Primary Department: Management and Budget
Primary Department Head/Elected Official: Daniel Ramos
Secondary Department: Choose an item.
Secondary Department Head/Elected Official:
Regular or Supplemental RCA: Supplemental RCA
Type of Request: Position
Project ID (if applicable):
Vendor/Entity Legal Name (if applicable):
MWBE Contracted Goal (if applicable):
MWBE Current Participation (if applicable):
Justification for 0% MWBE Participation Goal: N/A - Goal not applicable to request
Grant Indirect Costs Rate (if applicable):
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 to consider action to appoint a County Investment Officer for Harris County in accordance with applicable State law and County Policy.
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Background and Discussion:
In accordance with Texas Local Government Code Section 116.112(a) and the Harris County Investment Policy adopted pursuant to Texas Government Code Sections 2256.005(f) and (g), the County is required to designate a County Investment Officer responsible for the investment of public funds.
Due to an upcoming leadership transition within the Office of Management and Budget, OMB recommends appointing Diana Elizondo, currently serving as Investment Director, as County Investment Officer to ensure continuity of investment oversight and compliance with applicable statutory requirements.
Expected Impact:
Approval of this action will maintain the County's compliance with the Texas Public Funds Investment Act and the Harris County Investment Policy by ensuring uninterrupted designation of a County Investment Officer. This action supports continuity of investment operations and fiduciary oversight of public funds and has no fiscal or personnel impact.
Alternative Options:
N/A
County Strategic Plan Goal: N/A
County Strategic Plan Objective: N/A
Justice/Safety Initiative (Goal 1)...
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