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Item No. 25 <br />Memorandum <br />TO: Mayor, Mayor Pro -Tem, and City Council <br />Grayson Path, City Manager <br />FROM: Gene Anderson, Finance Director <br />SUBJECT: ANNUAL COMPREHENSIVE FINANCIAL REPORT (ACFR) <br />FISCAL YEAR ENDING 9-30-22 <br />DATE: November 13, 2023 <br />BACKGROUND: Section 33 of the Paris City Charter requires the City to have an annual audit <br />prepared by an independent Certified Public Accountant. Our practice is to provide the Council <br />with a copy of the report when it is completed. Normally this is accomplished via a consent agenda <br />item. However, we thought a brief presentation by McClanahan & Holmes, LLC might be in order <br />to discuss the parts of the ACFR one of which is the auditor's opinion on the financial statements. <br />STATUS OF ISSUE: This report updates the City Council on the City's financial condition and <br />financial activities for the year ending 9-30-2022. <br />BUDGET: N/A <br />RECOMMENDATION: No action is required by the Council. <br />