Agenda 12/09/2014 Item #16J6 12/9/2014 16.J.6.
EXECUTIVESUMMARY
Recommendation to accept the report of interest for the fiscal year ending September 30,
2014 pursuant to Florida Statute 218.78 and the Purchasing Ordinance; for the year
ending September 30, 2014 no interest was requested or paid.
OBJECTIVE: Board approval and acceptance of the report of interest for the year ending
September 30, 2014.
CONSIDERATION: Pursuant to Florida Statute 218.78, Local Government Prompt Payment
Act, in December of each year, each local governmental entity shall report to the Board of
County Commissioners the number of interest payments made during the preceding fiscal year
and the total amount of such payments in excess of$250.
Pursuant to the Board's Purchasing Ordinance Section 16, the Purchasing Director and
Finance Director shall jointly submit this report.
For the fiscal year ending September 30, 2014, there were no interest payments made under
the Prompt Payment Act.
FISCAL IMPACT: There is no fiscal impact as a result of this executive summary.
LEGAL CONSIDERATIONS: This item is approved as to form and legality, and requires
majority vote for Board approval.—SRT
GROWTH MANAGEMENT IMPACT: There is no growth management impact associated
with this Executive Summary.
RECOMMENDATION: That the Board of County Commissioners accepts the report of
Prompt Payment Act interest for the fiscal year ended September 30, 2014.
PREPARED BY: Crystal K. Kinzel, Finance Director- Clerk of Courts
Joanne Markiewicz, Director, Procurement Services
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12/9/2014 16.J.6.
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.16.J.16.J.6.
Item Summary: Recommendation to accept the report of interest for the fiscal year
ending September 30, 2014 pursuant to Florida Statute 218.78 and the Purchasing Ordinance;
for the year ending September 30, 2014 no interest was requested or paid.
Meeting Date: 12/9/2014
Prepared By
Name: CostinKaren
Title: Office Assistant, Clerk of Courts
11/25/2014 4:36:00 PM
Approved By
Name: MurrayConnie
Date: 11/25/2014 5:01:1 8 PM
Name: OchsLeo
Title: County Manager, County Managers Office
Date: 11/30/2014 8:42:30 PM
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