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Asheville City Schools
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Municipality & ACFR Details
Type
County-Dependent Local Education Agency (LEA)
State
North Carolina
County
Buncombe County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, Asheville City Schools recorded a net position of -$630.7K, reflecting accumulated obligations. Total assets of $13.3M compared to liabilities of $630.7K indicate robust financial health, yielding a coverage ratio of 21.13. The government achieved an operating surplus of $2.1M, as revenues of $29.7M outpaced spending of $27.0M. At 7.2%, the operating margin shows steady financial management. All metrics are calculated using General Fund data.