December 22, 2020 at 2:30pm
Despite challenges posed by the COVID-19 pandemic, Reston Association CEO Hank Lynch touted recent successes in cost-cutting and collaboration with the community at a recent Board of Directors meeting.
Lynch said that RA’s management is on the path to deliver a surplus of roughly $380,000 for the year, even though the COVID-19 pandemic “literally sparked $3.2 million in cost reductions this year.”
The pandemic results in a decline in non-assessment revenue of more than 2.8 million, Lynch told the board on Thursday. RA’s revenue took a big hit due to the cancellation of summer camps, low sales of recreational passes, the cancellation of sponsorships, and other programming restrictions.