by Sue Wilson, Treasurer
The balance of unrestricted funds as of October 31, 2019 was $14,290,941 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, 2019, PIF had a balance of $15,972,574 plus $636,000 collected in October that was transferred into the PIF account the first part of November 2019. The Capital Reserve Fund had a balance of $5,257,372 as of month end.
The corporation operated within its budget for the 2019 fiscal year.
