Members of the Paris City Council met in regular session on Monday, July 3 and were presented with an outside audit of the city’s 2016 finances, which Mayor Daniel Rogers called good.
The audit, conducted by Beall Barclay Certified Public Accountants of Fort Smith, concluded that the city’s finances were in compliance with state law and governmental accounting procedures, Rogers said. According to the audit reports, the city had revenues in 2016 of $7.3 million, expenses of $6.9 million and ended the year with a surplus of $391,905.
The audit, conducted each year, is required by law.
“It showed that the city is in good shape financially,” Rogers said. “He reported a good audit. I’ve been happy that we’ve been able to do improvement projects without having to raise rates.”
Also at the meeting, which was attended by all six Aldermen, the City Council tabled a water and sewer debt forgiveness measure.
“I’ve been looking at policies in other cities related to unexpected events that have caused high water bills, such as an undiscovered water leak,” Rogers said. “I’ll have a policy ready for the City Council next month. It will be a policy that protects people from problems that they weren’t aware of.”
The meeting, which was held in the Municipal Building, lasted about 30 minutes.