1996 - Laserfiche WebLink

Home Browse Search

M' - 1 and this was the first time that PEDC has done this, and it was presented to Babcock and Wilcock because of the industry retention. Mr. Vest explained that the City came real close to losing them last summer, and with some of the efforts of PEDC the new sewer line they, put in last year, working with the people out there, they were able to maintain them here in Paris, and also with the cooperation of the labor union there and management, so it was a good thing for our community. The Northeast Texas Economic Development Round Table is a group that they support, and they have attended two meetings, one in Tyler, and one in Kilgore since the last time he was here, and he also make a presentation on Economic Development to the Chamber Professionals of East Texas. They attended a conference on the North America Free Trade Agreement in Longview on November 8th, also attended the Chemical Trade Show in December in New York which had over 16,000 delegates at that show, which was 16,000 potential leads for them, and they put a newspaper out everyday of the trade show, and he was quoted on day on the front page of the newspaper. Mr. Vest said he visited with the Texas Department of Commerce in Austin on December 14th, met with several of the key people with that department. They have entered an agreement with Commerce and gave the Council a copy of the community profile that Commerce has on every city that is willing to participate in the State of Texas, and this is a computer profile, but anyone in the world can call up on the Texas Department of Commerce computer line, their internet, and tap into various community of Texas, and we are in the computer, and Mr. Vest gave the Council a sample of the information. They have been working on a good home page on the computer line for Paris, and before the month is over they will have a real nice home page on the internet. Tom Hensel of McClanahan and Holmes, Certified Public Accountant, came forward presenting the Comprehensive Annual Financial Report for the City of Paris. Mr. Hensel told the Council how the report was organized pointing our the various section and topics, after that starts the financial section and for the first 37 pages is what is called general purpose financial statements including the basic financial statements of all the funds of the City sometime in consolidated form along with footnotes that explains various thing about those financial statements. The next section are combining and individual fund financial statements which expands on the primary financial statements, and if you want information on any one fund, it may be part of that combined set of funds, then you will find that information in that area. The next section is that statical section which is a lot of 10 year information, tax information, and population information which is general information. The last section pertains to federal money and the various reports and schedules that are required by federal agencies. Mr. Hensel said they have been involved in the City's audit several years, and from the time he has been involved, there has been a considerable improvement in the quality of the financial records, there is a significant amount of detail that is available through the normal account system and sub- account systems that the City maintains. The people are well qualified, they are cross trained, there is no problem