By Story Clark
Ultimately, a complete publication on land conservation financing for neighborhood and neighborhood conservation leaders. A box advisor to Conservation Finance offers crucial suggestion on tips to take on the common drawback to keeping inner most land in the United States: loss of money. Story Clark dispels the myths that conservationists can entry in basic terms inner most money managed through members or that simply huge conservation agencies have clout with significant capital markets. She indicates how small land conservation companies can in achieving conservation pursuits utilizing either conventional and state of the art monetary ideas. Clark outlines crucial instruments for elevating cash, borrowing funds, and decreasing the price of transactions. She covers various matters together with move charges, voluntary surcharges, vendor financing, revolving cash, and undertaking comparable funding courses (PRIs). a transparent, well-written evaluate of the fundamentals of conservation finance with important insights and actual tales mix to create a ebook that's a useful and available consultant for land trusts trying to shield extra land.
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Extra info for A Field Guide to Conservation Finance
It will also be useful for planning the next event. Make contingency plans for rain. Rent a bigger tent than would be needed for good weather. Publicity is important. Use every means available (paid service announcements, paid radio, TV and newspapers, posters, community calendars, e-mail, your Web site, box-holder mailings), and promote the event well in advance. Make a final schedule for everything that should happen at the event, and give a copy to all volunteers. Get someone to take good photographs for the write-up and for future marketing.
000-000 3/15/08 5:27 PM Page 25 Chapter 2 Financial Readiness The key to purchasing land or conservation easements is to be financially stable. There is nothing worse than worrying about meeting payroll while trying to close on a land transaction. A land trust on financially sound footing is also more likely to have developed a variety of potential sources of funding for an acquisition. Armed with these, the land trust can prepare a financial road map or plan that outlines the strategy and budget for the project, possible sources of revenue, and how much each revenue source might generate.
These costs can amount to tens or even hundreds of thousands of dollars. Some land trusts have built up very large war chests that they also use for acquisition. They try to recapitalize the fund following an acquisition so that the fund “revolves” (see chapter 14). Having even a small amount of money in a protection fund can be extremely useful for cash flow when starting work on an acquisition. Otherwise, these initial costs, which may be substantial, can strain the operating budget. The land trust should create policy for the protection fund to determine where contributions come from, how the fund is used, and who can authorize expenditures.