Day: May 1, 2019
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%.
