The balance of unrestricted funds as of November 30, 2012 was $10,281,880 which includes a $2.5M cash reserve. Restricted funds includes the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of November 30, 2012 PIF had a balance of $9,107,723 plus $510,000 collected in November that was transferred into the PIF account the first part of December 2012. The Capital Reserve Fund had a balance of $500,029 as of November month end.
The corporation has operated within its budget year-to-date.