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Every two years, the Reston Association Board of Directors adopts a biennial budget to direct the organization’s spending in various program areas. The budget is divided into two parts: the operating budget, which details RA’s operating revenues and expenses (e.g. running the pools, managing the Walker Nature Center, staffing the front desk, etc.) and the capital budget, which outlines the projects that will be undertaken (e.g. maintaining pathways, repairing bridges, sealing cracks in the tennis courts, etc.). Ultimately, the assessment rate each year is calculated based on the bottom line of these two budgets.
Before the budget is adopted, the board, committees and staff go through a multi-step process to gather community input. This process includes public meetings, board work sessions, Fiscal Committee meetings, and hearings on draft versions of the budget. Through these meetings, the board identifies revenues and expenses that should be added or eliminated based on the Association’s strategic goals. For a detailed, step-by-step description of the budget development process, see Assessment & Finance Resolution 1, Biennial Budget Development Process.
The 2018-2019 budget development process began in February 2017 with the adoption of the 2018-2019 budget development calendar, which can be viewed through the first link in the right-hand column of this page. Throughout the remainder of 2017, the board, staff and community will work together to create a vision for the 2018-2019 budgets. Your input is welcome and encouraged. If you would like to participate in the budget development process by attending a meeting or submitting a budget suggestion form, please click on the appropriate link(s) in the right-hand column of this page.