metrovancouver
METRO VANCOUVER
FINANCIAL INFORMATION ACT FILING
STATEMENT OF FINANCIAL INFORMATION
FOR THE YEAR ENDED DECEMBER 31, 2016
THIS STATEMENT OF FINANCIAL INFORMATON INCLUDES THE ACCOUNTS OF:
METRO VANCOUVER REGIONAL DISTRICT GREATER VANCOUVER WATER DISTRICT GREATER VANCOUVER SEWERAGE AND DRAINAGE DISTRICT METRO VANCOUVER HOUSING CORPORATION
• SERVICES AND SOLUTIONS FOR A LIVABLE REGION Metro Vancouver Regional District Greater Vancouver Water District Greater Vancouver Sewerage & Drainage District Metro Vancouver Housing Corporation
2016 STATEMENT OF FINANCIAL INFORMATION APPROVAL
The undersigned, as authorized by the Financial Information Regulation,
Schedule 1, subsection 9(2), approves all the statements and schedules included in this 2016 Statement of Financial Information, produced under the Financial
Information Act.
Phil Trotzuk, Chief Financial Officer May 2, 2017
Prepared pursuant to the Financial Information Regulation, Schedule 1, section 9 STATEMENT OF FINANCIAL INFORMATION For the Year Ended December 31, 2016
INDEX
SECTION I
Consolidated Financial Statements
SECTION II
Other Schedules
1) Guarantee and Indemnity Agreements ...... …………..None
2) Remuneration and Expenses
Members of the Board of Directors And Elected Officials ...... Schedule 1
Employees ...... Schedule 2
Reconciliation of Remuneration and Expenses To Financial Statements ...... Schedule 3
Statement of Severance Agreements ...... Schedule 4
3) Schedule of Payments to Suppliers for Goods and Services
Payments to Canadian Suppliers ($CDN) ...... Schedule 5
Payments to U.S. Suppliers ($US) ...... Schedule 6
Reconciliation of Payments for Goods and Services to Financial Statement ...... Schedule 7
SECTION I
Consolidated Financial Statements Consolidated Financial Statements of
GREATER VANCOUVER REGIONAL DISTRICT (OPERATING AS METRO VANCOUVER) Year ended December 31, 2016 GREATER VANCOUVER REGIONAL DISTRICT Index to Consolidated Financial Statements
December 31, 2016
Exhibit
Independent Auditor's Report
Management Report
Consolidated Statement of Financial Position A
Consolidated Statement of Operations B
Consolidated Statement of Change in Net Debt C
Consolidated Statement of Cash Flows D
Notes to Consolidated Financial Statements
Schedule
Unaudited Consolidated Schedules of:
Operating Fund 1
Capital and Other Funds 2
Independent Auditor’s Report
To the members of the Board of Directors of the Metro Vancouver Regional District
We have audited the accompanying financial statements of the Greater Vancouver Regional District, which comprise the Statement Financial Position as at December 31, 2016, and the Statements of Operations, Change in Net Financial Assets and Cash Flows for the year then ended, and a summary of significant accounting policies and other explanatory information.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with Canadian public sector accounting standards, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, the financial statements present fairly, in all material respects, the financial position of the Greater Vancouver Regional District as at December 31, 2016 and the results of its operations, change in net financial assets and cash flows for the year then ended in accordance with Canadian public sector accounting standards.
Chartered Professional Accountants Vancouver, British Columbia April 28, 2017 GREATER VANCOUVER DISTRICTS’ AND METRO VANCOUVER HOUSING CORPORATION (Operating as Metro Vancouver) MANAGEMENT REPORT
The Consolidated Financial Statements contained in this report have been prepared by management in accordance with Canadian public sector accounting standards. The integrity and objectivity of these statements are management’s responsibility. Management is responsible for all the statements and schedules, and for ensuring that this information is consistent, where appropriate, with the information contained in the financial statements.
Management is also responsible for implementing and maintaining a system of internal controls to provide reasonable assurance that reliable financial information is produced.
The Metro Vancouver Regional District’s(1) Board of Directors is responsible for approving the consolidated financial statements and for ensuring that management fulfills its responsibilities for financial reporting and internal control and exercises this responsibility through the Performance and Audit Committee of the Board.
The external auditors, BDO Canada LLP, conduct an independent examination, in accordance with Canadian Auditing Standards, and express their opinion on the consolidated financial statements. Their examination does not relate to the other schedules and statements required by the Financial Information Act. The Independent Auditor’s Report outlines the scope of the audit for the year ended December 31, 2016.
On behalf of the Metro Vancouver Regional District(1), Greater Vancouver Sewerage & Drainage District, Greater Vancouver Water District and Metro Vancouver Housing Corporation.
