The Ojai Valley Land Conservancy

“The OVLC monitors all Conservation Easements on an annual basis. Monitoring consists of a field visit, completion of a standard monitoring form, and photographs from established photo points. A summary report is then generated for the OVLCs records. If a potential or certain Conservation Easement violation is observed, the landowner is notified in writing and an effort is made to voluntarily address the violation through removal of the violation and/or restoration of damaged conservation values. The OVLC allows 30 days from the time the written notice is issued for a cooperative resolution or approved plan to address resource damage. Measures to correct a violation must result in the return of conservation resources to a condition equal to or better than the conditions prior to the violation. If a cooperative resolution is not achieved within the 30 day notice period, and agreed to in writing, the OVLC will initiate legal remedies. In cases where resource damage is permanent or restoration untenable, the OVLC will seek to replace this value on or off-site through protection of additional similar conservation resources owned by the violating landowner or through the purchase of this protection with funds received from the violating party.”

“Conservation Easements are logged on the OVLC balance sheet as a fixed asset at the nominal value of 1$. Conservation Easements are not reflected as revenue as they have no cash value. Current Conservation Easements are not shown as expenses. In the event that a Conservation Easement is purchased using funds held by the OVLC, an expense for that item will show on the Profit and Loss report as an expense with the asset later being moved to fixed assets at the nominal value. Costs associated with CE monitoring are shown as expenses.”

“The Ojai Valley Land Conservancy serves the public through permanent conservation of open space lands to protect and enhance wildlife habitat, provide opportunities for outdoor recreation, and promote environmental education. This past year hundreds of students visited OVLC lands for educational visits, or to plant a tree, and thousands more have visited preserves for recreational activities such as hiking, biking, and equestrian activities. This past year we maintained 25 miles of trails throughout our preserves and several trails in the Los Padres National Forest, negotiated a new trail easement that links 2 new neighborhoods to the Ojai Meadows Preserve, assisted planting projects in 2 city parks with volunteers, trained 25 people to earn a certification as a California Naturalist, partnered with public agencies to construct a storm water bio-swale to improve water quality, and planted thousands of native trees and shrubs on OVLC preserves that create habitat, scenic beauty, and mitigate the impacts of climate change. We also managed the removal of 20 acres of invasive Giant Reed from San Antonio Creek to save water and promote the recovery of native streamside plants, coordinated with others to create a trail linkage between Ojai and Santa Barbara, and hosted a series of educational talks about the natural wonders of the Ojai Valley.”

“The intended use of the operational portion of the quasi-endowment balance is to generate returns to support OVLC operations. The intended use of the Ojai Meadows Preserve (OMP) portion of the quasi-endowment is to generate returns to support the management of the Ojai Meadows Preserve.”

“Depreciation on Rental Revenue $60794”

“Depreciation on Rental Revenue $60794”