Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Board accepts Oct. 31 unaudited financials; pond-treatment contract starts Dec. 1
Summary
Supervisors accepted the unaudited financial statements as of Oct. 31, 2024, heard an update on an ICS investment account and noted Premier Lakes began a pond-treatment contract Dec. 1, 2024 with treatments scheduled for March and July 2025.
Supervisors accepted the district's unaudited financial statements as of Oct. 31, 2024 at the Dec. 10 meeting.
District Manager Chuck Adams noted a BankUnited Insured Cash Sweep (ICS) investment account was established; the initial interest rate was about 4.75% but had dropped to roughly 4.25% at the time of the meeting. Adams also said pond treatments are handled by Premier Lakes under a contract that began Dec. 1, 2024; the next scheduled treatments are in March and July 2025. On motion by Arthur Rhodes, seconded by Carol Vaughan, the board accepted the unaudited financial statements "with all in favor."
No detailed investment schedule or contract amounts were provided in the transcript; staff will reflect these items in financial records.
