2021 Annual Report

For the year ended December 31, 2021 Notes to the Consolidated Financial Statements Consolidated Financial Statements

6. Accounts Payable and Accrued Liabilities

2021

2020

Accounts Payable:

(Restated-Note 24)

General

$

9,779,172 $

8,237,574 12,951,353

Other Governments Salaries and Wages

14,853,709 1,639,827 26,272,708 3,750,986 887,756 1,124,066 5,762,808

960,069

22,148,996

Accrued Liabilities: Landfill Liability

4,078,820

Vacation Pay

686,557

Other Employment Benefits

1,133,523 5,898,900 28,047,896

$

32,035,516 $

The City's Landfill closed in 1989 and legislation requires closure and post closure care of solid waste landfill sites. Closure is estimated to be completed in 2030 and includes final covering, landscaping, erosion control, leachate and gas management. Post closure requirements extend for 30 years beyond completion of the closure plan and includes inspection and maintenance of the final covering, ground water monitoring, gas management systems operations, inspections and annual reports. The liability recognized in the consolidated financial statements is the present value of the expected future cash flows for the closure and post closure care activities and is subject to measurement uncertainty. The inflation rate used was 2.16% (2% for 2020) and the discount rate was 2.59% (2.43% for 2020). As at the Consolidated Financial Statement date the feasibility of a revised closure plan is being considered. Should a revised plan be approved by the provincial regulator, it is expected the liability will increase. 7. Contingencies and Commitments: (a) Where losses related to litigation are likely and can be reasonably estimated management accrues its best estimate of loss. These amounts are included in accounts payable and accrued liabilities. There are various other claims by and against the City, the outcome of which cannot reasonably be estimated. Any ultimate settlements will be recorded in the year the settlements occur and are not expected to be material. (b) In 1998 the City entered into an agreement to purchase ice sheet time for five years commencing in 1999, with five five-year renewal options. In 2018, the agreement was renewed for an additional five-year period. The minimum annual payment due for the provision of ice time is $706,000. Additional ice time is purchased separately. These payments are recorded as expenses when the ice time is provided. (c) The City is a shareholder and member of E-Comm Emergency Communications for British Columbia Incorporated ("E-Comm") whose services provided include: regional 9-1-1 call centre for the Greater Vancouver Regional District; Wide Area Radio network; dispatch operations; and records management. The city has 1 Class A share and 2 Class B shares (of a total of 36 Class A shares and 19 Class B shares issued and outstanding as of December 31, 2021. As a class A shareholder, the City shares in both funding the future operations and capital obligations of E-Comm (in accordance with a cost sharing formula), including any lease obligations committed to by E Comm up to the shareholder's withdrawal date.

City of Maple Ridge - 2021 Annual Report 49