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Item No. 7 <br />memorandum <br />TO: Mayor, Mayor Pro Tem & Paris City Council <br />CC: Grayson Path, City Manager <br />FROM: Maureen Hammond, Executive Director of Paris Economic Development Corp. <br />SUBJECT: PEDC's Approved Budgets for FY 2023-2024 <br />DATE: August 2, 2023 <br />BACKGROUND: <br />Pursuant to Section 8.03 of the PEDC Bylaws, proposed budgets for the 2023-2024 fiscal year <br />were brought before the PEDC Board for approval during their July 18, 2023, meeting. The Board <br />has.approved the attached budgets, 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 l deadline (approved budgets were sent to City <br />Manager and Finance Director on 7/19/23). <br />STATUS OF ISSUE: <br />Attached budgets were approved by Paris EDC Board on July 18, 2023. <br />BUDGET: <br />See attached for the Paris EDC's Approved Budgets for FY 2023-2024. <br />RECOMMENDATION: <br />Accept the budget for inclusion in the City Manager's annual budget to be presented to the City <br />Council. <br />