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Item No. 13 <br />memorandum <br />TO: City Council <br />John Godwin, City Manager <br />FROM: Michael Paris, PEDC Executive Director <br />SUBJECT: PEDC 2016-2017 BUDGET AMENDMENTS <br />DATE: September 25, 2017 <br />BACKGROUND: The Paris EDC Board has requested that the following amendments to its <br />2016-2017 Budget be approved by the City Council as required by the PEDC bylaws. Attached <br />to this memo is a worksheet containing columns for the current PEDC budget, the changes <br />requested and the amended budget amounts. These changes are necessitated by three pay periods <br />in September 2017 and the recent payout of incentives to Bodyguard. <br />STATUS OF ISSUE: The PEDC Board approved the changes to the budget at the <br />September 22, 2017, Board meeting and requests that the City Council approve the <br />budget changes. <br />BUDGET: These amendments do not increase the total PEDC budget. <br />RECOMMENDATION: Motion to approve the requested amendments to the 2016-2017 PEDC <br />budget. <br />