by Mike Kennedy
The balance of unrestricted funds as of November 30, 2015 was $9,569,758 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of November 30, 2015, PIF had a balance of $4,100,753 plus $534,500 collected in November that was transferred into the PIF account the first part of December 2015. The Capital Reserve Fund had a balance of $5,000,044 as of November month end.
The corporation has operated within its budget for the 2015 fiscal year.
