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Is MCCLANAHAN
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<br />INDEPENDENT AUDITORS' REPORT
<br />Honorable Mayor,
<br />Members of the City Council,
<br />and City Manager
<br />City of Paris, Texas
<br />Opinions
<br />1400 W. Russell
<br />Bonham, TX 75418
<br />903-583-5574
<br />Fax 903-583-9453
<br />We have audited the accompanying financial statements of the governmental activities, the business -type activities,
<br />the discretely presented component unit, each major fund, and the aggregate remaining fund information of the City
<br />of Paris, Texas (the City), as of and for the year ended September 30, 2025, and the related notes to the financial
<br />statements, which collectively comprise the City's basic financial statements as listed in the table of contents.
<br />In our opinion, the financial statements referred to above present fairly, in all material respects, the respective
<br />financial position of the governmental activities, the business -type activities, the discretely presented component
<br />unit, each major fund, and the aggregate remaining fund information of the City, as of September 30, 2025, and the
<br />respective changes in financial position and, where applicable, cash flows thereof and the respective budgetary
<br />comparison schedule for the General Fund for the year then ended in accordance with accounting principles
<br />generally accepted in the United States of America.
<br />Basis for Opinions
<br />We conducted our audit in accordance with auditing standards generally accepted in the United States of America.
<br />Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the
<br />Financial Statements section of our report. We are required to be independent of the City, and to meet our other
<br />ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the
<br />audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
<br />Change in Accounting Principle
<br />As discussed in Note I. J., the City adopted new accounting guidance, GAS13 Statement No. 101, Compensated
<br />Absences. Our opinions are not modified with respect to this matter.
<br />Responsibilities of Management for the Financial Statements
<br />Management is responsible for the preparation and fair presentation of the financial statements in accordance with
<br />accounting principles generally accepted in the United States of America, and for the design, implementation, and
<br />maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free
<br />from material misstatement, whether due to fraud or error.
<br />OLMES , LI.P
<br />xth St. SE
<br />George H. Struve, CPA
<br />Certified Public Accountants
<br />Pads,� TX 75460
<br />Debra J. Wilder, CPA
<br />903-784-4316
<br />Teffany A. Kavanaugh, CPA
<br />Fax 903-784-4310
<br />April J. Hatfield, CPA
<br />Brittany L. Martin, CPA
<br />304 W. Chestnut
<br />Denison, TX 75020
<br />Steven W. Mohundro, CPA,
<br />903-465-6070
<br />of Counsel
<br />Fax 903-+465-6093
<br />Honorable Mayor,
<br />Members of the City Council,
<br />and City Manager
<br />City of Paris, Texas
<br />Opinions
<br />1400 W. Russell
<br />Bonham, TX 75418
<br />903-583-5574
<br />Fax 903-583-9453
<br />We have audited the accompanying financial statements of the governmental activities, the business -type activities,
<br />the discretely presented component unit, each major fund, and the aggregate remaining fund information of the City
<br />of Paris, Texas (the City), as of and for the year ended September 30, 2025, and the related notes to the financial
<br />statements, which collectively comprise the City's basic financial statements as listed in the table of contents.
<br />In our opinion, the financial statements referred to above present fairly, in all material respects, the respective
<br />financial position of the governmental activities, the business -type activities, the discretely presented component
<br />unit, each major fund, and the aggregate remaining fund information of the City, as of September 30, 2025, and the
<br />respective changes in financial position and, where applicable, cash flows thereof and the respective budgetary
<br />comparison schedule for the General Fund for the year then ended in accordance with accounting principles
<br />generally accepted in the United States of America.
<br />Basis for Opinions
<br />We conducted our audit in accordance with auditing standards generally accepted in the United States of America.
<br />Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the
<br />Financial Statements section of our report. We are required to be independent of the City, and to meet our other
<br />ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the
<br />audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
<br />Change in Accounting Principle
<br />As discussed in Note I. J., the City adopted new accounting guidance, GAS13 Statement No. 101, Compensated
<br />Absences. Our opinions are not modified with respect to this matter.
<br />Responsibilities of Management for the Financial Statements
<br />Management is responsible for the preparation and fair presentation of the financial statements in accordance with
<br />accounting principles generally accepted in the United States of America, and for the design, implementation, and
<br />maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free
<br />from material misstatement, whether due to fraud or error.
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