The balance of unrestricted funds as of April 30, 2015 was $12,441,984 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of April 30, 2015, PIF had a balance of $5,340,000 plus $717,000 collected in April that was transferred into the PIF account the first part of May 2015. The Capital Reserve Fund had a balance of $2,000,044 as of April month end.
The corporation has operated within its budget for the 2015 fiscal year.