by Mike Kennedy
The balance of unrestricted funds as of October 31, 2015 was $8,876,215 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, 2015, PIF had a balance of $3,660,051 plus $496,733 collected in October that was transferred into the PIF account the first part of November 2015. The Capital Reserve Fund had a balance of $5,000,044 as of October month end.
The corporation has operated within its budget for the 2015 fiscal year.