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Heritage Pines accepts unaudited Oct. 31 financials; BankUnited ICS rate noted and pond treatment contract begins
Summary
The board accepted unaudited financial statements as of Oct. 31, 2024; District Manager reported a BankUnited ICS investment account whose initial 4.75% rate has dropped to 4.25%, and that Premier Lakes began a contract Dec. 1, 2024 for pond treatments.
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) investment account; he believes the initial 4.75% interest rate has dropped to 4.25%. The board accepted the statements on a motion by Mr. Rhodes, seconded by Ms. Vaughan, with all in favor.
Adams also reported that pond treatment services transitioned to Premier Lakes with a contract that began Dec. 1, 2024; the large pond and Pond 3 will be treated three times annually, with the next treatments scheduled for March and July 2025.
