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Heritage Pines Board accepts unaudited August financials; opens BankUnited ICS account
Summary
Board accepted the unaudited financial statements as of Aug. 31, 2024 and noted opening of a BankUnited Insured Cash Sweep account for General Fund surplus; a supervisor asked whether SOLitude should share responsibility for poor performance.
District Manager Chuck Adams presented the unaudited financial statements as of Aug. 31, 2024 and told the Board that the General Fund surplus will be placed in a BankUnited Insured Cash Sweep (ICS) account. The Board unanimously accepted the statements after discussion.
Supervisor Michael Walsh asked whether SOLitude could be asked to compensate the district for poor performance; Adams said he would contact SOLitude and thought it reasonable to hold the vendor 50% responsible. The Board approved acceptance of the financials on a motion by Walsh, seconded by Carol Vaughan.
