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Agenda 12/10/2024 Item #16J 7 (Accept the Clerk's Report indicating $516.30 of interest was paid pursuant to Florida Statute 218.78 for the fiscal year ended September 30, 2024)12/10/2024 Item # 16.J.7 ID# 2024-2160 Executive Summary Recommendation to accept the Clerk’s report indicating that $516.30 of interest was paid pursuant to Florida Statute 218.78 for the fiscal year ended September 30, 2024. OBJECTIVE: Board approval of the Clerk’s reporting of $516.30 of interest paid pursuant to Florida Statute 218.78 for the fiscal year ended September 30, 2024. CONSIDERATIONS: Pursuant to Florida Statute 218.78, the Local Government Prompt Payment Act, each local government unit shall report to the Board the amount of interest paid during the preceding fiscal year. Florida Statute 218.78 reads: Report of interest. – If the total amount of interest paid during the preceding fiscal year exceeds $250, each local government entity shall, during December of each year, report to the board of county commissioners or the municipal governing body the number of interest payments made by it during the preceding fiscal year and the total amount of such payments made under this part. For the fiscal year ended September 30, 2024, the following interest payments were made: Vendor Invoice Number Fund Fund Center Amount Florida Department of Environmental Protection 133009 0001000000 156363 $146.38 Florida Department of Revenue 13242294 Dec 2023 5021000000 122450 $84.96 Florida Department of Revenue 13242294 Jan 2024 5021000000 122450 $95.27 Florida Department of Revenue 13242294 Feb 2024 5021000000 122450 $76.90 Florida Department of Revenue 13242294 Mar 2024 5021000000 122450 $52.55 Florida Department of Revenue 13242294 Apr 2024 5021000000 122450 $60.24 Total $516.30 The interest payment to the Florida Department of Environmental Protection was due to the payment for the Cocohatchee River Park Sovereign Submerged Land Lease being made late. County staff indicated that the payment was made late due to a vacant position within Parks & Recreation and then later a miscommunication with the new incoming Manager. The interest payments to the Florida Department of Revenue were due to fuel tax credits being declined by the State, which resulted in unpaid tax balances and interest being assessed for the months of December 2023 – April 2024. The Clerk’s Finance Department is in the process of appealing the declined credits and expects to recoup the additional taxes and interest paid. FISCAL IMPACT: Interest of $146.38 was paid from Fund 0001000000 (General Fund), Fund Center 156363 (Beach & Water Park Operations) and interest of $369.92 was paid from Fund 5021000000 (Fleet Management), Fund Center 122450 (Fuel Distribution). GROWTH MANAGEMENT IMPACT: None. LEGAL CONSIDERATIONS: This item has been reviewed by the Count Attorney, is approved as to form and legality, and requires majority vote for acceptance of the report. -JAK RECOMMENDATIONS: That the Board of County Commissioners approve this reporting of $516.30 of interest for fiscal year ending September 30, 2024. PREPARED BY: Derek M. Johnssen, Finance Director, Office of the Clerk of the Circuit Court and Comptroller Page 9633 of 10663 12/10/2024 Item # 16.J.7 ID# 2024-2160 ATTACHMENTS: None Page 9634 of 10663