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<br />[8JAction <br /> <br />CITY OF PARIS, TEXAS <br />CITY COUNCIL AGENDA REQUEST <br />MEETING DATE: I August 13,2007 <br /> <br />D Discussion Dlnformation DRefer to: <br /> <br />SUBMITTED BY: <br /> <br />I Gene Anderson, Finance Director <br /> <br />DESCRIPTION: <br /> <br />Proposals to perform the annual independent audit of the City of Paris financial <br />records. <br /> <br />BACKGROUND INFORMATION: <br /> <br />Section 35 of the city charter states that not less than 30 nor more than 60 days <br />prior to the end of the fiscal year the city council will designate the certified public <br />accountants who will perform an independent audit of the city's financial records. <br />The City requested by advertisement in the Paris News proposals by qualified <br />accountants to perform these services. One proposal was received from <br />McClanahan and Holmes, LLP. The estimated cost is $49,500 compared to the <br />2006 audit which cost $48,150. ' <br /> <br />FISCAL AUTHORITY: <br />BUDGETED: Yes <br /> <br />Account #: 0605 in all of the departments <br /> <br />LEGAL REVIEW: <br /> <br />I <br /> <br />MANAGER'S RECOMMENDATION: <br />