by Carol Lawry, Treasurer
The balance of unrestricted funds as of January 31, 2017 was $10,742,973 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, 2017, PIF had a balance of $9,926,330 plus $603,500 collected in January that was transferred into the PIF account the first part of February 2017. The Capital Reserve Fund had a balance of $5,054,902 as of month end.
The corporation operated within its budget for the 2017 fiscal year.