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CDD accepts unaudited Oct. 31 financials; notes ICS investment and pond-treatment schedule
Summary
The board accepted unaudited financial statements as of Oct. 31, 2024; District Manager noted a BankUnited ICS account with an initial 4.75% rate that has fallen to about 4.25%, and a Premier Lakes pond‑treatment contract that began Dec. 1, 2024 with next treatments planned for March and July 2025.
The board accepted the unaudited financial statements for the period ending Oct. 31, 2024 on a unanimous vote. District Manager Chuck Adams told the board the newly established BankUnited Insured Cash Sweep (ICS) account initially carried a 4.75% interest rate that he believes has dropped to about 4.25%.
Adams also reported that a new contract with Premier Lakes for pond treatments began Dec. 1, 2024; the ponds will be treated three times annually, with the next applications scheduled for March and July 2025. The financial statements were accepted on a motion by Arthur Rhodes, seconded by Carol Vaughan.
