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.
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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
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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
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$
Non-Labor Expenditures
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$
$
Total Incremental Expenditures
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$
$
Funding Sources (do NOT write values in thousands or millions)
Existing Budget
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$
$
$
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$
$
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