The balance of unrestricted funds as of January 31, 2013 was $10,782,259 which includes a $2.5M cash reserve. Restricted funds includes the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of January 31, 2013 PIF had a balance of $9,636,483 plus $495,000 collected in January that was transferred into the PIF account the first part of February 2013. The Capital Reserve Fund had a balance of $1,000,188 as of January month end.
The corporation has operated within its budget for the 2013 fiscal year.