Stephen Parker, of PIE-CSC, discussed Budgeting and Community Association Financing. The firm has created a financial simulation model of a community association's operating and capital reserve accounts that analyzes cash flow, income expenses and reserves. A community association must program expected community repairs or improvements in future years with expected impact of inflation into its reserve budget. The association must have a strategy to both know where it wants to be and how to get there.

Associations should review both long term (30 years) and near term (5 years) budgeting. Trends in the out years should be positive, while the focus stays on the near term. They should also perform engineering studies on a recurring basis to ensure that projections of long-term expenditures stay on track. The association must maintain a relationship of trust between the board and the home owners. In addition, by law, the homeowners association board members have a legal fiduciary relationship to maintain and care for the association's commonly owned assets.

The Smithsonian Air and Space Museum will hold a public hearing on the environmental impact statement for its proposed expansion at Dulles Airport. The hearing will be held on 17 September at Franklin Middle School.

The combined Northern Virginia Chambers of Commerce will hold a series of panel discussions on the impact of major league baseball on northern Virginia. They will hold one of the panel discussions at Herndon High School at 10 a.m., 7 September. The public and private individuals nominated over 50 sites to the commission looking at possible locations for the stadium. One of the sites nominated is in the Dulles Corner Area. At the present time though, it looks as if the Houston Astros may remain in Houston. If that happens, this discussion is moot, as there are no other teams considering relocation.

The Fairfax County Board of Supervisors has determined to broadcast future meetings of the Board of Zoning Appeals on the county's cable channel.

The next meeting of the Fairfax Federation of Civic Associations will feature Kate Hanley, Chair of the County Board of Supervisors. The meeting is scheduled for 7 p.m., 19 September