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Board accepts unaudited financial statements; investment account noted and pond treatments scheduled
Summary
Supervisors accepted the unaudited financial statements as of Oct. 31, 2024, and heard that the BankUnited ICS investment account was established (initial rate 4.75% noted to have fallen to ~4.25%); a contract with Premier Lakes for pond treatments began Dec. 1, 2024.
District Manager Chuck Adams presented the unaudited financial statements as of Oct. 31, 2024, and reported that the district established a BankUnited Insured Cash Sweep (ICS) investment account. Adams said the initial interest rate of 4.75% has dropped to about 4.25% since establishment.
Adams also noted that pond-treatment work will be performed by Premier Lakes under a contract that began Dec. 1, 2024; the large pond and Pond 3 are scheduled for treatments in March and July 2025. On motion by Arthur Rhodes, seconded by Carol Vaughan, the board accepted the unaudited financial statements.
