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Item No. 14 <br />memorandum <br />TO: City Council <br />John Godwin, City Manager <br />FROM: Michael Paris, PEDC Executive Director <br />SUBJECT: PEDC 2016 -2017 ANNUAL BUDGET <br />DATE: July 18, 2016 <br />BACKGROUND: The Paris EDC Board will be meeting on July 21, 2016, to discuss and <br />possibly approve a budget for fiscal year 2016 -2017. <br />STATUS OF ISSUE: The PEDC Board will be discuss and possibly approve the attached 2016- <br />2017 Budget on July 21, 2016, and requests that it be approved by the City Council as required <br />by the PEDC bylaws. If the PEDC Board makes any changes to the 2016 -2017 Budget, the <br />Executive Director will inform the City Council of those changes. <br />BUDGET: N/A <br />RECOMMENDATION: Motion to approve the proposed 2016 -2017 PEDC Budget. <br />