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Board accepts unaudited financials; notes bank sweep rate change and new pond treatment contract
Summary
The board accepted unaudited financial statements as of Oct. 31, 2024, noted the BankUnited ICS rate decline from 4.75% to about 4.25%, and confirmed a pond‑management contract with Premier Lakes that began Dec. 1, 2024 with next treatments scheduled for March and July 2025.
District Manager Chuck Adams presented the unaudited financial statements as of Oct. 31, 2024 and explained the district established a BankUnited Insured Cash Sweep (ICS) account; "the 4.75% initial interest rate has dropped to 4.25%." The board accepted the statements unanimously.
Adams also reported the pond‑management contract with Premier Lakes began Dec. 1, 2024; the district is in dormancy now and "the next treatments will be applied in March and July 2025." The board approved acceptance of the unaudited statements on a motion by Arthur Rhodes, seconded by Carol Vaughan.
