The Sonoma County Agricultural Preservation and Open Space District, the landmark taxpayer-financed effort that's protected more than 85,000 acres of undeveloped land, has hit financial hard times and is looking at a major strategic overhaul, including a likely slowdown in new land deals.
The changes are driven by two forces: A steep drop in sales tax revenue, the district's main source of cash, and the debt now coming due for a recent three-year bond-supported spending spree on land and conservation easements with private landowners.
In a special meeting Monday of the board of directors, district staff described those fiscal challenges alternately as a "perfect storm" and a "day of reckoning" for the district, which voters first authorized in 1990.
The district is still far from a deficit. But at no time in its 21-year history has it been so financially stressed, staff told the five county supervisors, who serve as the agency's board of directors.
"Our reality is very different," Conservation Program Manager Misti Arias said bluntly.
The stark news is another sign of the recession's blow to county government, which faces a 25 percent drop in spending next fiscal year, due largely to a historic decline in property tax revenue.
But the district's woes are slightly different and several supervisors suggested they were due to a lack of fiscal foresight.
"Bad financial planning," said Efren Carrillo, who serves as president of the open space board.
Director Valerie Brown defended the board, saying a separate entity — the district's Open Space Authority — had primary oversight of financial decisions, up until this year. The authority's recent disbanding — a move granted by voters in their 2006 renewal of the district — gave supervisors tighter control over district finances, Brown said.
"It's time for this board to really get down in the weeds," she said.