by Michael Kennedy, Treasurer
The balance of unrestricted funds as of January 31, 2015 was $12,057,323 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of January 31, 2015, PIF had a balance of $6,679,771 plus $485,000 collected in January that was transferred into the PIF account the first part of February 2015. The Capital Reserve Fund had a balance of $2,000,044 as of January month end.
The corporation has operated within its budget for the 2015 fiscal year.