By Carol Lawry, Treasurer
The balance of unrestricted funds as of November 30, 2017 was $11,581,333 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, 2017, PIF had a balance of $16,103,850 plus $686,600 collected in November that was transferred into the PIF account the first part of December 2017. The Capital Reserve Fund had a balance of $5,124,565 as of month end.
The corporation operated within its budget for the 2017 fiscal year.
