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Heritage Pines accepts unaudited Oct. 31 financials; notes ICS account and pond-treatment contract
Summary
The board accepted unaudited financial statements as of Oct. 31, 2024, noted establishment of a BankUnited Insured Cash Sweep account (initial rate 4.75% now about 4.25%) and confirmed a new pond-treatment contract with Premier Lakes beginning Dec. 1, 2024.
District Manager Chuck Adams presented the unaudited financial statements as of Oct. 31, 2024, and reported the district established a BankUnited Insured Cash Sweep (ICS) account. Mr. Adams said the ICS initially offered 4.75% interest but he believes the rate has since dropped to about 4.25%.
Adams also reported that Premier Lakes began a pond-treatment contract on Dec. 1, 2024; he said the big pond and pond 3 will be treated three times annually, with the next treatments scheduled for March and July 2025. On motion by Mr. Rhodes and seconded by Ms. Vaughan, with all in favor, the board accepted the unaudited financial statements.
Supervisors briefly asked about additional pond work near Rolling Hills and the district confirmed the new contractor and seasonal treatment schedule.
