The balance of unrestricted funds as of September 30, 2012 was $9,941,950 which includes a $2.5M cash reserve. Restricted funds includes the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of September 30, 2012 PIF had a balance of $8,269,539 plus $438,600 collected in September that was transferred into the PIF account the first part of October 2012. The Capital Reserve Fund had a balance of $500,020 as of September month end.
The corporation has operated within its budget year-to-date.
Investment Report 3rd Quarter 2012:
At the end of the third quarter, the UBS unrestricted money market account had an ending balance of $8,314,271.71 and had earned a total of $573.94 in interest year-to-date.
The restricted UBS money market account for the Preservation and Improvement Fund had an ending balance of $8,087,763.28, with a total of $930.64 interest earned year-to-date.
The restricted UBS money market account for the Capital Reserve Fund had a balance of $500,020.08, with a total of $20.08 interest earned year-to-date.