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Reston Association raises CIP capitalization threshold to $25,000, directs bundling of smaller items
Summary
The Reston Association board voted unanimously to set a $25,000 minimum capitalization threshold for individual Capital Improvement Program items and to allow staff to bundle smaller items into budgetary groups.
The Reston Association Board of Directors on June 26 voted unanimously to set a $25,000 minimum capitalization threshold for individual items in the association's Capital Improvement Program and to give staff authority to bundle items below that threshold into one or more larger budget line items.
Board members said the change reflects staff recommendations and is intended to reduce the number of…
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