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Heritage Pines accepts unaudited Oct. 31 financials and notes ICS account yield change
Summary
The board accepted unaudited financial statements as of Oct. 31, 2024; the District established a BankUnited Insured Cash Sweep account whose yield fell from an initial 4.75% to about 4.25%, and Premier Lakes began a pond‑treatment contract Dec. 1, 2024.
Mr. Adams presented the unaudited financial statements as of Oct. 31, 2024 and reported that the district established a BankUnited Insured Cash Sweep (ICS) investment account; he said the initial 4.75% interest rate has dropped to about 4.25%.
Mr. Adams also advised the board that the pond‑treatment contract with Premier Lakes began Dec. 1, 2024 and that ponds will be treated three times annually with the next applications scheduled for March and July 2025. On motion by Arthur Rhodes and seconded by Carol Vaughan, the board accepted the unaudited financial statements.
