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Heritage Pines board accepts unaudited financial statements; reports ICS account and pond treatment contract
Summary
The board accepted unaudited financials as of Oct. 31, 2024, noted a BankUnited ICS account (initial rate reported 4.75% then estimated at 4.25%) and that Premier Lakes began a pond-treatment contract Dec. 1, 2024.
District Manager Chuck Adams presented the unaudited financial statements as of Oct. 31, 2024 and the board voted to accept them. Adams said the district established a BankUnited Insured Cash Sweep (ICS) investment account; he stated he believed "the 4.75% initial interest rate has dropped to 4.25%." The financial statements were accepted on a unanimous motion.
Adams also reported that Premier Lakes began a contract on Dec. 1, 2024 to treat the district's ponds three times annually; the next scheduled treatments are March and July 2025. The board accepted the financial statements and noted the new vendor change and the ICS account activity for tracking in future financial reporting.
