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<br />Regular City Council Meeting <br />February 26, 2007 <br />Page 6 <br /> <br />PARTICIPATION WITH THE ATMOS CITIES STEERING COMMITTEE; <br />AUTHORIZING THE PAYMENT OF TEN CENTS ($0.10) PER CAPITA TO <br />THE A TMOS CITIES STEERING COMMITTEE TO FUND REGULA TORY <br />AND RELATED ACTIVITIES RELATED TO ATMOS ENERGY <br />CORPORATION; MAKING OTHER FINDINGS AND PROVISIONS <br />RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. <br /> <br />A Motion to approve this item was made by Council Member Fisher and seconded by <br />Council Member Freelen. Motion carried, 6 ayes - 0 nays. <br /> <br />C. RESOLUTION NO. 2007 -030: A RESOLUTION OF THE CITY COUNCIL OF <br />THE CITY OF PARIS, TEXAS, AUTHORIZING THE CITY MANAGER TO <br />PROPOSE A CASH SETTLEMENT TO PREPAY THE PAT MA YSE <br />RESERVOIR PURCHASE CONTRACT FOR WATER RIGHTS; MAKING <br />OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND <br />PROVIDING AN EFFECTIVE DATE. <br /> <br />A Motion to approve this item was made by Council Member Fendley and seconded by <br />Council Member Wilson. Motion carried, 6 ayes - 0 nays. <br /> <br />D. RESOLUTION NO. 2007-031: A RESOLUTION OF THE CITY COUNCIL OF <br />THE CITY OF PARIS, TEXAS, APPROVING AND AUTHORIZING THE <br />EXECUTION OF A LEASE AGREEMENT WITH THE GIRL SCOUT <br />COUNCIL OF RED RIVER VALLEY FOR A CERTAIN AREA ON LAKE <br />GIBBONS PROPERTY; MAKING OTHER FINDINGS AND PROVISIONS <br />RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. <br /> <br />A Motion to approve this item was made by Council Member Freelen and seconded by <br />Council Member Fendley. Motion carried, 6 ayes - 0 nays. <br /> <br />9. Receipt and discussion of the independent annual audit. <br /> <br />Tom Hensel with the accounting firm of McClanahan and Holmes, presented a report <br />of the independent annual audit to City Council. Specifically, Mr. Hensel referred Council to <br />page 20 and pointed out that the total revenues were $1,749,256.00 more than originally <br />budgeted. He further stated the total expenditures were $1,222,563.00 less than originally <br />budgeted. He also pointed out that the fund balance increased by $2,937,701.00. Council <br />Member Wilson stated that it was important for citizens to know that the City was <br />$3,499,000.00 better offin the general fund than it was a year ago. Tom Hensel reported it was <br />a significant increase. With regard to the water and sewer fund, Mr. Hensel said the City was <br />less than $100,000.00 in the negative compared to $2,500,000.00 in the negative in 2004. <br /> <br />- -- - r <br />