Laserfiche WebLink
Board of Directors <br />Paris Economic Development Corporation <br />Opinions <br />In our opinion, the financial statements referred to above present fairly, in all material respects, the respective <br />financial position of the governmental activities of PEDC as of September 30, 2016, and the respective changes in <br />financial position and, where applicable, cash flows thereof for the year then ended in accordance with accounting <br />principles generally accepted in the United States of America. <br />Other Matters <br />Required Supplementary Information <br />Accounting principles generally accepted in the United States of America require that the Budgetary Comparison <br />Schedule be presented to supplement the basic financial statements. Such information, although not a part of the <br />basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an <br />essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, <br />or historical context. We have applied certain limited procedures to the required supplementary information in <br />accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries <br />of management about the methods of preparing the information and comparing the information for consistency with <br />management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during <br />our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information <br />because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any <br />assurance. <br />Management has not presented Management's Discussion and Analysis that governmental accounting principles <br />generally accepted in the United States of America require to be presented to supplement the basic financial <br />statements. Such missing information, although not a part of the basic financial statements, is required by the <br />Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing <br />the basic financial statements in an appropriate operational, economic, or historical context. Our opinion on the <br />basic financial statements is not affected by this missing information. <br />Other Information <br />Our audit was conducted for the purpose of forming opinions on the financial statements that collective comprise <br />the PEDC basic financial statements. The Continuing Disclosure Information is presented for purposes of additional <br />analysis and is not a required part of the basic financial statements. The Continuing Disclosure Information has not <br />been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we <br />do not provide an opinion or any assurance on them. <br />McClanahan andMofines, LL1' <br />Certified Public Accountants <br />February 7, 2017 <br />Paris, Texas <br />