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Item No. 7 <br />Memorandum <br />TO: Mayor & City Council <br />Grayson Path, City Manager <br />FROM: Gene Anderson, Finance Director <br />SUBJECT: MAY 2020 FINANCIAL REPORT <br />DATE: June 22, 2020 <br />BACKGROUND: Section 69 (3) of the Paris City Charter requires the Finance Director to submit <br />to the City Council through the City Manager a monthly statement of all receipts and <br />disbursements. The attached report satisfies that requirement. <br />STATUS OF ISSUE: This report updates the City Council on the City's financial activities through <br />the month stated in the subject line. <br />BUDGET: Not affected by this report. <br />RECOMMENDATION: Motion to receive the monthly financial report. <br />