Date: April 28, 2017 Phil Trotzuk, Chief Financial Officer
(1) Effective January 30, the Greater Vancouver Regional District changed its name to the Metro Vancouver Regional District. GREATER VANCOUVER REGIONAL DISTRICT Exhibit A Consolidated Statement of Financial Position
Year ended December 31, 2016
2016 2015
Financial Assets Cash and cash equivalents $ 39,672,708 $ 38,000,105 Accounts receivable (note 2) 98,012,317 116,467,508 Due from TransLink and member municipalities (note 3) 1,065,454,157 1,116,737,614 Investments (note 4) 529,060,836 424,213,303 Debt reserve fund (note 5) 56,785,649 56,680,190 1,788,985,667 1,752,098,720 Liabilities Accounts payable and accrued liabilities (note 6) 115,925,665 134,516,144 Employee future benefits (note 7) 13,658,500 13,756,000 Landfill closure and post-closure liability (note 8) 30,707,896 31,612,359 Deferred revenue and refundable deposits (note 9) 277,688,704 258,103,611 Debt reserve fund, member municipalities and TransLink (note 5) 38,808,653 39,711,503
Debt (net of sinking funds) (note 10) Greater Vancouver Districts and Metro Vancouver Housing Corporation 906,036,374 851,066,533 Translink and member municipalities 1,054,423,155 1,105,143,083 Total debt 1,960,459,529 1,956,209,616 2,437,248,947 2,433,909,233 Net Debt (648,263,280) (681,810,513)
Non-Financial Assets Tangible capital assets (note 11) 4,549,205,879 4,389,059,837 Inventories of supplies 5,829,543 5,933,767 Prepaid land leases (note 12) 6,036,297 6,231,096 Prepaid expenses 4,979,884 4,983,444 4,566,051,603 4,406,208,144
Accumulated surplus (note 13) $ 3,917,788,323 $ 3,724,397,631
Commitments (note 14) Contingencies (note 15)
The accompanying notes are an integral part of these consolidated financial statements.
Chief Financial Officer
Board Chair
GREATER VANCOUVER REGIONAL DISTRICT Exhibit B Consolidated Statement of Operations
Year ended December 31, 2016
2016 2016 2015 Budget Actual Actual (note 16)
Revenue (note 17) GVRD property tax requisitions $ 50,291,409 $ 50,291,409 $ 47,533,516 Metered sale of water 251,824,851 251,217,868 247,865,697 Sewerage and drainage levy 200,250,619 200,250,619 192,334,433 Tipping fees 80,015,101 93,504,371 83,290,870 BODTSS industrial charges 8,518,412 8,495,783 8,286,783 Electricity sales 5,719,900 5,796,681 5,213,664 Development cost charges 3,488,610 6,045,889 5,375,200 Trucked liquid waste fees 1,115,908 1,023,542 1,159,743 Source control fees 1,342,853 1,178,808 1,166,244 Housing property rentals 35,770,618 36,828,554 35,579,134 Grants and other contributions 7,839,771 11,841,641 5,746,413 User fees, recoveries and other revenue 21,623,295 24,521,215 23,950,300 Sinking fund and interest income 25,644,049 28,837,639 26,974,896 Sinking fund income, members and TransLink 24,133,714 30,291,885 27,381,798 717,579,110 750,125,904 711,858,691
Expenses (note 17) Sewer operations 153,846,305 146,263,323 139,169,166 Waste disposal, recycling and regulatory services 90,786,413 99,837,146 93,842,982 Water operations 143,202,381 129,011,787 126,513,072 Housing rental operations 34,285,500 34,119,770 31,632,390 General government services 13,193,496 12,086,801 11,241,147 Regional parks 27,473,327 27,077,972 24,302,811 Air quality 7,502,106 7,386,300 7,516,478 Labour relations 2,371,995 1,949,153 1,733,115 911 emergency telephone system 4,045,878 4,019,816 3,946,152 Electoral areas 413,258 396,399 249,090 Regional global positioning system 734,214 481,831 687,866 Sasamat volunteer fire department 807,322 193,903 199,328 Regional planning 3,117,736 2,664,939 2,436,365 Integrated Partnership for Regional Emergency Management 300,000 313,292 - Corporate program costs 60,936,501 47,441,583 47,120,318 Building operations 11,032,284 13,199,312 6,151,148 Sinking fund income attributed to members and TransLink 24,133,714 30,291,885 27,381,798 578,182,430 556,735,212 524,123,226
Annual surplus 139,396,680 193,390,692 187,735,465
Accumulated surplus, beginning of year 3,724,397,631 3,724,397,631 3,536,662,166
Accumulated surplus, end of year $ 3,863,794,311 $ 3,917,788,323 $ 3,724,397,631
