Department: Management and Budget
Department Head/Elected Official: Daniel Ramos, Executive Director
Regular or Supplemental RCA: Regular RCA
Type of Request: Policy
Project ID (if applicable): N/A
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 of the Harris County Investment Policy that has been prepared in accordance with the Public Funds Investment Act.
end
Background and Discussion:
The following proposed changes have been updated on the Harris County Investment Policy to be effective October 1, 2022:
• Changed Debt Service Funds and General Concentration Pool maximum maturity from three (3) years to five (5) years, added Mobility & Infrastructure with a maximum maturity of five (5) years, and removed Custodial & Fiduciary Funds under Section 5.06 Maturity.
• Added Academy Securities (Disabled Veteran-Owned), Multi Bank Securities (Disabled Veteran-Owned), and RBC Capital Markets and removed Mesirow Financial, PNC Capital Markets, and Truist Securities on Exhibit “B” under Approved Banks and Broker/Dealers.
Expected Impact:
N/A
Alternative Options:
N/A
Alignment with Goal(s):
N/A
_ Justice and Safety
_ Economic Opportunity
_ Housing
_ Public Health
_ Transportation
_ Flooding
_ Environment
_ Governance and Customer Service
Prior Court Action (if any):
Date |
Agenda Item # |
Action Taken |
N/A |
N/A |
N/A |
Location:
Address (if applicable):
Precinct(s): Choose an item.
Fiscal and Personnel Summary |
Service Name |
|
|
SFY 22 |
FY 23 |
Next 3 FYs |
Incremental Expenditures (do NOT write values in thousands or millions) |
Labor Expenditures |
$ |
$ |
$ |
Non-Labor Expenditures |
$ |
$ |
$ |
Total Incremental Expenditures |
$ |
$ |
$ |
Funding Sources (do NOT write values in thousands or millions) |
Existing Budget |
Choose an item. |
$ |
$ |
$ |
Choose an item. |
$ |
$ |
$ |
Choose an item. |
$ |
$ |
$ |
Total Current Budget |
$ |
$ |
$ |
Additional Budget Requested |
Choose an item. |
$ |
$ |
$ |
Choose an item. |
$ |
$ |
$ |
Choose an item. |
$ |
$ |
$ |
Total Additional Budget Requested |
$ |
$ |
$ |
Total Funding Sources |
$ |
$ |
$ |
Personnel (Fill out section only if requesting new PCNs) |
Current Position Count for Service |
- |
- |
- |
Additional Positions Requested |
- |
- |
- |
Total Personnel |
- |
- |
- |
Anticipated Court Date:
Anticipated Implementation Date: N/A
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 & Budget
Attachments (if applicable): Investment Policy