25 - Annual Comprehensive Financial ReportItem No. 25
Memorandum
TO: Mayor, Mayor Pro -Tem, and City Council
Grayson Path, City Manager
FROM: Gene Anderson, Finance Director
SUBJECT: ANNUAL COMPREHENSIVE FINANCIAL REPORT (ACFR)
FISCAL YEAR ENDING 9-30-22
DATE: November 13, 2023
BACKGROUND: Section 33 of the Paris City Charter requires the City to have an annual audit
prepared by an independent Certified Public Accountant. Our practice is to provide the Council
with a copy of the report when it is completed. Normally this is accomplished via a consent agenda
item. However, we thought a brief presentation by McClanahan & Holmes, LLC might be in order
to discuss the parts of the ACFR one of which is the auditor's opinion on the financial statements.
STATUS OF ISSUE: This report updates the City Council on the City's financial condition and
financial activities for the year ending 9-30-2022.
BUDGET: N/A
RECOMMENDATION: No action is required by the Council.