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0002'78 Regular City Council Meeting February 26, 2007 Page 6 PARTICIPATION WITH THE ATMOS CITIES STEERING COMMITTEE; AUTHORIZING THE PAYMENT OF TEN CENTS ($0.10) PER CAPITA TO THE ATMOS CITIES STEERING COMMITTEE TO FUND REGULATORY AND RELATED ACTIVITIES RELATED TO ATMOS ENERGY CORPORATION; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. A Motion to approve this item was made by Council Member Fisher and seconded by Council Member Freelen. Motion carried, 6 ayes - 0 nays. C. RESOLUTION NO.2007 -030: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, AUTHORIZING THE CITY MANAGER TO PROPOSE A CASH SETTLEMENT TO PREPAY THE PAT MAYSE RESERVOIR PURCHASE CONTRACT FOR WATER RIGHTS; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. A Motion to approve this item was made by Council Member Fendley and seconded by Council Member Wilson. Motion carried, 6 ayes - 0 nays. D. RESOLUTIONNO. 2007-03 1: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, APPROVING AND AUTHORIZING THE EXECUTION OF A LEASE AGREEMENT WITH THE GIRL SCOUT COUNCIL OF RED RIVER VALLEY FOR A CERTAIN AREA ON LAKE GIBBONS PROPERTY; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. A Motion to approve this item was made by Council Member Freelen and seconded by Council Member Fendley. Motion carried, 6 ayes - 0 nays. 9. Receipt and discussion of the independent annual audit. Tom Hensel with the accounting firm of McClanahan and Holmes, presented a report of the independent annual audit to City Council. Specifically, Mr. Hensel referred Council to page 20 and pointed out that the total revenues were $1,749,256.00 more than originally budgeted. He further stated the total expenditures were $1,222,563.00 less than originally budgeted. He also pointed out that the fund balance increased by $2,937,701.00. Council Member Wilson stated that it was important for citizens to know that the City was $3,499,000.00 better off in the general fund than it was a year ago. Tom Hensel reported it was a significant increase. With regard to the water and sewer fund, Mr. Hensel said the City was less than $100,000.00 in the negative compared to $2,500,000.00 in the negative in 2004.