Department: Management and Budget
Department Head/Elected Official: Daniel Ramos, Executive Director
Regular or Supplemental RCA: Regular RCA
Type of Request: Transmittal
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MWDBE Contracted Goal (if applicable):
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Justification for 0% MWDBE Participation Goal: N/A - Goal not applicable to request
Request Summary (Agenda Caption):
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Transmittal by the Office of Management and Budget of the revised quarterly investment report in accordance with the Public Funds Investment Act.
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Background and Discussion:
The Financial Management Section of Management and Budget has prepared the Investment Report covering the Second Quarter of Fiscal Year 2023-24 (January-March). There are various investment transactions with MWDBE broker/dealers and bank.
This report is presented in accordance with Texas Government Code - Public Funds Investment Act, Section 2256.023. The department certifies that to the best of our knowledge Harris County is in compliance with the provisions of Government Code 2256 and with the state policy of strategies of Harris County.
Revisions include an investment (CUSIP 07274LHP5) of $10mm that was inadvertently mapped to the C1053 Mobility & Infrastructure portfolio instead of the C1050 HC Contingency portfolio and cash/MMF variance of approximately $251. Also included in the report is the investment advisor's compliance review.
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_ Justice and Safety
_ Economic Opportunity
_ Housing
_ Public Health
_ Transportation
_ Flooding
_ Environment
_ Governance and Customer Service
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Fiscal and Personnel Summary
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Current Fiscal Year Cost
Annual Fiscal Cost
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Recurring Expenses
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Existing Bud...
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