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McClanahan and Holmes, LLP
<br />CERTIFIED PUBLIC ACCOUNTANTS
<br />INDEPENDENT AUDITORS' REPORT
<br />Honorable Mayor and City Council
<br />City of Paris, Texas
<br />We have audited the accompanying financial statements of the governmental activities, the business -type activities,
<br />the discretely presented component unit, each major fund, and the aggregate remaining fund information including
<br />the budgetary comparison of the City of Paris, Texas, as of and for the year ended September 30, 2021, and the
<br />related notes to the financial statements, which collectively comprise the City's basic financial statements as listed in
<br />the table of contents.
<br />Management's Responsibility for the Financial Statements
<br />Management is responsible for the preparation and fair presentation of these financial statements in accordance with
<br />accounting principles generally accepted in the United States of America; this includes the design, implementation,
<br />and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are
<br />free from material misstatement, whether due to fraud or error.
<br />Auditors' Responsibility
<br />Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit
<br />in accordance with auditing standards generally accepted in the United States of America. Those standards require
<br />that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free
<br />from material misstatement.
<br />An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial
<br />statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of
<br />material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments,
<br />the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial
<br />statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of
<br />expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion.
<br />An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of
<br />significant accounting estimates made by management, as well as evaluating the overall presentation of the financial
<br />statements.
<br />We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit
<br />opinions.
<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, the business -type activities, the discretely presented component
<br />228 SIXTH STREET S.E.
<br />PARIS, TEXAS 75460
<br />STEVEN W. MOHUNDRO. CPA
<br />903-784-4316
<br />GEORGE H. STRUVE, CPA
<br />FAX 903-784.4310
<br />DEBRA J. WILDER, CPA
<br />---.
<br />TEFFANY A. KAVANAUGH, CPA
<br />304 WEST CHESTNUT
<br />APRIL J. HATFIELD, CPA
<br />DENISON, TEXAS 75020
<br />BRITTANY L. MARTIN, CPA
<br />903465-6070
<br />FAX 903465-6093
<br />1400 WEST RUSSELL
<br />BONHAM, TEXAS 75418
<br />903-583-5574
<br />FAX 903-583-9453
<br />INDEPENDENT AUDITORS' REPORT
<br />Honorable Mayor and City Council
<br />City of Paris, Texas
<br />We have audited the accompanying financial statements of the governmental activities, the business -type activities,
<br />the discretely presented component unit, each major fund, and the aggregate remaining fund information including
<br />the budgetary comparison of the City of Paris, Texas, as of and for the year ended September 30, 2021, and the
<br />related notes to the financial statements, which collectively comprise the City's basic financial statements as listed in
<br />the table of contents.
<br />Management's Responsibility for the Financial Statements
<br />Management is responsible for the preparation and fair presentation of these financial statements in accordance with
<br />accounting principles generally accepted in the United States of America; this includes the design, implementation,
<br />and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are
<br />free from material misstatement, whether due to fraud or error.
<br />Auditors' Responsibility
<br />Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit
<br />in accordance with auditing standards generally accepted in the United States of America. Those standards require
<br />that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free
<br />from material misstatement.
<br />An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial
<br />statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of
<br />material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments,
<br />the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial
<br />statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of
<br />expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion.
<br />An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of
<br />significant accounting estimates made by management, as well as evaluating the overall presentation of the financial
<br />statements.
<br />We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit
<br />opinions.
<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, the business -type activities, the discretely presented component
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