Property Management Funds Guidelines

Extracted text (beginning)

Page 1 of 2 
 
ISLANDS TRUST CONSERVANCY POLICY MANUAL 
 
 
 
 
 
 
  
Property Management Fund Guidelines 
 
Purpose 
 
The Property Management Fund’s purpose is to provide funding for the long-term management 
lands owned or managed by the Islands Trust Conservancy (ITC).  
 
Background 
 
The ITC has an on-going obligation to its donors, as well as to the landowners and residents of 
the Islands Trust Area and British Columbia generally, to steward land it manages.  As with 
other land conservancies, the ITC needs secure and lasting sources of dedicated funds sufficient 
to cover the property management costs.  
 
The ITC Board established the Property Management Fund in 2021 in response to receiving a 
cash donation from a development application that required a land transfer. The ITC Board 
elected to use the financial contribution to start a fund for the ongoing management of ITC 
nature reserves. These Guidelines set out how the Board will manage and use funds that are 
donated or otherwise received to support management of ITC nature reserves. 
 
Use of Monies held in the Property Management Fund 
 
1. Cash contributions given to the ITC to provide funding for the management of nature 
reserves will be deposited into the Property Management Fund. The ITC Board may also 
elect to allocate unrestricted donations and cash contributions to the Property 
Management Fund by resolution. 
 
2. The Board will use the money held in this Fund only to cover costs associated with the 
following purposes: 
 
 Maintenance, enhancement, restoration and improvement of the natural features, 
habitats, ecosystems and amenities of ITC nature reserves; 
 Maintenance and establishment of recreational features within ITC nature reserves 
as determined through management planning; 
 Signage needed to properly manage ITC nature reserves; 
Policy: Guideline 
Approved By: Islands Trust Conservancy 
Board 
Approval Date: August 24, 2021 
Resolution No.: ITC-2021-032 
Amendment Date(s):  N/A 
Policy Holder: Islands Trust Conservancy 

Page 2 of 2 
 
ISLANDS TRUST CONSERVANCY POLICY MANUAL 
 Risk mitigation to ensure the safety of the public and workers; 
 Legal services, arbitration processes and mediation processes required to properly 
manage nature reserves and to address issues of trespass;  
 Reports and expert guidance required to manage the land, including archaeological 
and biological reports and assistance from First Nations Cultural Knowledge Holders. 
 
3. The Board will not use the funds held in the Property Management Fund for costs 
associated with land acquisition. 
 
Allocation of Funds to Specific Nature Reserves 
 
4. Where a donor requests that donated funds be used to support the management of a 
specific nature reserve, the Board will identify and keep a separate accounting of those 
funds for the management of the specified nature reserve in accordance with these 
Guidelines. Funds obtained through development applications will not be all

First 3,000 characters. Open the original for the whole document.