Laserfiche WebLink
Item No. 9 <br />TO: Mayor, Mayor Pro -Tem, and City Council <br />Robert Vine, Interim City Manager <br />FROM: Gene Anderson, Finance Director <br />SUBJECT: ANNUAL COMPREHENSIVE FINANCIAL REPORT (ACFR) <br />FISCAL YEAR ENDING 9-30-23 <br />DATE: January 13, 2025 <br />BACKGROUND: Article III Paragraph 33 of the Paris City Charter requires the City of Paris to <br />have an annual audit prepared by an independent Certified Public Accountant. Our practice is to <br />provide the Council with a copy of the report when it is completed. <br />STATUS OF ISSUE: This report provides the City Council with the City's audited financial <br />condition and reports on the City's financial activities for the year ending 9-30-2023. The City <br />received the desired "unmodified" opinion on the financial statements which means the auditors <br />believe that the financial statements present fairly the financial position of the City without the <br />need to qualify their professional opinion in any way. <br />BUDGET: N/A <br />RECOMMENDATION: No action is required by the Council as the governing body is just <br />receiving this report. <br />