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File #:
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21-2575
Version:
1
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Name:
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Type:
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Request for approval
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Status:
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Passed
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On agenda:
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6/8/2021
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Final action:
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6/8/2021
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Title:
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Request for approval to pay commercial paper interest.
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To: Harris County Commissioners Court
Through: Amy Perez, Director of Financial Management, Budget Management
prepared
Prepared By: Rebecca Garcia, Debt Analyst, Budget Management
Subject: Interest Due on Commercial Paper
end
Project ID (If applicable]:
Purpose and Request:
title
Request for approval to pay commercial paper interest.
end
Background and Discussion:
The Financial Management Section of Budget Management Department request approval to pay interest on the following outstanding commercial paper balances.
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Series |
Principal Amt. |
Interest Due |
Payable Date |
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A-1 |
$13,870,000.00 |
$1,634.00 |
6/16/2021 |
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C |
$45,980,000.00 |
$5,416.82 |
6/16/2021 |
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C |
$500,000.00 |
$58.90 |
6/16/2021 |
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C |
$39,810,000.00 |
$4,689.95 |
6/16/2021 |
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D |
$12,545,000.00 |
$1,477.90 |
6/16/2021 |
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H |
$7,400,000.00 |
$1,816.55 |
6/17/2021 |
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H |
$7,500,000.00 |
$1,335.62 |
6/17/2021 |
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Total |
$16,429.74 |
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Fiscal Impact:
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Fiscal Summary |
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Expenditures |
FY 21-22 |
FY 22-23 Projected |
Future Years Projected [3 additional years] |
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Service Impacted: Debt Service |
$ 16,429.74 |
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Existing Budget |
$ 27,342,440.47 |
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Additional Appropriation Requested |
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Total Expenditures |
$ 16,429.74 |
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Funding Sources |
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Existing Department Budget |
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Please Identify Funding Source Debt Service Tax Revenue |
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Fund 4701 - Series A-1 |
$ 9,088,129.67 |
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Fund 4703 - Series C |
$ 2,383,782.04 |
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Fund 4704 - Series D |
$ 9,526,762.66 |
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Fund 4450 - Series H |
$ 6,343,766.10 |
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Total Sources |
$ 27,342,440.47 |
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Alternatives:
N/A
Alignment with Strategic Objective:
N/A
Attachments:
N/A
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