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Heritage Pines CDD accepts unaudited financials showing 94% revenue collection
Summary
The board accepted unaudited financial statements as of Feb. 28, 2025, noting 94% of revenue collected and that recent investment interest earnings were not yet posted; staff will notify the board when statements are updated.
The Board accepted the unaudited financial statements for the period ending Feb. 28, 2025. District Manager Chuck Adams reported revenue is 94% collected with one month remaining before the payment deadline and noted that interest earned on investment accounts was not yet reflected because the statements had not been received in time; he said he would email the Board when interest earnings are posted.
Supervisors voted to accept the statements on a motion by Stephen Putman, seconded by Arthur Rhodes, "with all in favor." No adjustments to fund balances were proposed at the April meeting; staff will present final figures once all institution statements are posted.
