By Larry Klein, Treasurer
The balance of unrestricted funds as of November 30, 2013 was $9,462,474 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of November 30, 2013, PIF had a balance of $11,969,452 plus $414,000 collected in November that was transferred into the PIF account the first part of December 2013. The Capital Reserve Fund had a balance of $1,000,044 as of November month end.
The corporation has operated within its budget for the 2013 fiscal year.