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C.A.F.R., FY 2008-09
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C.A.F.R., FY 2008-09
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9/28/2010 1:54:44 PM
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<br /> <br /> <br /> <br /> <br /> The City Finance Department is responsible for both the accuracy of the presented data and the completeness and fairness of <br /> the presentations, including all disclosures. I believe the data presented is accurate in all material aspects and is presented in a <br /> manner which fairly sets fort the financial position and results of operations of the City. Furthermore, I believe that all <br /> disclosures necessary to enable the reader to gain maximum understanding of the City's financial activity have been included. <br /> <br /> The financial statements have een prepared in accordance with generally accepted accounting principles as prescribed by the <br /> Governmental Accounting Standards Board (GASB). <br /> <br /> This Comprehensive Annual F ancial Report consists of four parts: <br /> <br /> 1. The Introductory Section includes an organizational chart, list of elected and appointed officials, and this <br /> transmittal letter, which highlights significant aspects of the financial operations during the year and particular <br /> issues faced b the City. <br /> <br /> 2. The Financial Section includes the independent auditors' report, management's discussion and analysis, <br /> financial state ents and related notes, and supplemental financial data. <br /> <br /> 3. The Statistica Section includes several tables of unaudited data depicting the financial history of the City, as <br /> well as demo aphic information of other governmental units overlapping the City and other miscellaneous <br /> statistics. <br /> <br /> 4. The Continu' g Disclosure Information Section contains nineteen tables of financial information required by <br /> the United States Securities and Exchange Commission Rule 15c2-12. These tables provide investors with <br /> updated info ation on all municipal bond issues sold after July 3, 1995. <br /> <br /> The Notes to the Financial S tements are provided in the Financial Section and are considered essential to fair presentation <br /> and adequate disclosure fortis financial report. The notes include the Summary of Significant Accounting Policies for the <br /> City and other necessary disclosures of important matters relating to the financial position of the City. The notes are treated as <br /> an integral part of the financial statements and should be read in conjunction with them. <br /> <br /> General Information Regarding the City and Surrounding County <br /> <br /> The City of Paris is the county seat and principal commercial center of Lamar County and is located at the intersection of <br /> United States Highways 271 and 82, approximately 100 miles northeast of Dallas near the Red River. The City is served by 7 <br /> banks. The City's 2000 census is 25,898, an increase of 4.85% from the 1990 census of 24,699. <br /> <br /> Lamar County (the County) ' located in northeast Texas and borders the State of Oklahoma. The County, which is situated <br /> between the Red River and the Sulphur River, is traversed by United States Highways 271 and 82, State Highways 19 and 24, <br /> and 32 farm-to-market roads. The County's 2000 census is 48,499, an increase of 7.77% over the 1990 census of 45,000. <br /> <br /> The City is a regional medical center serving patients in Northeast Texas and Southeast Oklahoma. Founded in 1911 as St. <br /> <br /> Joseph's Hospital, Paris Regional Medical Center is a 364 bed medical center. It is part of the Essent Health System. Both the <br /> north and south campuses operate fitness centers that offer a wide range of exercise programs and equipment. It compliments <br /> the City's 130 doctors and 21 dentists that provide a wide range of general and special medical services. <br /> <br /> <br /> <br /> <br /> I-2 <br />
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