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File #: 22-5355    Version: 1 Name:
Type: Commercial Paper Status: Passed
File created: 8/29/2022 In control: Commissioners Court
On agenda: 9/13/2022 Final action: 9/13/2022
Title: Request for approval to decrease the Office of the County Engineer commercial paper funding for the NRG Assessment project in the amount of $118,000 for a net CP funding of $947,000.

Department: Management and Budget

Department Head/Elected Official: Daniel Ramos, Executive Director

 

Regular or Supplemental RCA: Regular RCA

Type of Request: Commercial Paper

 

Project ID (if applicable): MF0CT

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

 

MWDBE Contracted Goal (if applicable): N/A

MWDBE Current Participation (if applicable): N/A

Justification for 0% MWDBE Participation Goal:  N/A - Goal not applicable to request

 

Request Summary (Agenda Caption):

title

Request for approval to decrease the Office of the County Engineer commercial paper funding for the NRG Assessment project in the amount of $118,000 for a net CP funding of $947,000.

end

 

Background and Discussion:

Commercial Paper Series D can be used for (1) construction of public works, (2) the purchase of automobiles, equipment and machinery, including computers, materials and supplies for the operation of the County’s precincts and departments (3) Professional services, including services provided by engineers, architects, attorneys, auditors, financial advisors, and fiscal agents, in connection with the contractual obligations described in (1) and (2).

 

Engineering requests to close out the NRG Assessment project.

 

Commercial Paper is expected to be repaid within the next three fiscal years either through bonds, budgetary means or pay-as-you-go sources.

 

Expected Impact:

CP funding reduction increases CP capacity.

 

Alternative Options:

N/A

 

Alignment with Goal(s):

_ Justice and Safety

_ Economic Opportunity

_ Housing

_ Public Health

_ Transportation

_ Flooding

_ Environment

X Governance and Customer Service

 

Prior Court Action (if any):

Date

Agenda Item #

Action Taken

01/09/2018

1d1

Project authorization

01/30/2018

4e3

CP funding allocated

 

 

Location:

Address (if applicable): N/A

Precinct(s): Countywide

 

Fiscal and Personnel Summary

Service Name

NRG Assessment

 

SFY 22

FY 23

Next 3 FYs

Incremental Expenditures (do NOT write values in thousands or millions)

Labor Expenditures

$

$

$

Non-Labor Expenditures

($118,000)

$

$

Total Incremental Expenditures

($118,000)

$

$

Funding Sources (do NOT write values in thousands or millions)

Existing Budget

Commercial Paper

($118,000)

$

$

Choose an item.

$

$

$

Choose an item.

$

$

$

Total Current Budget

($118,000)

$

$

Additional Budget Requested

Choose an item.

$

$

$

Choose an item.

$

$

$

Choose an item.

$

$

$

Total Additional Budget Requested

$

$

$

Total Funding Sources

($118,000)

$

$

Personnel (Fill out section only if requesting new PCNs)

Current Position Count for Service

-

-

-

Additional Positions Requested

-

-

-

Total Personnel

-

-

-

 

Anticipated Court Date: September 13, 2022

Anticipated Implementation Date (if different from Court 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): N/A