by Carol Lawry, Treasurer
The balance of unrestricted funds as of February 28, 2017 was $11,802,790 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of February 28, 2017, PIF had a balance of $9,929,015 plus $603,805 collected in February that was transferred into the PIF account the first part of March 2017. The Capital Reserve Fund had a balance of $5,055,606 as of month end.
The corporation operated within its budget for the 2017 fiscal year.