An amendment to the City of Texas City's Fiscal Year 2015-16 Budget is needed to increase the fund balance of the windstorm insurance fund.

In September 2012, City Commission established a windstorm insurance fund with a beginning fund balance of $750,000.  The City is self-insured for windstorm damage except for the following facilities: Nessler Center/Doyle Convention Center, Texas City Museum, and Lowry Fitness Center/Natatorium.

With increased costs and increased values, it is prudent for the city to increase the fund balance of the windstorm fund.

Budget amendment is as follows:

General Fund (fund 101):
Transfer to Windstorm Insurance Fund   $250,000.00
Unassigned Fund Balance                    ($250,000.00)

Windstorm Insurance Fun (fund 603):
Windstorm damage expenses               $250,000.00
Transfer from Genera Fund                  ($250,000.00)