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Board accepts unaudited Oct. 31 financials; notes investment account and new pond‑treatment contractor
Summary
The board accepted unaudited financial statements as of Oct. 31, 2024, and heard that a BankUnited Insured Cash Sweep account was opened (initial rate reported as 4.75% now about 4.25%). The board also heard that Premier Lakes began a pond‑treatment contract Dec. 1, 2024.
Heritage Pines supervisors accepted the unaudited financial statements as of Oct. 31, 2024 and received updates on banking and pond maintenance.
District Manager Chuck Adams reported the opening of a BankUnited Insured Cash Sweep (ICS) investment account; he stated the initial 4.75% interest rate "has dropped to 4.25%." The board also heard that Premier Lakes began a contract to treat the large pond and Pond 3 on Dec. 1, 2024; the next treatments are scheduled for March and July 2025. The statements were accepted on a motion by Mr. Rhodes, seconded by Ms. Vaughan, with all in favor.
Ms. Vaughan asked about additional work near the Rolling Hills pond and Mr. Adams confirmed Premier Lakes will treat both ponds three times annually under the new contract (beginning Dec. 1, 2024). No vote or direction beyond acceptance of the statements and contract start dates was recorded.