The accompanying notes are an integral part of these consolidated financial statements. GREATER VANCOUVER REGIONAL DISTRICT Exhibit C Consolidated Statement of Change in Net Debt
Year ended December 31, 2016
2016 2016 2015 Budget Actual Actual (note 16)
Annual surplus $ 139,396,680 $ 193,390,692 $ 187,735,465
Change in tangible capital assets Acquisition of tangible capital assets (351,818,129) (237,318,540) (367,663,454) Amortization of tangible capital assets 69,787,126 74,994,413 66,248,844 Disposal of tangible capital assets - 2,178,085 6,557,287 (282,031,003) (160,146,042) (294,857,323)
Change in other non-financial assets Acquisition of prepaid expenses - (3,210,632) (4,638,410) Use of prepaid expenses - 3,214,192 1,761,208 Amortization of prepaid land leases 194,799 194,799 194,800 Acquisition of inventories of supplies - (5,829,543) (5,933,767) Consumption of inventories of supplies - 5,933,767 5,469,142 194,799 302,583 (3,147,027)
Change in net debt (142,439,524) 33,547,233 (110,268,885)
Net debt, beginning of year (681,810,513) (681,810,513) (571,541,628)
Net debt, end of year $ (824,250,037) $ (648,263,280) $ (681,810,513)
The accompanying notes are an integral part of these consolidated financial statements. GREATER VANCOUVER REGIONAL DISTRICT Exhibit D Consolidated Statement of Cash Flows
Year ended December 31, 2016
2016 2015
Cash provided by (used in):
Operating transactions: Annual surplus $ 193,390,692 $ 187,735,465 Items not involving cash Amortization of tangible capital assets 74,994,413 66,248,844 Amortization of prepaid land leases 194,799 194,800 Sinking fund income (52,728,352) (48,252,245) Debt reserve fund income (1,578,037) (1,421,461) Accrued interest and unamortized premium or discount (1,234,731) (1,268,057) Loss on disposal of tangible capital assets 1,910,226 5,961,704 Employee future benefit expense 1,807,700 1,816,300 Employee future benefits paid (1,905,200) (1,668,800) Change in landfill closure and post-closure liability (904,463) 358,990 Change in non-cash assets and liabilities Accounts receivable 18,455,191 (28,120,169) Due from Translink and member municipalities 51,283,457 35,053,048 Accounts payable and accrued liabilities (18,590,479) (21,898,104) Deferred revenue and refundable deposits 19,585,093 23,787,788 Debt reserve fund, member municipalities and TransLink (902,850) 820,308 Inventories of supplies 104,224 (464,625) Prepaid expenses 3,560 (2,877,202) Net change in cash from operating transactions 283,885,243 216,006,584
Capital transactions: Proceeds on sale of tangible capital assets 267,859 595,583 Acquisition of tangible capital assets (net) (237,318,540) (367,663,454) Net change in cash from capital transactions (237,050,681) (367,067,871)
Investing transactions: Acquisition of investments (380,755,680) (386,948,348) Investment maturities 277,142,878 578,619,028 Net change in cash from investing transactions (103,612,802) 191,670,680
Financing transactions: Debenture debt and mortgages issued 204,772,377 121,500,000 Debt reserve fund issuances (1,497,724) (1,215,000) Debt reserve fund maturity 2,970,302 1,074,683 Sinking fund payments (130,824,806) (127,301,337) Principal repayments on housing mortgages and serial debt maturity (16,969,306) (16,182,787) Sinking fund retirement 139,234,070 45,234,000 Debenture debt maturity (139,234,070) (45,234,000) Net change in cash from financing transactions 58,450,843 (22,124,441)
Net change in cash and cash equivalents 1,672,603 18,484,952
Cash and cash equivalents, beginning of year 38,000,105 19,515,153 Cash and cash equivalents, end of year $ 39,672,708 $ 38,000,105
The accompanying notes are an integral part of these consolidated financial statements. GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 1
Year ended December 31, 2016
1. Significant Accounting Policies
The Greater Vancouver Regional District’s (the “District”) (operating as Metro Vancouver) consolidated financial statements reflect the assets, liabilities, revenues and expenses of four legal entities: the Greater Vancouver Regional District (“GVRD”), the Greater Vancouver Sewerage and Drainage District (“GVS&DD”), the Greater Vancouver Water District (“GVWD”) and the Metro Vancouver Housing Corporation (“MVHC”).
