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Item No. 12 <br />1V�emorandum <br />TO: Mayor & City Council <br />Grayson Path, City Manager <br />FROM: PEDC Board/Maureen Hammond, Executive Director <br />SUBJECT: PEDC's Approved Budget for FY 2022-2023 <br />DATE: July 25, 2022 <br />OK"WORMW <br />Pursuant to Section 8.03 of the PEDC Bylaws, a proposed budget for the 2022-2023 fiscal year <br />was brought before the PEDC Board for approval during their July 19, 2022 meeting. The Board <br />has approved the proposed budget, and per Section 8.03, we are submitting the budget to the City <br />Manager for inclusion in his annual budget to be presented to the City Council in accordance with <br />the Charter of the City of Paris before the August 1 deadline. <br />STATUS OF ISSUE: <br />Budget approved by Paris EDC Board on July 19, 2022. <br />BUDGET: <br />See attached for the Paris EDC's Proposed Budget for FY 2022-2023, as well an excerpt from the <br />PEDC Bylaws containing Section 8.03 for reference. <br />RECOMMENDATION: <br />Accept the budget for inclusion in the City Manager's annual budget to be presented to the City <br />Council. <br />