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CDD accepts unaudited financials; reports ICS interest decline and new pond-treatment contract
Summary
The board accepted unaudited financial statements as of Oct. 31, 2024, noted an ICS account's initial 4.75% interest has dropped to 4.25%, and confirmed a pond-treatment contract with Premier Lakes effective Dec. 1, 2024 with treatments scheduled for March and July 2025.
Mr. Adams presented the unaudited financial statements as of Oct. 31, 2024 and reported that the BankUnited Insured Cash Sweep (ICS) investment account was established with an initial 4.75% interest rate that he believes has since declined to 4.25%. After discussion, the board accepted the statements by unanimous motion.
Ms. Vaughan asked about additional work near the Rolling Hills pond; Mr. Adams said both the big pond and pond '3' are treated three times annually by the new vendor Premier Lakes under a contract beginning Dec. 1, 2024, with the next treatments scheduled for March and July 2025. The board voted to accept the unaudited statements on a motion by Mr. Rhodes and second by Ms. Vaughan.
