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Board accepts unaudited Oct. 31 financial statements; notes new ICS account and pond-treatment contract
Summary
Supervisors accepted unaudited financial statements for Oct. 31, 2024, discussed a BankUnited ICS account (initial 4.75% now about 4.25%) and recorded a new pond-treatment contract with Premier Lakes effective Dec. 1, 2024.
District Manager Chuck Adams presented the unaudited financial statements as of Oct. 31, 2024, and told the board the district established a BankUnited Insured Cash Sweep (ICS) account. Adams said the account's initial interest rate of 4.75% has dropped to roughly 4.25% since establishment. The board voted to accept the statements on a motion by Arthur Rhodes, seconded by Carol Vaughan, with all in favor.
Adams also reported that Premier Lakes began a new pond-treatment contract on Dec. 1, 2024; the contract calls for treating the big pond and pond 3 three times annually, with the next treatments scheduled for March and July 2025. Ms. Vaughan asked whether additional work could be done around the pond near Rolling Hills; Adams confirmed the new vendor will provide scheduled treatments and outlined the dormancy schedule until the next treatments in spring.
