After the city of Asheville enjoyed widespread national and international press for adopting a resolution in support of reparations for the Black community on July 14, Buncombe County may be next in line.
Tag: fund balance
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Draft county budget pushes fund balance limit
Buncombe’s current policy, said County Manager Avril Pinder, requires a fund balance of at least 15%, or $47.35 million. However, the projected fiscal 2020 budget would put the balance at 14.76%, and if a $5.25 million sale of county property on Ferry Road is delayed or falls through, the balance could drop to as little as 13.09%.
Commissioners laud budget transparency, choose new clerk
During the Board of Commissioners meeting on May 15, commissioners took time to applaud Stone and county staff for the transparency of the budget process this year, noting that it was a significant improvement over the budget planning in prior years.