Reston Association’s Board of Directors narrowly approved a $10 increase in next year’s assessment Thursday night. Four members of the nine-member board — Ven Iyer, Sarah Selvaraj-D’Souza, Bob Petrine, and Mike Collins — voted against the proposal due to financial concerns.
The funding gap between current revenues and future expenses was especially apparent in this year’s budget negotiations as RA debated how to fund the renovation of Lake Thoreau.
RA CEO Hank Lynch originally pitched a budget with no assessment increase in order to account for the impact of COVID-19 on members. But RA’s Board directed Lynch to explore other assessment options up to $728 in order to account for future expenses and reduce the likelihood of a major fee increase in 2022.
Additional revenue from member fees will be used for ADA-additions to Temporary Road and accounts for the lease of RA’s headquarters, which will be reflected as an average booked rate for ten years instead of actual costs for 2021. Other funds above $80,000 would be placed in RA’s operating reserve for future use.
Assessment invoices will be mailed to members next month and are due Jan. 1. RA plans to launch a new system for members to pay fees online and “will be the most convenient way for members to pay their assessment during the COVID-19 pandemic,” according to a news release.
The budget also does away with processing fees for online payments and accounts for an. 86 percnet increase in funding for lake treatment at Lake Thoreau and other Reston lakes.
RA’s Central Services Facility will also reduce the number of times it mows Virginia Department of Transportation roads in Reston. Currently, VDOT’s contract with RA pays for three mowing cycles on an annual basis.
Other features of the budget include:
- No staff merit pay increases
- Full-time headcount reduced by one position
- Three current and vacant positions will remain vacant until the end of March
- Next year’s communications, marketing and public relations budget is reduced by 9.5 percent
- IT reduces the budget by $195,000 by moving to Cloud and not filling 2020 approved staff positions
- Election budget increases by 14.6 percent to increase voter turnout
In addition to Lake Thoreau, the pools at Shadowood and Tall Oaks will be closed next year for capital improvements.
Image via Reston Assoication/YouTube
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