Request for approval of the Harris County Investment Policy that has been prepared in accordance with the Public Funds Investment Act.

Staff Report & Agenda Item Details

Two separate motions were made and votes were taken on Item 8. A motion was made by Commissioner Garcia, seconded by Commissioner Ramsey, to direct Office of Management and Budget to provide a quarterly report derived from the investment reports that includes the following information: an investment in liquidity summary that (a) demonstrates how projected investment maturities, liquidity and authorized investment strategies are structured or expected to be structured to support anticipated cash needs, (b) identifies any material timing gaps, liquidity constraints or limitations that may affect the County’s ability to meet submitted needs and describes strategies to address or mitigate such gaps or constraints; to direct the Office of Management and Budget to work with Commissioners’ Offices to establish a process for submitting cash flow needs for upcoming Precinct infrastructure and Flood Control projects to OMB on an annual basis prior to investment decisions; and to direct the Office of Management and Budget to annually submit a report detailing brokerage and bank fees spent, with the first report due February 12, 2026, and the report shall include the date on which the relevant department most recently submitted a cash flow forecast. The motion carried by the following vote: