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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 2020-2021 budget development process began on May 23, 2019 with the adoption of the budget development calendar, which can be viewed by clicking the link in right-hand column of this page. Throughout the remainder of 2019, the board, staff and community will work together to create a vision for the 2020-2021 budgets. Links to draft materials related to the new budget posted on the right side of this page. The 2020-2021 budget is scheduled to be approved by the Board of Directors in November.
Special Board Meeting on Budget
The Reston Association Board of Directors will hold a budget workshop Thursday, Oct. 10, 2019 at 6:30 p.m. at RA headquarters, 12001 Sunrise Valley Drive. The board will discuss the 2020-2021 budget, the annual assessment rate and related financial topics. The meeting is open to all RA members.