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Board accepts unaudited Oct. 31 financials; notes BankUnited ICS rate change and Premier Lakes contract
Summary
The board accepted unaudited financial statements as of Oct. 31, 2024; District Manager reported the BankUnited ICS initial rate of 4.75% has fallen to about 4.25% and that Premier Lakes began pond-treament work Dec. 1, 2024 with next treatments scheduled for March and July 2025.
District Manager Chuck Adams presented the unaudited financial statements as of Oct. 31, 2024; the board voted to accept the statements.
Adams reported the new BankUnited Insured Cash Sweep (ICS) investment account was established and that the initial 4.75% interest rate has dropped to an estimated 4.25%. He also stated that Premier Lakes began a contract on Dec. 1, 2024 to treat the community's larger ponds three times annually, with the next treatments planned for March and July 2025. The board accepted the statements on motion by Arthur Rhodes, seconded by Carol Vaughan.
No audit findings were discussed at the meeting; the statements were presented as unaudited and will remain subject to future audit review.
