In This Section

Budget and Financial Reporting Division


The Budget and Financial Reporting Division consists of two sections – the Office of Management and Budget and Financial Reporting.  The Office of Management and Budget plans, prepares and monitors the City's operating and capital budgets; reviews the efficiency of City activities and provides assistance to other departments in management, planning and evaluation.  The Financial Reporting section maintains and preserves the City's financial records and delivers support and other services to City departments. This is accomplished by adhering to state statutes, federal mandates, governmental accounting standards, financial accounting standards and generally accepted accounting principles.


Division Responsibilities

The Office of Management and Budget coordinates with departments on performance measures as a part of the budget process. The Office of Management and Budget also coordinates the city's participation in the North Carolina Local Government Performance Measurement Process. This office also prepares and monitors the Annual Operating Budget and the city's six-year Capital Improvements Program, and performs fees and charges studies and updates. The Office of Management and Budget serves as a public resource to provide information to citizens on budget issues and taxes. The Financial Reporting section manages the City's financial reporting, general ledger, grant compliance and reporting, and fixed asset system.


Current tax rates for Asheville citizens are:

City rate: $.46 per $100 of assessed value
County rate: $.569 per $100 of assessed value
City Schools: $.15 per $100 of assessed value
County: Culture and Recreational Authority: .035 per $100 of assessed value

City of Asheville Assessed Valuation

Property Type

Real Property
Personal Property
Motor Vehicles
Public Srv. Cos.

Total Assessed Value

2012-13 Assessed Valuation

$ 9,696,541,053
$    688,439,022
$    551,327,303
$    190,234,757

$ 11,126,542,135

2013-14 Assessed Valuation (Estimated)
Reevaluation Year

$ 9,712,906,100
$    688,439,022
$    551,327,303
$    190,234,757

$ 11,142,907,182

Percent Change = 0.14%


  Adopted Budgets

Asheville, NC 2010: A Financial Crossroads - Presented 1/20/2010

Fiscal Year 2014-15

Fiscal Year 2013-14

Fiscal Year 2012-13

Fiscal Year 2011-12

Fiscal Year 2010-11

Fiscal Year 2009-10

Fiscal Year 2008-09

Copies of the City’s budget documents are provided to citizens upon request.

FY 2014 Financial Reports

Quarter I
Financial Report

Quarter 2
Financial Report

Quarter 3
Financial Report


Contact Information
Tony McDowell, Budget Manager
Location: Asheville City Hall, 4th floor
Mailing: P.O. Box 7148, Asheville, NC 28802
Office Hours: Monday-Friday, 8:30 a.m.-5 p.m.
Phone: (828) 259-5635
E-mail: tmcdowell@ashevillenc.gov
or John Sanchez: jsanchez@ashevillenc.gov

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