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12 Award from Government Finance Officers Assoc of US & Canada Government Finance Officers Association 203 N. LaSalle Street. Suite 2700 Chicago, IL 60601 Phone (312) 977-9700 Fax (312) 977-4806 08/30/2006 NEWS RELEASE For Information contact: Stephen Gauthier (312) 977 -9700 (Chicago)-- The Certificate of Achievement for Excellence in Financial Reporting has been awarded to City of Paris by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR). The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management. An Award of Financial Reporting Achievement has been awarded to the individual(s), department or agency designated by the government as primarily responsible for preparing the award-winning CAFR. This has been presented to: W. E. Anderson, Director of Finance The CAFR has been judged by an impartial panel to meet the high standards of the program including demonstrating a constructive "spirit of full disclosure" to clearly communicate its financial story and motivate potential users and user groups to read the CAFR. The GFOA is a nonprofit professional association serving approximately 16,000 government finance professionals with offices in Chicago, IL, and Washington, D.C. '1'" r" The Government Finance Officers Association of the United States and Canada @ presents this AWARD OF FINANCIAL REPORTING ACHIEVEMENT to w. E. Anderson Director of Finance City of Paris, Texas The award of Financial Reporting Achievement is presented by the Government Finance Officers Association to the individual(s) designated as instrumental in their government unit achieving a Certificate of Achievement for Excellence in Financial Reporting. A Certificate of Achievement is presented to those government units whose annual financial reports are judged to adhere to program standards and represents the highest award in government financial reporting. Executive Director ~/~ Date August 30, 2006