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Board accepts unaudited financials; notes ICS account and pond‑treatment contract with Premier Lakes
Summary
Board accepted unaudited financial statements as of Oct. 31, 2024, discussed a BankUnited ICS account whose initial 4.75% rate has moved to about 4.25%, and confirmed a Premier Lakes pond-treatment contract effective Dec. 1, 2024 with treatments scheduled for March and July 2025.
District Manager Chuck Adams presented the unaudited financial statements as of Oct. 31, 2024 and told the board the BankUnited Insured Cash Sweep (ICS) investment account had been established; he believes the initial 4.75% interest rate has dropped to about 4.25%. The board voted to accept the statements unanimously.
Adams also reported that Premier Lakes began the pond-treatment contract on Dec. 1, 2024; the next treatments are scheduled for March and July 2025. Ms. Vaughan asked whether anything further could be done at the pond area by Rolling Hills; Adams said the ponds are treated three times annually under the new contract.
