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Treasurer’s report: Hidden Lake Association holds multiple accounts; SCU CD maturing May 15
Summary
Board reviewed account balances across operating, reserve and multiple SCU CDs totaling tens of thousands; an 18‑month SCU CD matures May 15 and the board indicated intent to consider SCU’s 12‑month CD at 4.25 percent.
At the April 8 meeting, President Chris Vachon presented the treasurer’s report in the absence of the named treasurer, outlining balances across checking, reserves and several certificates of deposit.
Reported balances (rounded): Checking $95,093; Capital Expense $10,608; Pre‑Payment Savings $23,183; Rainy Day $15,624; Waterfront $7,987; several SCU accounts including a 12‑month CD ($10,666), an 18‑month CD ($21,461), a 6‑month CD ($10,693) and additional CDs for playground and gravel. The 18‑month CD is scheduled to mature May 15; the board noted SCU’s 12‑month CD at 4.25 percent as the likely rollover option.
No formal vote on investment direction occurred during the meeting; the board discussed the upcoming decision and operational implications for reserves.
