The balance of unrestricted funds as of April 30, 2013 was $12,870,501 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of April 30, 2013, PIF had a balance of $11,262,487 plus $778,368 collected in April that was transferred into the PIF account the first part of May 2013. The Capital Reserve Fund had a balance of $1,000,044 as of April month end.
The corporation has operated within its budget for the 2013 fiscal year.