Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Reston Association reports modest 2024 operating surplus, cash and capital balances
Summary
CFO Ed Vroom told the board that RA ended 2024 with a roughly $123,000 operating surplus, higher interest income and roughly $14.9 million in cash and investments; unrestricted operating cash equated to about 1.19 months of expenses.
Reston Association closed fiscal 2024 with modest positive results, CFO Ed Vroom told the board on March 13, reporting a $123,000 operating surplus and a stronger cash position driven largely by higher interest income and timing of capital projects.
Vroom reported total 2024 revenue of about $22.1 million—roughly $122,000 above budget—led by higher interest earnings after changes to cash management. Assessment revenue rose about $1.2 million versus 2023, while some non‑assessment revenue…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
