C.A.F.R., FY 2008-09 - Laserfiche WebLink

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I MCCLANAHAN AND HOLMES, LLP CERTIFIED PUBLIC ACCOUNTANTS R. FRANK RAY, CPA 228 SIXTH STREET, S.E. PARIS, TEXAS 75460 R. E. BOSTWICK, CPA 903-784-4316 STEVEN W. MOHUNDRO, CPA FAX 903-784 4310 GEORGE H. STRUVE, CPA ANDREW B. REICH, CPA 304 WEST CHESTNUT RUSSELL P. WOOD, CPA DENISON, TEXAS 75020 903-465-6070 FAX 903-465-6093 1400 WEST RUSSELL BONHAM, TEXAS 75418 Unqualified Opinions on Financial Statements 903-583-5574 FAX 903-583-9453 Accompanied by Required Supplementary Information and Supplementary Information Independent Auditors' Report Honorable Mayor and City Council City of Paris, Texas We have audited the acco panying financial statements of the governmental activities, the business-type activities, the discretely presented component unit, each major fund, and the aggregate remaining fund information including the budgetary comparison of the City of Paris, Texas, as of and for the year ended September 30, 2009, which collectively comprise the City's fina cial statements as listed in the table of contents. These financial statements are the responsibility of the City of Paris, Texas' management. Our responsibility is to express opinions on these financial statements based on our au it. We conducted our audit ' accordance with auditing standards generally accepted in the United States of America and the standards applicable t financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financia statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the ounts and disclosures in the financial statements. An audit also includes assessing the accounting principles use and significant estimates made by management, as well as evaluating the overall financial statement presentation. W believe that our audit provides a reasonable basis for our opinions. In our opinion, the financi 1 statements referred to above present fairly, in all material respects, the respective financial position of the governmen 1 activities, the business-type activities, the discretely presented component unit, each major fund, and the aggregate remaining fund information including the budgetary commparison of the City of Paris, Texas, as of September 30, 2009, and the respective changes in financial position and cash flows, where applicable, thereof for the year then ended in conformity with accounting principles generally accepted in the United States of America. In accordance with Gove ent Auditing Standards, we have also issued our report dated March 29, 2010, on our consideration of the City f Paris, Texas', internal control over financial reporting and on our tests of its compliance with certain provisions of aws, regulations, contracts, grants, agreements, and other matters. The purpose of that report is to describe the scope o our testing of internal control, our financial reporting, or on compliance. That report is an integral part of an audit rformed in accordance with Government Auditing Standards and should be considered in assessing the results of ou audit. The management's discussion and analysis on pages through are not a required part of the financial statements but are supplementary inform tion required by accounting principles generally accepted in the United States of America. We have applied certain limited procedures, which consisted principally of inquiries of management regarding the methods of measurement nd presentation of the required supplementary information. However, we did not audit the information and express n opinion on it. 1 AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS