By Carol Lawry, Acting Treasurer
The balance of unrestricted funds as of October 31, 2016 was $9,386,992 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, 2016, PIF had a balance of $8,378,122 plus $565,100 collected in October that was transferred into the PIF account the first part of November 2016. The Capital Reserve Fund had a balance of $5,011,417 as of month end.
The corporation has operated within its budget for the 2016 fiscal year.