The balance of unrestricted funds as of November 30, 2010 was $7,842,132 which includes a $2.5 million cash reserve. Restricted funds, also known as the Preservation and Improvement Fund (“PIF”), had a balance of $4,018,936 at November month end plus $338,800 collected in November that was transferred into the PIF account the first part of December.
Year-to-date we have collected $779,243 more than budget in Preservation & Improvement Fees.
The corporation has operated within its budget year-to-date.