Practice 6A: Fiscal Health

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

   1. ▲ 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