Islands Trust Special Board Meeting

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Islands Trust Conservancy Board 
Special Meeting Agenda 
 
 
 
Date: Tuesday, June 2, 2026 
Time: 1:00 pm 
Location: Electronic Zoom Meeting 
 
 
Pages 
1. CALL TO ORDER 
 
2. TERRITORIAL ACKNOWLEDGEMENT 
 
3. APPROVAL OF AGENDA 
 
3.1 Review of Agenda and Introduction of New Items 
 
3.2 Approval of Agenda 
 
4. BUSINESS ITEMS 
 
4.1 Items for Approval 
 
4.1.1 2027/28 ITC Budget Requests Overview - RFD 
 
4.1.2 KPMG Auditors on Audit Findings - Presentation 
Lenora Lee and Winnie Tam from KPMG presenting audit findings 
                                      4.1.3           ITC 2025/26 Audited Financial Statements - RFD 
                                      
 
4.2 Items for Discussion/ Direction 
None 
 
 
4.3 Updates for Information 
Budget report: April 1, 2026 to April 30, 2026 
 
 
5. PUBLIC COMMENTS AND DELEGATIONS 
 
6. NEW BUSINESS 
 
7. NEXT MEETING 
The next Islands Trust Conservancy Board meeting is scheduled for July 28, 2026 from 10.00am - 12.00pm followed 

by the ITC-EC liaison meeting from 1.00pm – 3.00pm. 
 
8. ADJOURNMENT 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
 
 
 
 
              2 

 
1 
 
 
REQUEST FOR DECISION 
 
 
To: Islands Trust 
Conservancy Board 
For the Meeting of: June 2, 2026 
From: Staff Date Prepared: May 27, 2026 
 
SUBJECT: ITC 2027-28 Budget Request Overview 
 
RECOMMENDATION:  
THAT the Islands Trust Conservancy (ITC) Board request staff to prepare an Islands Trust 
Conservancy 2027-28 budget request for the July 28, 2026 meeting that provides for: 
• increasing costs associated with protected areas management planning and operation, 
reflecting: 
o additional costs for new nature reserves and covenants 
o costs for the design, purchase and installation of updated signage for nature 
reserves 
o continuation of the Protected Areas Management Database development and 
implementation project 
o development of a new management plan template 
• increasing costs associated with land securement 
• increasing costs associated with conservation planning (Regional Conservation Plan 
update) 
• increasing costs associated with communications 
• continuation of the 2028-2032 Five-year Plan development project 
• options for drawing from the Conservancy’s Opportunity Fund and other ITC managed 
funds 
 
1 PURPOSE:  For the ITC Board to guide staff in the preparation of the 2027-28 budget 
submission and request staff to prepare a 2027-28 ITC budget for the Board at their July 28, 
2026 meeting. 
 
2 BACKGROUND: ITC Policy 3.1.6 Annual Budget Submissions requires that the ITC Manager 
prepare a proposed annual budget for the Board to approve. Staff are seeking direction from 
the Board about what should be the focus of the budget and if there are special initiatives to 
take into account. The following are provided for consideration: 
 
1. It is expected that there will be 120 protected areas across twelve islands in 
2027-28 compared with 115 in 2026-27 (staff estimate the

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