The balance of unrestricted funds as of February 28, 2023, was $20.8 million 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, 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 February 28th was $10.1 million.
The corporation operated within its budget year to date in 2023.