The balance of unrestricted funds as of October 31, 2012 was $9,875,388 which includes a $2.5M cash reserve. Restricted funds includes the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of October 31, 2012 PIF had a balance of $8,586,354 plus $527,200 collected in October that was transferred into the PIF account the first part of November 2012. The Capital Reserve Fund had a balance of $500,024 as of October month end.
The corporation has operated within its budget year-to-date.