Specifics on how the Asheville City Schools system spends its local allocation (at over $5,800 per student, the second-highest in North Carolina) and its plans to reduce costs have been hard to come by — and may have been concealed in violation of state open meetings law during a May 18 special closed session of the Asheville City Board of Education.
Under current projections, even if the system taps into the entirety of its available reserves to cover expenses for fiscal year 2021-22, it would still face $865,000 in cuts to balance its budget. And if expenses and revenue trends continue on the same path, the necessary cuts for fiscal year 2022-23 could exceed $2 million.
“You can’t keep doing that year in and year out. You need to keep an eye on that,” external auditor Michael Wike told the Asheville City Board of Education about the school system’s spending at a Dec. 7 work session. “What happens when you don’t have a fund balance is almost like an individual living paycheck to paycheck: You can’t plan for the future whatsoever.”
