Harris County Logo
Share to Facebook Share to Twitter Bookmark and Share
File #: 21-2575    Version: 1 Name:
Type: Request for approval Status: Agenda Ready
File created: 5/28/2021 In control: Commissioners Court
On agenda: 6/8/2021 Final action:
Title: Request for approval to pay commercial paper interest.
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
No records to display.

 

 

 

 

 

 

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.

 

Series

 Principal Amt.

 Interest Due

 Payable Date

A-1

$13,870,000.00

$1,634.00

6/16/2021

C

$45,980,000.00

$5,416.82

6/16/2021

C

$500,000.00

$58.90

6/16/2021

C

$39,810,000.00

$4,689.95

6/16/2021

D

$12,545,000.00

$1,477.90

6/16/2021

H

$7,400,000.00

$1,816.55

6/17/2021

H

$7,500,000.00

$1,335.62

6/17/2021

 

Total

$16,429.74

 

 

Fiscal Impact:

 

Fiscal Summary

 Expenditures

FY 21-22

FY 22-23 Projected

Future Years Projected [3 additional years]

Service Impacted:   Debt Service

 $        16,429.74

 

 

Existing Budget

$ 27,342,440.47              

 

 

Additional Appropriation Requested

 

 

 

Total Expenditures

$        16,429.74

 

 

Funding Sources

 

 

 

Existing Department Budget

 

 

 

Please Identify Funding Source Debt Service Tax Revenue

 

 

 

Fund 4701 - Series A-1

$    9,088,129.67

 

 

Fund 4703 - Series C

$    2,383,782.04

 

 

Fund 4704 - Series D

$    9,526,762.66

 

 

Fund 4450 - Series H

$    6,343,766.10

 

 

Total Sources

$  27,342,440.47

 

 

 

Alternatives:

 N/A 

 

Alignment with Strategic Objective:

N/A

                     

Attachments:

N/A