07 - Annual Comprehensive Financial Report

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7 7;� 77 R1�ac ,gip 40'ANDIN, SMPMbt 91r! �,,, March 22, 2022 Mayor Paula P0111.1gal and Members of tine City Council City of Paris, Texas Dear Mayor and Council Members: I am pleased to submit the Annual Comprehensive Financial Report (ACFR) of the City of Paris, Texas, for the fiscal year ended September 30, 2021, The City of Paris is a financial reporting entity as defined by the (Jovernmetit Accounting Standards Board codification section 2100. As such, it has a separately elected governing body chosen by its citizens in a general, popular election, is a legally separate primary government, and is fiscally independent of other state and local governments. The financial reporting entity includes all the funds of the primary government and its component unit, 1he Paris F"conomic Development Corporation (PEDC). More information about FIEDC can be fbUnd in footnote I.B. which deals with reporting entity topics. Thcre are no other potential componern units. The primary purpose of this report is to provide the City Council, citizens, financial community, and others with detailed information concerning the financial condition and performance of the City of` Paris. It is strongly recommended that any user of this report read the Management's Discussion and Analysis, included in the financial section of the report. In addition, this report provides assurance that the City presents fairly its financial position as verified by independent auditors. THE ANNUAL COMPREIIENSIVE FINANCIAL REPORT The Annual Comprehensive Finatichd Report of the, City of Paris, Texas, for the fiscal year ended September 30, 2021„ which folims, was prepared by the Finance Department, The financial staterrients have been audited by McClanahan and Holmes, LLY, CPAs, whose report is included herein. This audit satisf-ics Article 111, Section 35 oftlic City Charter which requires that an annual audit ofall accounts of the City be made by an independent certified public accountant. The City Finance Department is responsible for both the accuracy of' the presented data and the completeness and fairness of the presentations, including all disclosures. I believe the data presented is accurate in all material aspects and is presented in a manner which fairly sets forth the financial position and results of operations of the City, Furthermore, I believe that all disclosures necessary to enable the reader to gam maximum understanding of the City's 1-mancial activity have been included. P.O. BOX 90137 - PARIS, TEXAS 75461-9037 - (903) 785-7511 - FAX (903) 785-8519