The balance of unrestricted funds as of January 31, 2012 was $8,978,000 which includes a $2.5 million cash reserve. Restricted funds, also known as the Preservation and Improvement Fund (“PIF”), had a balance of $5,873,054 at January month end plus $386,300 collected in January that was transferred into the PIF account the first part of February 2012.
The corporation has operated within its budget year-to-date.