The GVRD was established under the Local Government Act of British Columbia. It provides a number of specific and agreed upon services directly to the public and its member municipalities, the major one of which is the ownership and operation of a network of regional parks. Its Board of Directors comprises mayors and councilors from the member municipalities appointed for that purpose by the municipalities. The number of directors, and the number of votes each may cast, is based upon the population of the municipality. Under the legislation, all staff, even if their work is under the authority of the related legal entities, are employees of the GVRD. The District serves as the borrowing conduit between member municipalities (excluding the City of Vancouver) and the Municipal Finance Authority of British Columbia (MFA). The GVS&DD and GVWD also access MFA through the GVRD. Prior to the enactment of the South Coast British Columbia Transportation Authority (SCBCTA) in 2007, the District also served as the borrowing conduit for the Greater Vancouver Transportation Authority (GVTA), commonly referred to as “TransLink”. The District is no longer the borrowing conduit for TransLink; however, under the terms of the SCBCTA Act, the District, SCBCTA and the municipalities in the transportation service region are jointly and severally liable for obligations arising under a security issued by the District on behalf of TransLink.
The GVS&DD was established by an Act of the same name in 1956. Its two principal responsibilities are the collection, treatment and discharge of liquid waste for the municipalities of the GVRD, and the disposal of solid waste for the municipalities of the GVRD and the public. GVS&DD owns and operates wastewater treatment plants and a related collection network connected to the municipal collection systems, and several solid waste facilities including a waste to energy facility. Its Board of Directors comprises the same councilors and mayors as appointed to the GVRD Board by the participating municipalities. The member municipalities, under the Act, are jointly and severally liable for debts of GVS&DD.
The GVWD was established by an Act of the same name in 1924. Its primary responsibility is the supply of potable water to its member municipalities. Its Board of Directors comprises the same councilors and mayors as appointed to the GVRD Board by the participating municipalities. GVWD owns or holds under a 999 year lease from the Province, an extensive closed watershed network as its source of supply. It owns a series of dams, reservoirs, water treatment plants and a distribution network connecting to the municipal distribution systems. The member municipalities, under the Act, are jointly and severally liable for debts of GVWD. GVWD also owns and is responsible for operating and maintaining office buildings that are leased to GVRD and its related entities.
The MVHC is a wholly-owned subsidiary of the GVRD. The MVHC was incorporated under the Business Corporations Act (British Columbia) to own and operate housing sites within the Lower Mainland for the purpose of providing affordable rental housing on a non-profit basis. GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 2
Year ended December 31, 2016
1. Significant Accounting Policies
The consolidated financial statements of the District are prepared by management in accordance with Canadian public sector accounting standards (“PSAS”). Significant accounting policies adopted by the District are as follows:
Basis of The consolidated financial statements reflect the combined assets, Consolidation liabilities, revenues and expenses of the reporting entity. The reporting entity comprises the GVRD, the GVS&DD, the GVWD and the MVHC. These organizations are controlled by the District. All transactions and balances between these entities have been eliminated on consolidation.
Basis of Accounting The District follows the accrual method of accounting for revenue and expenses. Revenue is normally recognized in the year in which it is earned and measurable. Expenses are recognized as they are incurred and measurable as a result of the receipt of goods or services and/or the legal obligation to pay.
Government Government transfers, are recognized as revenue in the financial Transfers statements when the transfer is authorized and any eligibility criteria are met, except to the extent that transfer stipulations give rise to an obligation that meets the definition of a liability. The transfer of revenue is initially deferred and then recognized in the statement of operations as the stipulation liabilities are settled.
When the District is deemed the transferor, the transfer expense is recognized when the recipient is authorized and has met the eligibility criteria.
Deferred Revenue, Deferred revenue represents licenses, permits, development cost Refundable Deposits charges, security deposits, restricted contributions and other fees and Restricted which have been collected, but for which the related services or Contributions obligations have yet to be performed. These amounts will be recognized as revenue in the fiscal year the services are performed or obligations and stipulations have been met.
Sinking Fund and Sinking fund and interest income is reported as revenue in the period Interest Income earned. When required, based on external restrictions, interest income earned on deferred revenue is added to and forms part of the deferred revenue balance and is recognized into income when related stipulations are met. GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 3
Year ended December 31, 2016
1. Significant Accounting Policies (continued)
Debenture Issue Debenture issue costs are recorded as an expense in operations as Costs incurred.
Cash Equivalents Cash equivalents include highly liquid financial instruments with a term to maturity of ninety days or less at the date of acquisition. Cash equivalents are recorded at the lower of cost plus accrued interest and market value.
Investments Investments consist of both long and short-term instruments and are recorded at amortized cost. Short-term investments consist primarily of money market instruments with an original maturity greater than ninety days at the date of acquisition but less than one year. Long-term investments consist primarily of bonds and fixed income securities with maturity greater than one year at the date of acquisition.
