The balance of unrestricted funds as of August 31, 2020 was $15,081,584 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of August 31, 2020, PIF had a balance of $17,718,497 plus $557,381 collected in August that was transferred into the PIF account the first part of September 2020. The Capital Reserve Fund had a balance of $5,381,214 as of month end.
The Corporation operated within its budget year to date 2020.