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RA Releases

RA News Releases

Acting CEO to Propose 2019 Budget at Public Hearing

  • 1 November 2018
  • Number of views: 857
Acting CEO to Propose 2019 Budget at Public Hearing

Larry Butler, the acting CEO for Reston Association, will present his recommendations for the 2019 Operating and Capital Budgets at a public hearing Nov. 8. The proposed budget, if approved by the Board of Directors at its Nov. 15 meeting, would increase members’ assessment fee $11, setting the rate at $693.

In order to limit the assessment increase to 1.6 percent, association managers trimmed approximately $300,000 from initial budgeting estimates stated in draft 1 of the budget. The first draft of the budget would have set the annual assessment fee at just over $700. Three drafts of the budget were created by the board and RA staff over the last several months.

During the budget process, which included listening sessions held with RA members, the board also directed the association’s staff to increase employee health insurance contributions and pursue a reduction in expenses by passing credit card convenience fees along to the cardholder.

The 2019 budget does not tap into reserve cash to pay down the assessment fee as was done in 2017. Even with the use of $550,000 in reserve cash, the assessment rate was $35 more in 2017 than it was in 2016, mostly due to improvements in technology, maintenance and land-use matters. This year’s budget was shaped primarily through a wide range of cuts in operating expenses.

The annual assessment is what helps the association maintain pathways, facilities and recreational areas. Assessment funds allow RA to monitor the local environment and provide members with a wide range of fun and healthy activities and educational opportunities for all ages. Assessment fees also provide the funding for RA to ensure standards are met for property maintenance and design.

The public hearing begins at 6:30 p.m. at RA headquarters, 12001 Sunrise Valley Drive. All members are welcomed. Click here to download the acting CEO’s budget proposal presentation or to view the drafts of the 2019 budget.

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