12 Financial oversight of the municipal government
CITY COUNCIL AGENDA ITEM BRIEFING SHEET
Submittal Date: Originating Department: Presented By: Agenda Item No.:
03/17/09
Council Date: Finance Gene Anderson 12.
03/23/09
RECOMMENDED MOTION:
Move to accept the comprehensive annual financial report for the City of Paris as presented.
POLICY ISSUE(S):
Financial oversight of the municipal government.
BACKGROUND:
Section 35 of the city charter charges the council with selecting a qualified public accountant to conduct
an independent audit of the city's financial records. Section 69 (4) of the city charter directs the finance
director to prepare a complete financial report as of the end of each fiscal year. The attached report
meets the requirements of both of these sections for the fiscal year ending 9-30-2008 in that it represents
the finance director's report that has been audited by the accounting firm selected by the city council.
A representative of McClanahan and Holmes, LLP will be available to answer questions.
BOARD/COMMISSION RECOMMENDATION:
N/A
EXHIBITS:
Copy of report sent to Council previously.
ACTION: BUDGET INFO:
® Financial Report ® Minute Order Expense $51,360
❑ Department Report ❑ Resolution Budgeted Amt. $50,505
❑ Presentation ❑ Ordinance
❑ Public Hearing ❑ Other Acct. Name Auditing
Acct. Number 0605 in various departments
FISCAL NOTES:
None.
REVIEWED AND APPROVED BY:
® Administration ® City Clerk ❑ Community Development ❑ EMS/IT ® Finance ❑ Fire
❑ Municipal Court ❑ Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities
City of Paris C1 nn 0tl 0 3 Revised 2/04/08