Employee Future The District and its employees participate in the Municipal Pension Benefits Plan. The Municipal Pension Plan is a multi-employer contributory defined benefit pension plan. Payments made in the year are expensed.
Under the terms of various collective agreements and compensation policies, the District provides paid sick leave to eligible employees and in certain agreements allows unused sick days to accumulate. There are no payouts of unused sick days at termination. In addition, employees acquire certain employee benefits on termination and retirement. These include days for severance based on years of service, vacation based on years of service, Worker’s Compensation top-up, and a full year’s vacation entitlement in the year of retirement. The costs of these benefits are actuarially determined based on service and best estimates of retirement ages and expected future salary and wage increases. The obligation under these benefit plans is accrued based on projected benefits as the employees render services necessary to earn the future benefits. Actuarial gains and losses are amortized over the expected average remaining service period of the related employee group, commencing the year after the gain or loss arises.
Landfill Closure and The estimated present value of landfill closure and post-closure costs is Post-Closure Liability recognized as a liability. This liability is recognized based on estimated future expenses, including estimated inflation discounted to the current date and accrued based on the proportion of the total capacity of the landfill used as of the date of the statement of financial position. The change in this estimated liability during the year is recorded as an expense in operations. These estimates are reviewed and adjusted annually and any changes are recorded on a prospective basis. GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 4
Year ended December 31, 2016
1. Significant Accounting Policies (continued) Non-Financial Non-financial assets are not available to discharge existing liabilities Assets and are held for use in the provision of services. They have useful lives extending beyond the current year and are not intended for sale in the ordinary course of operations. Tangible Tangible capital assets are recorded at cost which includes amounts that Capital Assets are directly attributable to acquisition, construction, development or betterment of the asset. The cost, less residual value, of the tangible capital assets, except land, is amortized over their estimated useful lives. All assets are amortized on a straight line basis as follows:
Asset Useful Life – Years Buildings • Housing 25 – 35 • Parks 50 • Watershed 25 • Corporate – Head Office 40 Infrastructure • Sewer o Wastewater treatment, pumping stations 50 o Interceptors and trunk sewer, drainage 100 • Solid Waste 25 – 30 • Water o Dams, reservoirs 150 o Supply mains 100 o Distribution systems, drinking water treatment 50 • Parks o Bridges, culverts, fencing 20 – 40 o Trails 100 o Roads, erosion protection, water and sewer 100 systems • Information technology systems and networks 5 – 10 Vehicles 5 – 20 Machinery, Equipment, Furniture and Fixtures 5 – 20 GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 5
Year ended December 31, 2016
1. Significant Accounting Policies (continued)
Non-Financial Assets (continued)
Tangible a. Annual amortization Capital Assets Annual amortization begins when the asset is put in service and is expensed over its useful life. Assets under construction are transferred to the appropriate asset class and are amortized from the date the asset is put into productive use. b. Contributions of tangible capital assets Contributions of tangible capital assets are recorded at their fair value at the date of receipt and as contribution revenue. c. Works of art and cultural and historic assets Works of art and cultural and historic assets are not recorded as assets in these financial statements. d. Interest capitalization The Districts do not capitalize interest costs associated with the acquisition or construction of a tangible capital asset.
Inventories of Inventories of supplies held for consumption are recorded at the lower Supplies of weighted-average cost and replacement cost.
Prepaid Land Prepaid land leases are recorded at historical cost less accumulated Leases amortization. Upon expiration of the lease contract, the property will revert to the lessor. Prepaid land leases are amortized on a straight- line basis over the lease term.
Revenue Property tax revenues and sewerage and drainage revenues from Recognition member municipalities are recognized in the year they are levied. Metered sale of water, tipping fees, permits, cost sharing and other revenue are recognized as revenue on an accrual basis according to the usage and rates approved and set by the Board. Housing property rental revenue is recognized over the rental period once the tenant commences occupancy, rent is due and collection is assured. Segmented A segment is defined as a distinguishable activity or group of activities of Information a government for which it is appropriate to separately report financial information to achieve the objectives of the standard. The District has provided definitions of the District’s segments as well as presented financial information in segmented format in note 17. GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 6
Year ended December 31, 2016
1. Significant Accounting Policies (continued)
Liability for A liability for remediation of a contaminated site is recognized when Contaminated Sites the site is no longer in productive use and the following criteria are satisfied: an environmental standard exists; contamination exceeds the standard; the District is either directly responsible or has accepted responsibility for remediation; it is expected that future economic benefits will be given up and a reasonable estimate of the liability can be made.
