Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Heritage Pines accepts unaudited statements; notes ICS account and pond-treatment schedule
Summary
The board accepted unaudited financial statements as of Oct. 31, 2024, noted the establishment of a BankUnited Insured Cash Sweep account whose initial rate fell from 4.75% to 4.25%, and confirmed a new pond-treatment contract with Premier Lakes scheduled for treatments in March and July 2025.
The board accepted the unaudited financial statements as of Oct. 31, 2024, after District Manager Chuck Adams presented the reports and explained recent financial actions. Adams said the district established a BankUnited Insured Cash Sweep (ICS) investment account; "he believes the 4.75% initial interest rate has dropped to 4.25%," the minutes state.
The board also discussed pond maintenance: Mr. Adams said the contract with Premier Lakes began Dec. 1, 2024, and that the district's big pond and Pond 3 will be treated three times annually, with the next treatments scheduled for March and July 2025. The acceptance of the statements passed on a motion by Mr. Rhodes, seconded by Ms. Vaughan, with all in favor.
