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Committee reviews fund‑balance trends; county reports 15.6% available balance
Summary
Auditors reviewed general‑fund trends and fund‑balance composition; staff said Buncombe County did not appropriate fund balance for FY2026 and expects an available fund-balance ratio of about 15.6%, within the county's 15–20% policy target.
Tim Lyons presented trend slides showing fund balance as a percentage of general‑fund expenditures and explained categories such as restricted, assigned (restricted for state stabilization, RSS), and unassigned fund balance. He noted the county did not appropriate fund balance into the FY2026 budget, which removed the previously assigned component reported at 6/30/2024.
Committee member David said the county added approximately $1.6 million to general fund balance and that the available fund-balance percentage will be about 15.6% — within the committee’s stated policy range of 15–20%. Members discussed credit-rating considerations and whether restricted-for-state-stabilization amounts are treated differently by rating agencies.
