The balance of unrestricted funds as of October 31, 2013 was $8,939,166 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of October 31, 2013, PIF had a balance of $13,000,151 plus $435,000 collected in October that was transferred into the PIF account the first part of November 2013. The Capital Reserve Fund had a balance of $1,000,044 as of October month end.
The corporation has operated within its budget for the 2013 fiscal year.