The Forsyth County Board of Education and staff have a strong record of fiscal balance, sound reserves and financial accountability. Forsyth County Schools (FCS) is the only school district in the state to receive a three-year consecutive 5-out-of-5 Star Financial Efficiency Rating from the Georgia Department of Education.We have an annual operational budget, funded by local taxes, and state and federal funds. Close to 90% of the operational budget is for salaries and benefits, while the remainder is for operating expenses. FCS also has a capital improvement budget, which is funded by state capital outlay dollars and local SPLOST or Bond referendums.
As the 7th largest out of 180 school districts in Georgia, FCS operates on a $444 million budget, with 73% of expenses tied to instruction. The budget income is 48.51% from local funds and 51.49% from state and federal funds. The FY19 budget was built maintaining the same millage rate for the last five years, which is the lowest in Metro-Atlanta. FCS’ per pupil expenditure is $8,220.94, which is the lowest among the 12 largest districts in the state.
CapitalFCS is proud to be one of 17 school districts in the United States to receive the highest possible bond rating, AAA, from both Moody's and Standard and Poors (S&P). Having the highest possible credit rating is a benefit for tax payers with lower interest rates on the sale of bonds. S&P currently rates 4,782 school districts with only 86 having a AAA rating, while Moody’s currently rates 13,363 school districts with only 88 having a AAA rating.Other Resources:
- FY19 Final Budget
- 2018 School Current Tax Digest and 5 Year History of Levy
- FY17 Large Districts Per Pupil Comparisons
- QBE Comparisons*
- GADOE Financial Data Reporting
- Audit Reports
- Monthly Financial Reports
1. Go to Meetings, Board of Education
2. Select a date for a Regular Board Meeting
3. On the agenda, select Finance Report.