Abstract
Municipal forests primarily provide ecosystem services which are in demand by residents. If they are to meet the demands of Prague’s citizens, managers need good quality information and appropriate financial resources. One important piece of data is a valuation of all ecosystem services. The aim of this paper is to assess the current level of organisation and funding of forest management, estimate the value of forest functions and contribute to improvements in annual reporting by the Forests of the City of Prague. The results of the valuation could potentially be used for the improvement of decision making processes. The organisational structure (Centre of Forests, Watercourses and Reservoirs, Ornamental Nursery Management and Environmental Education) has been effective in delivering sustainable forest management in the City. In addition, forest management of the City of Prague has been independently certified under the Forest Stewardship Council (FSC) International Standard since May 2007.