The balance of unrestricted funds as of November 30, 2011 was $8,348,599 which includes a $2.5 million cash reserve. Restricted funds, also known as the Preservation and Improvement Fund (“PIF”), had a balance of $4,922,939 at November month end plus $422,000 collected in November that was transferred into the PIF account the first part of December 2011.
The corporation has operated within its budget year-to-date.