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CDD accepts unaudited financials; board notes unbudgeted mower purchase
Summary
Board accepted unaudited financial statements as of July 31, 2024, noted an unbudgeted mower purchase and discussed operating account options with SunTrust and a potential investment account at BankUnited to be added to a future agenda.
The Heritage Pines CDD board accepted unaudited financial statements as of July 31, 2024 and discussed recent, unplanned capital spending.
District Manager Chuck Adams told the board the financials reflected the unbudgeted purchase of a new mower. The board discussed the district's operating account held at SunTrust and directed staff to add consideration of opening an investment account with BankUnited to the next meeting agenda. On a motion by Mr. Rhodes, seconded by Ms. Vaughan, the board accepted the unaudited financial statements "with all in favor."
No dollar amount for the mower was recorded in the minutes; the only specific contract figure cited elsewhere in the meeting concerned a separate maintenance contract described as "over $130,000."
