The balance of unrestricted funds as of November 30, 2023, 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, 2023, PIF had a balance of $31.8 million. The Capital Reserve Fund had a balance of $5.6 million at month end. The Carryforward balance as of November 30th was $10.5 million.
The corporation operated within its budget year to date in 2023.