Reston Association is set this week to hold a vote and the second public hearing on next year’s budget.
This upcoming meeting will focus on approving the second year of the 2018-2019 budget at the public meeting tomorrow (Thursday) at 6:30 p.m. at RA’s headquarters (12001 Sunrise Valley Drive) after the first year of the budget was approved last year.
Larry Butler, RA’s acting CEO, presented his recommendations for the budget at a public hearing last Thursday (Nov. 8). RA board and staff created three drafts of the budget, using 2018 as a baseline.
During the budget process, the RA board directed the association’s staff to increase employee health insurance contributions and to reduce expenses by passing credit card convenience fees along to the cardholder. The association trimmed roughly $300,000 from the initial budget estimates from an earlier draft, according to a Nov. 1 press release.
“This year’s budget was shaped primarily through a wide range of cuts in operating expenses,” the press release said.
If approved, the proposed budget would increase members’ assessment fee by $11, setting the rate at $693. The first draft would have set the annual fee, which helps the association maintain pathways, facilities and recreational areas, at just over $700. Last year’s totaled $682.
The board is also requesting $40,000 from cash reserves to reinstate staff training and $17,545 for staff recruitment and “market rate adjustments for difficult to fill positions,” according to meeting materials to be presented to the board.
After the new assessment is set by the board, RA will mail assessment packets to residents with information about the fees and funding. The payment will be due Jan. 1.
The draft agenda for the meeting is available online.
Photo via Reston Association/Reston Today