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Board of Directors <br />Paris Economic Development Corporation <br />Page 2 <br />Management has not presented Management's Discussion and Analysis that governmental accounting principles <br />generally accepted in the United States of America require to be presented to supplement the basic financial <br />statements. Such missing information, although not a part of the basic financial statements, is required by the <br />Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for <br />placing the basic financial statements in an appropriate operational, economic, or historical context. Our opinion on <br />the basic financial statements is not affected by this missing information. <br />March 25, 2013 <br />Paris, Texas <br />`��,�G��°� � ��� ,1� <br />Certified Public Accountants <br />2 <br />AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS <br />