Reston Association 2018-19 Budget Begins Development

RESTON, VA — The Reston Association Board of Directors has begun the painstaking process of developing the biennial budget to cover 2018 and 2019, and they're asking for feedback from members.

The budget has two parts: the operating budget, which deals with things like running facilities and staffing; and the capital budget, which covers making repairs and undertaking projects.

"Before the budget is adopted, the board, committees and staff go through a multi-step process to gather community input," the Reston Association said in a statement. "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 2018-19 budget development process actually began in February when the budget development calendar was adopted.

The next event will be May 8, when the Community Engagement Advisory Committee presents its draft Member Survey Proposal. This will give members an opportunity to weigh in on where RA should focus their budget resources.

All of this will lead up to the final approval of the budget on Nov. 16, where the 2018 assessment rates and due dates will be set.

Image via Reston Association