The balance of unrestricted funds as of August 31, 2011 was $8,104,236 which includes a $2.5 million cash reserve. Restricted funds, also known as the Preservation and Improvement Fund (“PIF”), had a balance of $4,251,967 at August month end plus $480,000 collected in August that was transferred into the PIF account the first part of September 2011.
The corporation has operated within its budget year-to-date.