Title
Contaminated Sites Policy C-ES07
Proposed Motion
That Contaminated Sites Policy C-ES07 be approved as presented.
Body
Purpose
The policy establishes standards that Parkland County must satisfy when identifying and remediating contaminated sites.
Summary
This policy was developed to ensure Parkland County's ongoing compliance with the Public Sector Accounting Board's standard "PS 3260- Liability for Contaminated Sites" which was approved in March 2010. Beginning in the 2015 fiscal year, PS 3260 requires municipalities to account for and report liabilities associated with the remediation, maintenance, and monitoring of contaminated sites that they own or accept responsibility for. As the reporting will be ongoing, this policy will ensure consistency in the application of, and annual compliance with, PS 3260 across the organization.
Strategic Plan/Policy/Legal/Staff Implications
Public Sector Accounting Board's standard "PS 3260- Liability for Contaminated Sites"
Financial Impact: N/A
Cost: N/A
Source of Funding: N/A