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Agenda 12/10/2013 Item #16J5 12/10/2013 16.J.5. EXECUTIVE SUMMARY Recommendation to accept the report of interest for the fiscal year ending September 30, 2013 pursuant to Florida Statute 218.78 and Purchasing Policy XII.E; for the year ending September 30,2013 no interest was requested or paid. OBJECTIVE: Board approval and acceptance of the report of interest for the year ending September 30, 2013. 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 Board Purchasing Policy XII.E, the Purchasing Director and Finance Director shall jointly submit this report. For the fiscal year ending September 30, 2013, there were no interest payments made under the Prompt Payment Act. FISCAL IMPACT: None. 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. RE ;OMMENDATION: Tnat the Board of County Commissioners accepts the repon o Prompt Payment Act interest for the fiscal year ended September 30, 2013. • PREPARED BY: Crystal K. Kinzel, Finance Director- Clerk of Courts Joanne Markiewicz, Interim Purchasing Director - Board of County Commissioners Packet Page-2364- 12/10/2013 16.J.5. COLLIER COUNTY Board of County Commissioners Item Number: 16.16.J.16.J.5. Item Summary: Recommendation to accept the report of interest for the fiscal year ending September 30, 2013 pursuant to Florida Statute 218.78 and Purchasing Policy XII.E;for the year ending September 30, 2013 no interest was requested or paid. Meeting Date: 12/10/2013 Prepared By Name: BaerBonnie Title:Assitant General Ops Manager, Clerk of Courts 11/13/2013 2:27:23 PM Approved By Name: MarkiewiczJoanne Title:Manager-Purchasing Acquisition,Purchasing&Gene Date: 11/14/2013 3:31:40 PM Name: KinzelCrystal Date: 11/18/2013 2:18:16 PM Name: TeachScott Title: Deputy County Attorney.County Attome. Date: 11/26/2013 9:15:05 AID! Name: GreenwaldRandv Title: Management/Budget Analyst,Office of Management&B Date: 11/26/2013 9:51:21 AM Name: KlatzkowJeff Title: County Attorney Date: 11/26/2013 2:59:17 PM Name: OchsLeo Title: County Manager Date: 11/27/2013 11:08:53 AM Packet Page-2365-