The balance of unrestricted funds as of November 30, 2022, was $19.1 million 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, 2022, PIF had a balance of $32.3 million plus $531k collected in November that was transferred into the PIF account in early December 2022. The Capital Reserve Fund had a balance of $5.6 million at month end. The Carryforward balance as of November 30 was $10.7 million.
The corporation operated within its budget year to date in 2022.