09-FINANCIAL OVERSIGHT OF MUNICIPAL GOVERNMENTCITY COUNCIL AGENDA ITEM BRIEFING SHEET
Submittal Date:
04/02/ 12
Originating Department:
Presented By:
Agenda Item No.:
Council Date:
04/09/12
Gene Anderson
Finance
9.
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 9-30-2011 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:
EXHIBITS:
Report
ACTION:
BUDGET INFO:
❑ Financial Report ❑ Minute Order
Expense
$
❑ Department Report ❑ Resolution
Z P
i
Budgeted Amt.
$
resentat
on ❑ Ordinance
❑ Public Hearin
❑ O
h
yTD Actual
$
g
t
er
Acct. Name
Acct. Number
FISCAL NOTES:
REVIEWED AND APPROVED BY:
~ Administration Z City Clerk ❑ Community Development ❑ EMS/IT 0 Finance ❑ Fire
❑ Municipal Court ❑ Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities
City of Paris Revised 2/04/08
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