Primary Department: Management and Budget
Primary Department Head/Elected Official: Daniel Ramos, Executive Director, Office of Management and Budget
Secondary Department: N/A
Secondary Department Head/Elected Official: N/A
Regular or Supplemental RCA: Regular RCA
Type of Request: Policy
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):
title
Request for approval of the Harris County Debt Management Policy.
end
Background and Discussion:
The policy sets guidelines for issuing debt and managing outstanding debt portfolio for the County and the Flood Control District to achieve the lowest cost of capital and maintain strong credit ratings. In compliance with the policy, it is updated, reviewed and submitted to court annually.
The policy included the following changes:
• On page 2 added a language for Capital Expenditures for Debt Purposes Policy.
• On page 4 added Hotel Occupancy Tax Senior Lien Revenue Bonds under Revenue Debt section.
• Under Variable Rate and Short-term Debt section, Series C-2 and Series K-2 were added.
• On page 6 added Key Debt Monitoring Metrics
• Added Capital Expenditures for Debt Purposes Policy in Exhibit A.
Expected Impact: N/A`
Alternative Options: N/A
County Strategic Plan Goal: N/A
County Strategic Plan Objective: N/A
Justice/Safety Initiative (Goal 1): Choose an item.
Infrastructure Initiative (Goal 2): Choose an item.
Economy Initiative (Goal 3): Choose an item.
Health Initiative (Goal 4): Choose an item.
Climate/Resilience Initiative (Goal 5): Choose an item.
Housing Initiative (Goal 6): Choose an item.
Additional notes related to the Strategic Plan: N/A
Prior Court Action (if any):
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Fiscal and Personnel Summary |
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Existing Budget |
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Total Existing Budget |
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Additional Budget Request (Requires Fiscal Review Request Form) |
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Total Funding Sources |
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Local Match Source - Existing Budget: Choose an item. |
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Local Match Source - Additional Budget Request: Choose an item. |
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Grant Funds Applied for/Awarded (Total) |
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Personnel (Fill out section only if requesting new PCNs) |
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Current Position Count for Service |
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Additional Positions Request |
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Total Personnel |
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Anticipated Court Date: 1/9/2025
Anticipated Implementation Date (if different from Court date): Click or tap to enter a date.
Emergency/Disaster Recovery Note: Not an emergency, disaster, or COVID-19 related item
Contact(s) name, title, department: Amy Perez, Deputy Executive Director, Office of Management and Budget
Attachments (if applicable): Debt Management Policy