The balance of unrestricted funds as of December 31, 2011 was $8,977,227 which includes a $2.5 million cash reserve. Restricted funds, also known as the Preservation and Improvement Fund (“PIF”), had a balance of $5,345,023 at December month end plus $527,900 collected in December that was transferred into the PIF account the first part of January 2012.
The corporation has operated within its budget year-to-date.