The balance of unrestricted funds as of April 30, 2012 was $11,837,128 which includes a $2.5 million cash reserve. Restricted funds includes the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of April 30, 2012 PIF had a balance of $7,021,890 plus $830,475 collected in April that was transferred into the PIF account the first part of May 2012. The Capital Reserve Fund had a balance of $500,000 as of April month end.
The corporation has operated within its budget year-to-date.