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Board accepts unaudited Oct. 31 financials; notes change in ICS interest rate and new pond vendor
Summary
Supervisors accepted the unaudited financial statements as of Oct. 31, 2024, the board noted BankUnited ICS interest declined from 4.75% to 4.25%, and the ponds will be treated by Premier Lakes beginning Dec. 1, 2024.
District Manager Chuck Adams presented the unaudited financial statements as of Oct. 31, 2024, and reported that the BankUnited Insured Cash Sweep (ICS) account had been established. Adams said he "believes the 4.75% initial interest rate has dropped to 4.25%."
The board also discussed pond treatment: Mr. Adams reported that Premier Lakes began the contract Dec. 1, 2024, and that ponds will be treated three times annually with the next treatments scheduled for March and July 2025. On motion by Arthur Rhodes, seconded by Carol Vaughan, the unaudited financial statements were accepted.
