by Michael Kennedy, Treasurer
The balance of unrestricted funds as of January 31, 2016 was $10,677,810 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of January 31, 2016, PIF had a balance of $5,076,105 plus $535,000 collected in January that was transferred into the PIF account the first part of February 2016. The Capital Reserve Fund had a balance of $5,000,044 as of January month end.
The corporation has operated within its budget for the 2016 fiscal year.
