Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
District reports healthier fund balance; board discusses $1,000 one-time retention bonus to offset lost supplemental pay and higher insurance premiums
Summary
Asheville City Schools business staff reported a stronger-than-expected fiscal close for 2024–25 and proposed a one-time retention/retention-style bonus for employees to soften a likely decline in take-home pay this year.
Asheville City Schools business staff reported a stronger-than-expected fiscal close for 2024–25 and proposed a one-time retention/retention-style bonus for employees to soften a likely decline in take-home pay this year.
Chief business officer Heidi presented draft audit results showing the district ended FY25 with about $14.2 million in fund balance, roughly $284,000 above the prior year. She said several revenue lines came in better than projected and the district reduced costs through staffing allotment reviews, supply reductions and other savings. “I’m very delighted to report tonight that most of those projections did not come out nearly as dismal as we anticipated,” Heidi said.
Heidi told the board the state did not…
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