Use of Estimates The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the period. Significant areas requiring the use of management’s judgment relate to the determination of accrued liabilities, contaminated sites liabilities, the employee future benefits liability, the amortization rates for tangible capital assets, the landfill closure and post-closure liability in GVS&DD and the assessment of all contingencies.
These estimates and assumptions are based on management’s best information and judgment and may differ from actual results. Adjustments, if any, will be reflected in the financial statements in the period that the change in estimate is made, as well as in the period of settlement if the amount is different. GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 7
Year ended December 31, 2016
2. Accounts Receivable
2016 2015
GVWD $ 53,062,184 $ 72,632,512 GVS&DD 37,983,399 38,161,502 MVHC 480,267 396,339 GVRD 6,486,467 5,277,155 $ 98,012,317 $ 116,467,508
3. Due from TransLink and Member Municipalities The District is reimbursed for amounts paid to the Municipal Finance Authority (“MFA”) for the obligations incurred on behalf of its member municipalities and TransLink whose undertakings were financed out of the proceeds of these obligations (refer to note 10). The amount recoverable is net of sinking funds and includes accrued interest as follows:
Net Debt Accrued Recoverable Interest 2016 2015
TransLink $ 558,957,741 $ 6,216,083 $ 565,173,824 $ 641,007,880 Member Municipalities 495,465,414 4,814,919 500,280,333 475,729,734 $ 1,054,423,155 $ 11,031,002 $ 1,065,454,157 $ 1,116,737,614
4. Investments
Yields Maturity Dates 2016 2015
Bonds: Government 1.75 – 3.11% December 2017 – March 2031 $ 74,328,472 $ 66,240,969 Corporate 0.85 – 3.19% January 2017 – August 2026 302,764,943 251,744,368 . Unamortized premium or discount (3,012,629) (4,247,359) 374,080,786 313,737,975 Term deposits 1.45 – 2.27% January 2017 – August 2019 145,000,000 100,000,000 Money market 0.86% February 2017 4,980,050 10,475,325 GICs 2.10% August 2019 5,000,000 - Total $ 529,060,836 $ 424,213,303 Government bonds include debt securities issued by the federal and provincial governments of Canada, and the Municipal Finance Authority of British Columbia. Corporate bonds include Schedule I and II chartered banks of Canada. Market value of investments at December 31, 2016 was $533,609,625 (2015 - $430,245,924). GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 8
Year ended December 31, 2016
5. Debt Reserve Fund The Municipal Finance Authority (“MFA”) provides financing for regional districts and member municipalities. The MFA is required to establish a Debt Reserve Fund for each debenture issue equal to one-half the average annual installment of principal and interest. The debt reserve fund is comprised of cash deposits equal to 1% of the principal amount borrowed and a non- interest bearing demand note for the remaining requirement. Cash deposits held by the MFA are payable with interest to the ultimate borrower when the final obligations under the respective loan agreements have been made. If, at any time, the District has insufficient funds to meet payments due on its obligations to MFA, the payments will be made from the debt reserve fund. The demand notes are callable only if there are additional requirements to be met to maintain the level of the debt reserve fund. At December 31, 2016, $95,527,519 (2015 - $96,522,518) in callable demand notes were outstanding and have not been recorded in the statement of financial position.
