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Heritage Pines accepts unaudited Oct. 31 financials; notes change in ICS interest and pond treatment schedule
Summary
The board accepted unaudited financial statements as of Oct. 31, 2024, noted an ICS investment account interest decline (from 4.75% to an estimated 4.25%), and heard that Premier Lakes began pond treatments Dec. 1, 2024 with next treatments in March and July 2025.
The Heritage Pines Community Development District board accepted the unaudited financial statements as of Oct. 31, 2024 during its Dec. 10 meeting.
District Manager Chuck Adams told the board the BankUnited Insured Cash Sweep (ICS) investment account had been established and that "he believes the 4.75% initial interest rate has dropped to 4.25%." The board record also shows the district switched pond-treatment contractors: Premier Lakes began a contract Dec. 1, 2024 to treat the big pond and Pond 3 three times annually; the next treatments are scheduled for March and July 2025.
On motion by Arthur Rhodes, seconded by Carol Vaughan, the board accepted the unaudited financial statements. The minutes do not record additional audit adjustments or requests for external review at this meeting.
