Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Board accepts October unaudited financials; reports ICS account yield and pond treatment schedule
Summary
Supervisors accepted unaudited financial statements as of Oct. 31, 2024; the District established a BankUnited ICS account with an initial 4.75% rate that Adams said has dropped to 4.25%, and Premier Lakes began a pond-treatment contract Dec. 1, 2024.
The Heritage Pines CDD accepted the unaudited financial statements as of Oct. 31, 2024 on Dec. 10, 2024.
District Manager Chuck Adams told the board that the district opened a BankUnited Insured Cash Sweep (ICS) investment account with an initial interest rate of 4.75% that he believes has since decreased to about 4.25%. Adams also reported that a new pond-treatment contract with Premier Lakes began Dec. 1, 2024; the ponds will be treated three times annually with the next treatments scheduled for March and July 2025. Arthur Rhodes moved to accept the financials; the motion was seconded by Carol Vaughan and carried unanimously.
No further fiscal actions or contract details were adopted at the meeting beyond acceptance of the statements and acknowledgement of the investment vehicle and pond-treatment schedule.
