date:Jan 16, 2014
o evaluate market conditions and are committed to capitalizing on opportunities to monetize our real estate portfolio at the appropriate time. We are pleased that on January 1, 2013 the Williamson Act expired for Windfall Farms, which allows the project to be subdivided into 76 ten acre parcels.
Balance Sheet and Liquidity
Cash generated by operating activities in fiscal year 2012 was $6.3 million, compared to $6.0 million fiscal year 2011. Net borrowings on long-term debt were $6.8 million in