2016 2015 Cash deposits held by MFA on behalf of: Translink and member municipalities $ 38,808,653 $ 39,711,503 Greater Vancouver Districts 17,976,996 16,968,687 $ 56,785,649 $ 56,680,190
6. Accounts Payable and Accrued Liabilities
2016 2015
Trade accounts $ 76,039,265 $ 77,353,990 Construction holdbacks 6,801,938 26,410,765 Accrued interest on debt 20,472,302 20,914,694 Wage accruals 12,445,558 8,703,794 Other 166,602 1,132,901 $ 115,925,665 $ 134,516,144 GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 9
Year ended December 31, 2016
7. Employee Future Benefits The employee future benefits have been based on the results of an actuarial valuation done by an independent actuarial firm. A full valuation was performed as of December 31, 2016. Information about liabilities for the District’s employee benefit plans is as follows:
2016 2015 Accrued benefit liability: Accrued benefit obligation, end of year $ 18,970,500 $ 16,409,600 Unamortized actuarial loss (5,312,000) (2,653,600) Accrued benefit liability, end of year $ 13,658,500 $ 13,756,000
2016 2015 Accrued benefit obligation: Balance, beginning of year $ 16,409,600 $ 16,791,900 Current service cost 1,014,400 992,100 Interest cost 511,700 521,900 Benefits paid (1,905,200) (1,668,800) Actuarial (gain) / loss 2,940,000 (227,500) Accrued benefit obligation, end of year $ 18,970,500 $ 16,409,600
2016 2015 Employee future benefit expense: Current service cost $ 1,014,400 $ 992,100 Interest cost 511,700 521,900 Amortization of the actuarial loss (gain) 281,600 302,300 $ 1,807,700 $ 1,816,300
The significant actuarial assumptions adopted in measuring the District’s accrued benefit obligation are as follows: 2016 2015 Discount rates 3.00% 3.10% Expected future inflation rates 1.80% 2.25% Expected average remaining service period 11 years 11 years GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 10
Year ended December 31, 2016
8. Landfill Closure and Post-Closure Liability The District is responsible for its share of closure and post-closure costs at the four landfill sites, Vancouver, Cache Creek, Coquitlam and Port Mann. The closure and post-closure liability associated with these landfills is as follows:
2016 2015
Vancouver $ 30,107,896 $ 26,746,521 Cache Creek 600,000 4,865,838 Total closure and post-closure liability $ 30,707,896 $ 31,612,359
a) The Vancouver landfill is located in Delta, BC. In accordance with an agreement with the City of Vancouver, the District is responsible for its proportionate share of the closure and post-closure liability based on usage. The present value of the District’s estimated future liability for these expenses is recognized as the landfill site’s capacity is used follows:
2016 2015
Opening Balance $ 26,746,521 $ 24,255,706 Impact due to changes in: Utilization 1,910,136 1,222,381 Assumptions 1,229,745 1,052,568 Discount rate 221,494 215,866 Closing balance $ 30,107,896 $ 26,746,521
The closure and post-closure liability and annual expense is calculated based on the ratio of actual utilization to total expected utilization of the site’s capacity at the date of closure. It is based on estimates and assumptions with respect to events extending over the remaining life of the Vancouver landfill, including provisions contained in Metro Vancouver’s Integrated Solid Waste and Resource Management Plan. The significant estimates and assumptions adopted in measuring the District’s share of the closure and post-closure liability are as follows:
2016 2015 Current actual utilization (in tonnes) 19,227,644 18,652,698 Expected utilization at closure (in tonnes) 25,505,982 25,397,402 Permitted capacity (in tonnes) 33,039,183 33,039,183 Proportionate share of liability 28.8% 27.6% Percent of utilization at closure 75.4% 73.4% Discount rate 3.68% 3.75% Expected post-closure period 30 years 30 years Expected closure date December 31, 2037 December 31, 2037 GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 11
Year ended December 31, 2016
8. Landfill Closure and Post-Closure Liability (continued)
b) The Cache Creek landfill is located in the Village of Cache Creek, BC. The landfill permit obligates the Village of Cache Creek and a third party service provider to undertake closure and post-closure activities. The District, in accordance with an agreement with the Village, is required to contribute quarterly to a trust fund, held with the Province of British Columbia, to a Post Closure Maintenance and Repair Fund at rates consistent with the operational certificate for the landfill. The agreement indemnifies the Village for any post closure liabilities which are not covered by this fund. At December 31, 2016, the trust had $14,833,227 (2015 - $14,360,231). The Cache Creek landfill was closed July 2016. The closure and post-closure liability and annual expense is calculated based on the ratio of actual utilization to total expected utilization of the site’s capacity at the date of closure. In 2016, $4,083,002 (2015 - $2,556,005) in closure costs were paid by the District. The present value of the District’s estimated future liability for closure and post-closure is as follows:
2016 2015
Opening balance $ 19,226,069 $ 20,894,946 Closure costs paid (4,083,002) (2,556,005) Impact due to change in: Utilization 62,114 278,569 Assumptions 217,926 605,278 Discount rate 10,120 3,281 Closing balance $ 15,433,227 $ 19,226,069 Less post-closure fund (14,833,227) (14,360,231) Closure liability $ 600,000 $ 4,865,838
The liability is based on significant estimates and assumptions adopted in measuring the closure and post-closure liability and are as follows:
2016 2015 Current actual utilization (in tonnes) 10,318,780 9,082,998 Expected utilization at closure (in tonnes) 10,318,780 9,232,998 Permitted capacity (in tonnes) 10,371,594 9,348,000 Percent of utilization at closure 99.5% 98.8% Discount rate 3.68% 3.75% Expected post-closure period 30 years 30 years Expected closure date n/a December 31, 2016
