Citizen Portal
Sign In

Get Full Government Meeting Transcripts, Videos, & Alerts Forever!

Winston‑Salem/Forsyth board hears $46.1 million deficit update, votes to send formal request to legislators

AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Interim Superintendent Cady Moore told the board the district’s FY24–25 deficit stands at $46.1 million, outlined timing and sources for covering prior‑year invoices, and described requests to Forsyth County and the State Board. The board voted unanimously to send a formal letter to the local legislative delegation seeking state assistance.

Interim Superintendent Cady Moore told the Winston‑Salem Forsyth County Schools Board of Education on July 29 that the district’s fiscal year 2024–25 budget shortfall stands at $46.1 million and described late invoices, federal carryover reductions and requests to local and state officials to address the gap. "Our overall budget deficit at this point is now at 46.1," Moore said during the meeting.

Why it matters: the board is accountable for district oversight but is not a taxing authority; school operations depend on county, state and federal allocations. A larger‑than‑expected prior‑year deficit affects staffing, transportation and program continuity for the coming school year and has prompted the district to seek one‑time relief and policy waivers from state authorities.

Moore said the figure rose after invoices arrived in late May and June and that the district is reserving about $2 million for vendor invoices that arrive after June 30, a standard accounting practice she described as "month 13." She told the board that three large vendor payments still due total about $16.1 million and…

Already have an account? Log in

Subscribe to keep reading

Unlock the rest of this article — and every article on Citizen Portal.

  • Unlimited articles
  • AI-powered breakdowns of topics, speakers, decisions, and budgets
  • Instant alerts when your location has a new meeting
  • Follow topics and more locations
  • 1,000 AI Insights / month, plus AI Chat
30-day money-back on paid plans