Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Financial Reporting topic
No spam. Unsubscribe anytime.
Heritage Pines accepts unaudited Oct. 31 financials; notes change in ICS interest rate
Summary
The board accepted unaudited financial statements as of Oct. 31, 2024, noted the BankUnited Insured Cash Sweep account and that the initial 4.75% interest rate had dropped to about 4.25%; board also noted Premier Lakes pond contract began Dec. 1, 2024.
Mr. Adams presented the unaudited financial statements as of Oct. 31, 2024, and told the board the BankUnited Insured Cash Sweep (ICS) investment account had been established and that "he believes the 4.75% initial interest rate has dropped to 4.25%." The board accepted the statements unanimously.
During the same item, Mr. Adams confirmed the district's pond treatment contract with Premier Lakes began on Dec. 1, 2024 and that treatment schedules call for applications in March and July 2025. No further financial questions were raised and the acceptance vote was recorded as unanimous.
