Consider and take action on Ordinance No. 2023-04, amending the City's fiscal year 2022-2023 budget to create a fund and funding for the Texas City Commission Grant program.

The Texas City Commission Community Grant program was initiated in late Fiscal Year 2021-2022.  Each member of the Commission can grant, to a qualifying entity with Commission approval, a total of $5,000 per fiscal year.  This equates to a grand total of $35,000 available per fiscal year.  Funding was made possible through a transfer from the Texas City Dike Fund to the General Fund.  In Fiscal Year 2021-2022, grants totaling $6,000 were issued.  In Fiscal Year 2022-2023, grants totaling $18,500 have been issued.

For increased transparency, creation of a new fund is recommended.  Budget amendment:

Texas City Dike Fund (Fund 279):
Transfer to Fund 220 (279-000-59101)               $35,000.00
Unassigned Fund Balance (279-000-39000)    ($35,000.00)

Texas City Commission Community Grant (Fund 220) Administration (Department 101):
Grants (220-101-54901)                                    $35,000.00
Transfer from Dike Fund  (220-000-49036)      ($35,000.00)