Budget and Research Division

Fiscal Year 2008-09 Adopted Budget

The City of Asheville’s 2008-09 Annual Operating Budget, with a net budget totaling $135,486,757, was adopted by City Council on June 10, 2008. The Adopted Budget is balanced with a property tax rate of 42 cents per $100 of assessed valuation, which represents no change from the previous fiscal year.

The information below, which is excerpted from the FY 2008-09 Adopted Budget Document, provides a brief overview of the Budget. The information is available for viewing in Portable Document Format (PDF) using AdobeAcrobat Reader.

Budget Documents:

City Manager's Transmittal Letter

Introduction

The Introduction also includes a description of the budget process and City organizational structure, and a presentation of the City's financial policies.

Budget Summary

The Budget Summary section provides a detailed picture of the City's FY 2007-08 adopted annual operating budget, including information on total budget expenditures, revenues, and staffing.

Fund Summary

The Fund Summary section segregates the expenditures and revenues by fund. Detailed information is included for all City operating funds, with a focus on the City’s largest fund - the general fund. This section also highlights the City’s major revenue sources and summarizes the trends and assumptions that were used in developing the FY 2007-08 revenue estimates.

Service Area Summaries:

The next five sections present budget data for the major service areas. Detailed budget information is included for the City departments and divisions associated with each service category. Departmental goals, objectives and performance measures are presented in this section.

Capital Improvement Plan

The long-range Capital Improvement Program (CIP) describes planned capital improvement projects and funding sources for the next six fiscal years.

Debt Management

This section contains information on the City’s annual debt service requirements.

Community Profile

The community profile provides demographic and economic information for the Asheville area.

Copies of the 2008-09 Budget Document can be obtained from the City’s Office of Budget & Research. Please direct document requests and any other comments or questions to:

Budget & Research Division
City of Asheville
P.O. Box 7148
Asheville, NC 28802-7148
Telephone: (828) 259-5599
Fax: (828) 259-5499
E-mail: Tony McDowell at  tmcdowell@ashevillenc.gov or
Sandy Bumgarner at sbumgarner@ashevillnc.gov