By Dave Wieland, Treasurer
The balance of unrestricted funds as of November 30, 2014 was $10,886,355 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of November 30, 2014, PIF had a balance of $8,446,715 plus $491,938 collected in November that was transferred into the PIF account the first part of December 2014. The Capital Reserve Fund had a balance of $1,500,044 as of November month end.
The corporation has operated within its budget for the 2014 fiscal year.