Primary Department: Management and Budget
Primary Department Head/Elected Official: Daniel Ramos, Executive Director
Secondary Department: N/A
Secondary Department Head/Elected Official: N/A
Regular or Supplemental RCA: Supplemental RCA
Type of Request: Financial Authorization
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWBE Contracted Goal (if applicable): N/A
MWBE Current Participation (if applicable): N/A
Justification for 0% MWBE Participation Goal: N/A - Goal not applicable to request
Grant Indirect Costs Rate (if applicable): N/A
Justification for 0% Grant Indirect Costs Rate (if applicable): N/A - Not a grant item
Request Summary (Agenda Caption):
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Request by the Office of Management and Budget for approval of the allocation of $80 million in mobility fund interest proceeds to precincts following the same three-part formula used for FY26 new revenue allocation.
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Background and Discussion:
As funds have been transferred from the Harris County Toll Road to Harris County and as interest rates have been higher in the last few years than they had in the previous decade, unspent mobility cash has earned interest and investment income. Some of this investment income has been allocated to specific projects, and it is used on an annual basis to fund mobility-related work in the County Attorney's Office and Purchasing, but a significant balance remains.
After reviewing all available information from PeopleSoft, financial and bank accounts, and auditing records and estimates, the Office of Management and Budget (OMB) recommends transferring $80 million in fund balance to precincts. This will allow those funds to be used for our residents, while retaining a reasonable amount in fund balance to account for interest not yet earned, estimated budget that is not backed by actual cash, and fluctuations in budget estimates from year to year. This will ensure smooth planning and minimize the likelihood of having to take...
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