Estes Valley Land Trust Inc.

“All conservation easements are monitored through on-site visits to the property on an annual basis. A written monitoring report is prepared and added to the records of the easement. If a violation of an easement is observed during the on-site visit or otherwise comes to the attention of evlt it is dealt with first by staff and, if enforcement is necessary it is brought to the attention of evlt's legal committee. Evlt works with the landowner to correct any violation and, if necessary, can enforce the easement either through legal proceedings or alternative dispute resolution methods. Evlt and the legal committee also work with landowners to avoid violations.”

“Revenues--donations where the donor has restricted the use of funds to stewardship are shown as donor restricted contributions expenses--direct expenses of monitoring and enforcement and a share of indirect operating costs are shown as program expenses balance sheet--quasi-endowment funds are established with donor funds and board allocated funds. The income and principal of these quasi-endowment funds are used for monitoring and enforcement costs now and in the future.”

“Collections and relation to exempt purpose collection items acquired either through purchase or donation are not capitalized. Contributions of collection items are not recognized in the statements of activities. During 2007, the organization received a donation "klandghi and the mountain" a life-size sculpture of a mountain lion in a natural setting which will be displayed at hermit park. The sculpture is to be protected, kept unencumbered, preserved and maintained by volunteers of the organization. In march 2011, the organization received a donation of "bear lake" a painting by niles nordquist which is displayed in the organization's office”

“Stewardship and legal defense fund (1,211,766)--provides funding for future costs of monitoring easements in perpetuity and funding for future costs of enforcing easements in perpetuity perpetuity fund (29,342) -- provides funding for future operating costs of the organization in perpetuity”

“The organization has adopted the recognition requirements for uncertainty in income taxes as required by the financial accounting standards board accounting standards codification 740-10. The standard prescribes a comprehensive model for how an organization should recognize, measure, present and disclose in the financial statements uncertainty in income taxes the organization has taken or expects to take on a tax return. The organization's income tax filings are subject to audit by various taxing authorities. No provisions for income taxes have been made in the financial statements, as the organization has qualified as non-profit organization exempt from income taxes under section 501(c)(3) of the internal revenue code, and has not received any unrelated business income during 2016. The organization believes that it has appropriate support for any uncertainty in income taxes, and as such, does not believe it has any uncertainty in income taxes that are material to the financial statements.”

“Part ii, line 3 - bassow conservation easement (easement 98). This conservation easement contains 7 acres and is bounded on the eastern side by fish creek and fish creek road. On the northeast corner of the property there is a bridge across fish creek serving brook lane road. The september 2013 flooding event resulted in this bridge washing out and needing to be rebuilt in a manner that resulted in larimer county needing to acquire a right of way consisting of 5,400 square feet of the property and the county also acquiring a temporary easement consisting of 4,785 square feet. The work to be done by the county on the right of way and in the temporary easement will not only replace the bridge but restore the creek bed and adjacent riparian areas from the damage caused by the 2013 flood and is designed to mitigate damage downstream (including the bassow property) from any future high water or flooding event. The estes valley land trust amended the conservation easement to release from the conservation easement the small portion covered by the right of way and to consent to the work to be performed by the county in the portion covered by the temporary easement. The proceeds from the payment by the county was added to the land trust's stewardship and defense fund. Furthermore, the work to be performed by the county was considered as enhancing the conservation values of the property through the repairs made and the expected mitigation impact of the work.”