In order to expedite payments, invoices should be submitted to the attention of the Accounts Payable Department, 2121 Cross Timbers Road, Flower Mound, Texas 75028, or via email. Failure to do so may cause a delay in payment.
The Town of Flower Mound complies with the Prompt Payment Act, Section 2251 of the Texas Local Government Code. The Prompt Payment Act ensures that companies transacting business with government agencies are paid in a timely manner. With certain exception, the act requires that the government agency make payment within 30 days of submission of a properly prepared invoice by a vendor. A payment begins to accrue interest on the date the payment becomes overdue. The rate of interest that accrues on an overdue payment is the rate in effect on September 1 of the fiscal year in which the payment becomes overdue.
The rate in effect on September 1 is equal to the sum of:
one percent; and
the prime rate as published in the Wall Street Journal on the first day of July of the preceding fiscal year that does not fall on a Saturday or Sunday.
The Town of Flower Mound Accounts Payable Department issues payments to vendors once a week. Checks are mailed each Friday. Questions in regard to payments should be directed to the Accounts Payable Department at 972.874.6036.
Taxes The Town of Flower Mound is exempt from paying federal excise and transportation taxes and Texas State or local sales and use taxes. If a vendor includes any such taxes on price quotes or invoices, the amount of the taxes will be deducted from the total of the price quote or invoice.
A Tax-Exempt Form will be provided by the Town of Flower Mound upon request. A request can be submitted in writing via email or by contacting the Purchasing Office at 972.874.6009.