Department: Management and Budget
Department Head/Elected Official: Daniel Ramos, Executive Director, Office of Management and Budget
Regular or Supplemental RCA: Regular RCA
Type of Request: Financial Authorization
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 a reimbursement resolution relating to the intention of Harris County to reimburse itself for the prior lawful expenditures of funds relating to parks capital projects from the proceeds of tax-exempt commercial paper notes to be issued by Harris County.
end
Background and Discussion:
On November 8, 2022, Harris County voters approved $200 million bonds for parks. Some Precincts may have already spent cash on parks. A reimbursement resolution is a way Precincts can be reimbursed for monies spent on park capital expenditures and instead be charged to commercial paper allocation from the 2022 voted authority. Any capital expenses for the parks incurred 60 days prior to the date commissioners court approves the reimbursement resolution can be reimbursed with commercial paper.
Expected Impact:
Parks capital expenditures will be financed with debt rather than cash.
Alternative Options: N/A
Alignment with Goal(s):
_ Justice and Safety
_ Economic Opportunity
_ Housing
_ Public Health
_ Transportation
_ Flooding
X Environment
_ Governance and Customer Service
Prior Court Action (if any):
Date
Agenda Item #
Action Taken
Location:
Address (if applicable): N/A
Precinct(s): Countywide
Fiscal and Personnel Summary
Service Name
FY 23
FY 24
Next 3 FYs
Incremental Expenditures (do NOT write values in thousands or millions)
Labor Expenditures
$
$
$
Non-Labor Expenditures
$
$
$
Total Incremental Expenditures
$
$
$
Funding Sources ...
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