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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, and each major fund of PEDC as of September 30, 2017, and the <br />respective changes in financial position for the year then ended in accordance with accounting principles generally <br />accepted in the United States of America. <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 omitted management's Discussion and Analysis that accounting principles generally accepted in <br />the United States of America require to be presented to supplement the basic financial statements. Such missing <br />information, although not a part of the basic financial statements, is required by the Governmental Accounting <br />Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial <br />statements in an appropriate operational, economic, or historical context. Our opinion on the basic financial <br />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 collectively comprise <br />PE,DC's 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. <br />The Continuing Disclosure Information has not been subjected to the auditing procedures applied in the audit of the <br />basic financial statements and, accordingly, we do not provide an opinion or any assurance: on it. <br />9 M W-177511 cl V W -F-1 A ro <br />Certified Public Accountants <br />January 31, 2018 <br />Paris, Texas <br />