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File #: 21-6332    Version: 1 Name:
Type: Commercial Paper Status: Agenda Ready
File created: 11/15/2021 In control: Commissioners Court
On agenda: 11/30/2021 Final action:
Title: Request for approval to pay commercial paper interest.
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Department: Management and Budget

Department Head/Elected Official: David Berry, County Administrator

 

Regular or Supplemental RCA: Regular RCA

Type of Request: Commercial Paper

 

Project ID (if applicable): N/A

Vendor/Entity Legal Name (if applicable): N/A

MWDBE Participation (if applicable): N/A

 

Request Summary (Agenda Caption):

title

Request for approval to pay commercial paper interest.

end

 

Background and Discussion:

Financial Management Section of the Office of Management and Budget requests approval to pay interest on the following outstanding paper balance.

 

 

 

 

 

Series

Principal Amount

Interest Due

Payable Date

A-1

$8,596,000

$1,318.84

12/8/2021

A-1

$800,000

$101.26

12/8/2021

B

$9,675,000

$1,484.38

12/8/2021

C

$11,445,000

$1,755.95

12/8/2021

C

$250,000

$31.64

12/8/2021

D

$43,124,000

$6,616.28

12/8/2021

D

$640,000

$81.01

12/8/2021

D

$1,900,000

$163.97

12/8/2021

D-2

$700,000

$96.66

12/2/2021

Total

$11,649.99

 

 

Expected Impact: N/A

 

Alternative Options: N/A

 

Alignment with Goal(s):

_ Justice and Safety

_ Economic Opportunity

_ Housing

_ Public Health

_ Transportation

_ Flooding

_ Environment

_ Governance and Customer Service

 

Prior Court Action (if any): N/A

Date

Agenda Item #

Action Taken

 

 

 

 

Location:

Address (if applicable):

Precinct(s): Countywide

 

Fiscal and Personnel Summary

Service Name

CP Interest Payment

FY 21-22

Estimates

 

 

 

FY 22

Next 3 FYs

Incremental Expenditures

Labor Expenditures

-

-

-

Non-Labor Expenditures

11,649.99

-

-

Total Incremental Expenditures

11,649.99

-

-

Funding Sources (General Fund, PIC Fund, Debt or CP, Grants, or Other - Please Specify)

Existing Budget

Debt Service Ad Valorem Tax

11,649.99

-

-

 

-

-

-

-

 

-

-

-

-

Total Current Budget

11,649.99

-

-

Additional Budget Requested

-

-

-

-

 

-

-

-

-

 

-

-

-

-

Total Additional Budget Requested

-

-

-

Total Funding Sources

11,649.99

-

-

Personnel (Fill out section only if requesting new PCNs)

Current Position Count for Service

-

-

-

Additional Positions Requested

-

-

-

Total Personnel

-

-

-

 

Anticipated Implementation Date: November 30, 2021

Emergency/Disaster Recovery Note: Not an emergency, disaster, or COVID-19 related item

Contact(s) name, title, department: Amy Perez, Financial Management, Office of Management and Budget

Attachments (if applicable): N/A