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CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: <br />04/02/ 12 <br />Originating Department: <br />Presented By: <br />Agenda Item No.: <br />Council Date: <br />04/09/12 <br />Gene Anderson <br />Finance <br />9. <br />RECOMMENDED MOTION: <br />Move to accept the comprehensive annual financial report for the City of Paris as presented. <br />POLICY ISSUE(S): <br />Financial oversight of the municipal government. <br />BACKGROUND: <br />Section 35 of the City Charter charges the Council with selecting a qualified public accountant to <br />conduct an independent audit of the City's financial records. Section 69(4) of the City Charter directs <br />the finance director to prepare a complete financial report as of the end of each fiscal year. The attached <br />report meets the requirements of both of these sections for the fiscal year ending 9-30-2011 in that it <br />represents the finance director's report that has been audited by the accounting firm selected by the City <br />Council. <br />A representative of McClanahan and Holmes, LLP will be available to answer questions. <br />BOARD/COMMISSION RECOMMENDATION: <br />EXHIBITS: <br />Report <br />ACTION: <br />BUDGET INFO: <br />❑ Financial Report ❑ Minute Order <br />Expense <br />$ <br />❑ Department Report ❑ Resolution <br />Z P <br />i <br />Budgeted Amt. <br />$ <br />resentat <br />on ❑ Ordinance <br />❑ Public Hearin <br />❑ O <br />h <br />yTD Actual <br />$ <br />g <br />t <br />er <br />Acct. Name <br />Acct. Number <br />FISCAL NOTES: <br />REVIEWED AND APPROVED BY: <br />~ Administration Z City Clerk ❑ Community Development ❑ EMS/IT 0 Finance ❑ Fire <br />❑ Municipal Court ❑ Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities <br />City of Paris Revised 2/04/08 <br />18 <br />