Practice 6A: Fiscal Health
Source
About This Practice
Practice 6A includes five elements:
Develop an annual budget that reflects the land trust’s annual programs and activities
⬤ Develop and implement a strategy to address any deficit-spending trends
⬤ Assess the nature and variability of revenue and seek to diversify funding sources
⬤ Build and maintain sufficient operating reserves to sustain operations
▲ 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
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For accreditation-related materials, please also consult the Land Trust Accreditation Commission website.