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 FY 2023-24 second quarterly-revised and third quarter investment reports 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 investment reports covering the second quarter-revised and third quarter of Fiscal Year 2023-24 (January-March and April-June).
The second quarter report was revised to reflect Cadence DDA balances as of last day of March 2024. An incorrect date was inadvertently used when downloading balances on certain accounts. Internal procedures have been updated to prevent this issue from recurring.
There are various investment transactions with MWDBE broker/dealers and bank. These reports are 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.
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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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