Laserfiche WebLink
<br />ATTACHMENT E <br />ADVANCE PAYMENT - INTEREST EARNED MEMORJ\.NDUM <br /> <br />WHEN REPORTING OR REMITTING, PLEASE RETURN A COPY OF THIS REQUEST <br /> <br />TO: <br /> <br />FROM: <br /> <br />Darinda McLaughlin, Finance and Accounting Director <br />Bureau of Finance and Accounting, MS 78 <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />Advance Payment - Contract No, <br />Interest Due to DEP: <br /> <br />Pursuant to Section 216,181 (16), Florida Statutes, advance payments may be required to be deposited into an interest bearing account <br />until all funds have been depleted, In order to update the status on the unuscd portion of the advanced funds and/or intercst duc, <br />advance approval of the Chief Financial Officer, and the terms of the above referenced contract, the following information is needed <br />for our records no latcr than <br /> <br />Initial advance funding disbursed <br /> <br />I. Advanced funds principle expended or returned by contractor covering period of <br />to <br /> <br />$ <br /> <br />$ <br /> <br />2, Balance advance funding principle available <br /> <br />$ <br /> <br />3. <br /> <br />Interest earned on advanced funds covering period of <br /> <br />to <br /> <br />$ <br /> <br />4. <br /> <br />Amount of interest paid to DEP as of <br /> <br />$ <br /> <br />5. <br /> <br />Interest balance due to DEP as of <br /> <br />$ <br /> <br />(Project l'vlanager's Signature) <br /> <br />(Date) <br /> <br />Special Instructions: If the grant/contract specifies that any accrued interest, which is based upon a grant/contract advance payment(s), <br />will not be paid to DEP until after tennination of the grant/contract, the advance fund recipient shall complete report items I and 2 <br />only for the first three quarters of the state's fiscal year. The report for the state's fourth fiscal year quarter shall include items I, 2, 3, <br />4, and 5. Items 3, 4, and 5 will be the life to date interest <br /> <br />If the contract states that no interest is due, quarterly reports of unexpended advances are required, lines I and 2, <br /> <br />In all cases the line I and 2 reported amounts arc on a cash basis for the advance payment principle, Do not include receivables, <br />payables, or interest previously paid to DEP. <br /> <br />If the grant/contract requires quarterly accrued interest payments to DEP, the fund recipient must complete items I through 5 for each <br />q uarterl y report, <br /> <br />Payments of interest due to DEP shall be paid within the specifications of the contract/grant. <br /> <br />Thank you for your cooperation in providing the above information, lfyou have questions, please contact Lydia Louis (850) 245-2452 <br />in the Contracts Disbursement Section, <br /> <br />DEP Agreement No, LP8978, Attachment E, Page 1 of I <br />