n. Limits on Contracts Exceeding $25,000 and Term more than 1 Year . In the event this

BCC - Regular Board Meeting - 2nd Tuesday · 2026-05-19 · agenda_item

This item concerns a proposed policy update regarding limits on contracts. Specifically, it addresses contracts that exceed $25,000 and have a term longer than one year. The policy incorporates Florida Statutes Section 339.135(6)(a), which requires a statement from the comptroller confirming available funds before entering into such agreements. This ensures that expenditures do not exceed budgeted amounts for the fiscal year. While contracts can extend beyond one year, they will be executory for future fiscal years. This policy is currently under review by the Lake County Board of County Commissioners. The review process will likely involve discussions and potential adoption of the updated contract guidelines. This early stage presents an opportunity for local contractors, suppliers, and service providers to understand upcoming procurement requirements and prepare their businesses for potential future contract opportunities that meet these criteria.

contract limit

25000 $