The balance of unrestricted funds as of January 31, 2011 was $7,941,825 which includes a $2.5 million cash reserve. Restricted funds, also known as the Preservation and Improvement Fund (“PIF”), had a balance of $4,030,368 at January month end plus $358,500 collected in January that was transferred into the PIF account the first part of Februaryy 2011.
The corporation operated within its budget year to date.