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IS <br />ECONOMIC DEVELOPMENT CORPORATION <br />Where Texans Reach higher <br />TO: Mayor, Mayor Pro Tem & Paris City Council <br />CC: Rob Vine, Interim City Manager <br />DATE: July 22, 2024 <br />FROM: Maureen Hammond, Executive Director of Paris Economic Development Corp. <br />SUBJECT: PEDC's Approved Budgets for FY 2024-2025 <br />BACKGROUND: <br />Pursuant to Section 8.03 of the PEDC Bylaws, proposed budgets for the 2024-2025 fiscal year were <br />brought before the PEDC Board for approval during their July 12, 2024, Planning Session meeting. The <br />Board 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 the <br />Charter of the City of Paris before the August 1 deadline (approved budgets were sent to Interim City <br />Manager and Finance Director on 7/19/24). <br />STATUS OF ISSUE: <br />Attached budgets were approved by Paris EDC Board on July 12, 2024. <br />BUDGET: <br />See attached for the Paris EDC's Approved Budgets for FY 2024-2025. <br />RECOMMENDATION: <br />Accept the budget for inclusion in the City Manager's annual budget to be presented to the City Council. <br />