By Carol Lawry, Acting Treasurer
The balance of unrestricted funds as of November 30, 2016 was $9,807,611 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, 2016, PIF had a balance of $8,846,374 plus $658,500 collected in November that was transferred into the PIF account the first part of December 2016. The Capital Reserve Fund had a balance of $5,041,817 as of month end.
The corporation has operated within its budget for the 2016 fiscal year.