In a recent briefing held by the Forsyth County Board of Commissioners, significant financial decisions were made regarding the allocation of bond premiums that will directly impact local education and community projects. The meeting, which took place on September 22, 2025, highlighted the need for budget amendments to accurately reflect the funds available from the sale of general obligation bonds.

One of the key discussions centered around the allocation of an unexpected bond premium totaling $2,120,000. This amount exceeded initial estimates and will be distributed according to a previously adopted resolution, with 65% allocated to county projects, 30% to local schools, and 5% to Forsyth Technical Community College. The final allocations will see the county receiving approximately $1,148,000, schools getting around $530,000, and Forsyth Tech receiving $88,000.

The additional funds will be directed towards various capital projects, with a notable portion earmarked for the budget reserve for Ashley High School. This reserve will now total over $19 million, which includes both the new bond premium and previously allocated funds. The school system has indicated that if these funds are not needed for Ashley, they could be redirected for other capital expenses, pending approval from the Board.

Commissioners also discussed the implications of using these funds, ensuring compliance with IRS guidelines regarding bond proceeds. The conversation underscored the importance of transparency and proper allocation of taxpayer dollars, as the board navigates the complexities of funding educational and community infrastructure.

As Forsyth County continues to grow, these financial decisions will play a crucial role in shaping the resources available for schools and community projects, ultimately impacting the quality of education and services provided to residents. The board's commitment to responsible budgeting reflects a proactive approach to meeting the needs of the community.