by Dave Wieland
The balance of unrestricted funds as of October 31, 2014 was $9,070,570 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of October 31, 2014, PIF had a balance of $10,325,851 plus $556,600 collected in October that was transferred into the PIF account the first part of November 2014. The Capital Reserve Fund had a balance of $1,500,044 as of August month end.
The corporation has operated within its budget for the 2014 fiscal year.
