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Board accepts unaudited Oct. 31 financials; notes ICS investment rate change
Summary
Supervisors accepted the unaudited financial statements as of Oct. 31, 2024 and the district reported establishing a BankUnited Insured Cash Sweep (ICS) account whose initial 4.75% interest rate has since dropped to 4.25%.
District Manager Chuck Adams presented the unaudited financial statements as of Oct. 31, 2024 and informed the board that an Insured Cash Sweep account with BankUnited had been established. Adams said he believes the initial 4.75% interest rate has dropped to 4.25%.
Supervisor Carol Vaughan asked about additional work near the Rolling Hills pond; Adams said ponds are treated three times annually by Premier Lakes and the next treatments are scheduled for March and July 2025. The minutes show the board accepted the unaudited financial statements by unanimous motion.
