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ATTACHMENT E <br /> ADVANCE PAYMENT - INTEREST EARNED MEMORANDUM <br /> WHEN REPORTING OR REMITTING, PLEASE RETURN A COPY OF THIS REQUEST <br /> TO : <br /> FROM: Darinda McLaughlin, Finance and Accounting Director <br /> Bureau of Finance and Accounting, MS 78 <br /> DATE: <br /> SUBJECT: Advance Payment - Contract No. <br /> Interest Due to DEP : <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 unused portion of the advanced funds and/or interest due, <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 later than <br /> Initial advance funding disbursed <br /> 1 . Advanced funds principle expended or returned by contractor covering period of <br /> to $ <br /> 2. Balance advance funding principle available $ <br /> 3 . Interest earned on advanced funds covering period of to $ <br /> 4. Amount of interest paid to DEP as of $ <br /> 5 . Interest balance due to DEP as of $ <br /> (Project Manager' s Signature) (Date) <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 termination of the grant/contract, the advance fund recipient shall complete report items 1 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 1 , 2, 33 <br /> 4, and 5. Items 3, 4, and 5 will be the life to date interest <br /> If the contract states that no interest is due, quarterly reports of unexpended advances are required, lines 1 and 2. <br /> In all cases the line 1 and 2 reported amounts are on a cash basis for the advance payment principle. Do not include receivables, <br /> payables, or interest previously paid to DEP. <br /> If the grant/contract requires quarterly accrued interest payments to DEP, the fund recipient must complete items 1 through 5 for each <br /> quarterly report. <br /> Payments of interest due to DEP shall be paid within the specifications of the contract/grant. <br /> Thank you for your cooperation in providing the above information. If you have questions, please contact Lydia Louis (850) 245-2452 <br /> in the Contracts Disbursement Section. <br /> DEP Agreement No. LP6734, Attachment E. Page 1 of 1 <br />