The balance of unrestricted funds as of August 31, 2015 was $9,746,699 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of August 31, 2015, PIF had a balance of $3,181,690 plus $470,000 collected in August that was transferred into the PIF account the first part of September 2015. The Capital Reserve Fund had a balance of $5,000,044 as of August month end.
The corporation has operated within its budget for the 2015 fiscal year.