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Item No. 19 <br />memorandum <br />TO: City Council <br />John Godwin, City Manager <br />FROM: Michael Paris, PEDC Executive Director <br />SUBJECT: PEDC 2017 -2018 ANNUAL BUDGET <br />DATE: August 21, 2017 <br />BACKGROUND: The Paris EDC Board met on August 18, 2017 to discuss and approve a <br />budget for fiscal year 2017 -2018. <br />STATUS OF ISSUE: The PEDC Board discussed and approved the attached 2017 -2018 Budget <br />on August 18, 2017, and requests that it be approved by the City Council as required by the <br />PEDC bylaws. <br />BUDGET: N/A <br />RECOMMENDATION: Motion to approve the proposed 2017 -2018 PEDC Budget. <br />