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Heritage Pines board accepts unaudited Oct. 31 financials; notes ICS interest and pond-treatment contract
Summary
The board accepted unaudited financial statements as of Oct. 31, 2024; District Manager Chuck Adams reported the BankUnited ICS account's initial 4.75% interest rate has fallen to about 4.25% and that a pond-treatment contract with Premier Lakes began Dec. 1, 2024 with treatments next in March and July 2025.
District Manager Chuck Adams presented the unaudited financial statements as of Oct. 31, 2024, and the Board accepted them on a unanimous motion. Adams said the newly established BankUnited Insured Cash Sweep (ICS) investment account initially yielded about 4.75% but the rate has since dropped to approximately 4.25%.
Adams also reported that the district contracted with Premier Lakes for pond treatments beginning Dec. 1, 2024; the contract covers regular treatments, with the next applications scheduled for March and July 2025. On motion by Arthur Rhodes and seconded by Carol Vaughan, the unaudited financial statements were accepted.
