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154 <br /> <br /> <br /> Boardmember Curtis Fendley made a motion, seconded by <br /> Boardmember Barney Bray that the amended Annual Plan of Work <br /> for 1995/1996 as amended be adopted. The motion carried <br /> unanimously.. <br /> <br /> President Cecil stated the next item on the agenda was approval <br /> of the Annual Budget for fiscal year !995/1996. He said that <br /> Mr. Anderson and Mr. Vest had been working on this item. Mr. <br /> Anderson went over the proposed figures for the 1995/1996 <br /> budget. He said in order to give the Board as much freedom as <br /> possible, they budgeted all the anticipated revenues plus the <br /> anticipated carry forward, so that any money that the Board had <br /> would be available to work within the budget document itself. <br /> Mr. Anderson stated the effective date of this budget would be <br /> October, 1, 1995, thru September 30, !996, which corresponds <br /> with the City's 1995/1996 budget period. <br /> <br /> President Cecil advised that he felt in the proposed budget as <br /> in the Annual Plan of Work the expansion of staff would have to <br /> be eliminated at this time and subject to an amendment after a <br /> decision is reached. He said for purposes of approving the <br /> budget at this meeting this amount will be eliminated. <br /> <br /> Res. 95-008, in keeping with Section 8.03 of its bylaws, <br /> directing the Secretary/Treasurer to deliver the Paris Economic <br /> Development Corporation budcet as amended for 1995/1996 to the <br /> <br /> City Manager of the City of Paris on or before June 30, 1995, <br /> for inclusion in his annual budget to be presented to the City <br /> Council in accordance with the Charter of the City of Paris. <br /> <br /> RESOLUTION NO. 95-008 <br /> <br /> WHEREAS, the Paris Economic Development Corporation, in keeping with Section 8.03 <br /> of its bylaws, is obligated to have a proposed budget prepared, approved and delivered to the <br /> City Manager of the City of Paris on or before June 30 of each year for inclusion in his annual <br /> budget to be presented to the City Council in accordance with the Charter of the City of Paris; <br /> and, <br /> <br /> WHEREAS, the budget attached hereto as Exhibit A is hereby presented by the <br /> Secretary-Treasurer, and it is appropriate that such budget be approved; NOW THEREFORE; <br /> <br /> BE IT RESOLVED BY THE PARIS ECONOMIC DEVELOPMENT <br /> CORPORATION, that the budget attached hereto as Exhibit A be, and the same is hereby, <br /> approved; and, <br /> <br /> BE IT FURTHER RESOLVED, that the Secretary-Treasurer be, and he is hereby, <br /> directed to deliver the budget attached hereto as Exhibit A to the City Manager of the City of <br /> Paris for inclusion in his annual budget to be presented to the City Council in accordance with <br /> the Charter of the City of Paris. <br /> <br /> PASSED AND ADOPTED this 14th day of June, 1995. <br /> <br /> Philip R. Cecil, President <br /> <br /> <br />