How Much Will Reston Association Members Pay in 2012?

How much will Reston Association members pay in 2012?

That is one of the items the Reston Association Board of Directors  will be discussing at their meeting Thursday night. The current assessment is $540, and Reston Association CEO Milton Matthews is recommending a 4.6-percent increase to $565. That rate could rise to $590 in 2013.

The board will also consider adopting the 2012-2013 budget and a new strategic plan that will guide the community direction from 2013-2016.

Board members and starr directors met over the summer to work on the  new strategic plan to replace the current one, which was implemented in 2007.  The draft strategic plan includes five strategic area of focus: Change & Opportunity, Community Leadership & Engagement, Programs and Services, Sustainability and Community Viability, and Technology.  
 
Following a discussion and vote on the Strategic Plan, the board will likely take action of the 2012-2013 Budget.  Since March, the staff and board have been working on the budget, providing multiple opportunities for community suggestions, comment and ideas. The Board held two public hearings in October.  The draft budget can be viewed here.

In his budget submittal letter, Matthews highlighted the following:

 *   Recommended Assessment Rate for Fiscal Year (FY) 2012 - $565
 *   Assessment Cap (Maximum Dollar Amount) for FY 2012 - $600
 *   Recommended Assessment Rate for FY 2013 - $590
 *   Assessment Cap (Maximum Dollar Amount) for FY 2013 - $627
 *   Budgeted Operating Fund Revenues for FY 2012 - $14,290,305
 *   Projected Operating Fund Expenses & Expenditures for FY 2012 - $14,543,320
 *   Budgeted Operating Fund Revenues for FY 2013 - $14,827,690
 *   Projected Operating Fund Expenses & Expenditures for FY 2013 - $14,588,840