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Practice 6A: Fiscal Health

Posted 2017 Reviewed August 29, 2022
Land Trust Alliance
About This Practice

Practice 6A includes five elements:

  1. Develop an annual budget that reflects the land trust’s annual programs and activities

  2. ⬤ Develop and implement a strategy to address any deficit-spending trends

  3. ⬤ Assess the nature and variability of revenue and seek to diversify funding sources

  4. ⬤ Build and maintain sufficient operating reserves to sustain operations

  5. ▲ Build and maintain dedicated or restricted funds sufficient to cover the long term costs of stewarding and defending the land trust’s land and conservation easements.

    a. ▲ If funds are insufficient adopt a plan to secure these funds and a policy committing the funds to this purpose

Accreditation indicator element | ■ Terrafirma enrollment prerequisite | ▲ Required for both