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Reston board directs staff to present CIP funding alternatives; asks review of $5,000 capitalization threshold
Summary
After a lengthy budget-process review, the Reston Association Board directed the CEO and staff to return by May with alternatives for capital funding and asked staff to propose changes to the association's $5,000 capitalization threshold and report the financial impact.
Reston Association directors directed staff to return with alternative approaches to funding capital needs and asked for a recommendation on the association's $5,000 capitalization threshold at the board's Jan. 8 work session.
Director John Farrell moved that the CEO bring back multiple capital funding alternatives (CIP funding models) with staff and the fiscal committee's recommendations by May 2025. Farrell said he wanted alternatives so the board could shift attention from annual operating debates to a more predictable capital funding method. The motion passed; the board recorded the outcome in the meeting as passed with a recorded tally of 7…
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