c) The Coquitlam landfill and Port Mann Landfill were closed in 1983 and 1997, respectively and there are no further closure and post-closure liabilities. GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 12
Year ended December 31, 2016
9. Deferred Revenue and Refundable Deposits The deferred revenue reported on the consolidated statement of financial position consists of the following:
2016 2015
MVHC restricted funds (a) i) Rental operations – Section 27 $ 3,473,106 $ 3,025,056 i) Rental operations – BCHMC agreements 1,799,364 1,763,778 ii) Replacement projects 6,662,922 9,053,592 11,935,392 13,842,426 GVS&DD development cost charges (b) 260,907,487 239,803,350 MVHC tenant security deposits 1,906,906 1,825,446 Other 2,938,919 2,632,389
Total $ 277,688,704 $ 258,103,611
a) Amounts received under the following MVHC programs have been recorded as deferred revenue: i) Section 27 Rental Operations: Under agreement with British Columbia Housing Management Commission (“BCHMC”), any excess funds received are restricted and are to be used to offset future operating deficits in this program. Unspent funds may be used for other purposes as approved by BCHMC. In the event that unspent funds exceed the maximum of $500 per unit, BCHMC may require they be repaid. ii) Section 95 Rental Subsidy: Pursuant to Section 95 of the National Housing Act ("NHA") a portion of the funds received from rental operations to a cumulative maximum of $500 per unit are restricted and can only be used by MVHC according to the terms of the agreement with BCHMC. The amounts are recorded as deferred revenue and are used when expenditures exceed revenue in the program. iii) Replacement Projects: Under operating agreements entered into with Canada Mortgage and Housing Corporation (“CMHC”) and administered by BCHMC, a portion of the funds received from rental operations are restricted for the replacement of equipment and specified building components. These funds are deferred until spent on approved items. In accordance with the original CMHC agreements (Section 27 and Section 95), from the inception of a project, a maximum of 1% per annum of the original construction cost of the building is restricted and recorded as deferred revenue. With the administrative approval of BCHMC, the potential of restricted contributions may be adjusted from time to time based on an asset life cycle analysis. Expenditures funded from deferred revenue are periodically reviewed by BCHMC, and are restricted to the replacement of equipment and specified building components. In accordance with BCHMC agreements (Homes BC and Seniors project), any receipts in excess of expenses are restricted for approved projected capital repairs and replacements for each project. These revenues are deferred until spent on approved items. GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 13
Year ended December 31, 2016
9. Deferred Revenue and Refundable Deposits (continued)
b) The GVS&DD Act restricts the District to applying money raised from development cost charges to funding sewer capital projects, including the repayment of debt raised to fund such projects. The balance of these amounts at December 31, 2016 is $260,907,487 (2015 - $239,803,350) and is included in deferred revenue until spent on approved purposes.
Continuity of deferred revenue and refundable deposits is as follows:
2016 2015
Balance, beginning of year $ 258,103,611 $ 234,315,823 Externally restricted contributions received: GVS&DD development cost charges 27,150,026 28,865,527 MVHC restricted funds 3,638,266 3,113,986 Other grants 663,484 607,057 Total contributions received 31,451,776 32,586,570 Contributions used and recognized in revenue (11,968,136) (8,842,459) Net change in externally restricted contributions 19,483,640 23,744,111 Change in deposits and other deferred revenues 101,453 43,677 19,585,093 23,787,788
Balance, end of year $ 277,688,704 $ 258,103,611
10. Debt a) All monies borrowed are upon the District’s credit at large and, in the event of any default, would constitute an indebtedness for which its members are jointly and severally liable. Debt servicing requirements comprising sinking fund contributions, serial and mortgage principal repayments and interest are funded as incurred by revenue earned during the year. b) In addition to debt incurred directly by the District, the District has also incurred long-term debt on behalf of its member municipalities and TransLink through agreements with the MFA. Under the terms of these agreements, the District is required to provide for and pay to the MFA certain sums. Debt incurred on behalf of others is also presented as due from TransLink and member municipalities (note 3). Where the MFA has determined that sufficient resources exist to retire a debenture on its maturity date without further installments, debenture installments are suspended by the MFA. If the sums provided for are not sufficient, such deficiency shall be a liability of the District to the MFA until legally extinguished. The District is reimbursed for amounts paid to the MFA for the obligations incurred on behalf of the member municipalities and TransLink whose undertakings were financed out of the proceeds of these obligations. GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 14
Year ended December 31, 2016
10. Debt (continued) The following summarizes the debt incurred by the District as well as debt incurred on behalf of the member municipalities and TransLink.
Mortgages and Less Sinking Funds Net Debt Net Debt Debenture Debt 2016 2015
GVRD $ 1,935,000 $ 1,646,002 $ 288,998 $ 473,220 GVS&DD 174,000,000 59,388,200 114,611,800 70,719,728 GVWD 1,214,550,930 485,104,402 729,446,528 705,797,637 MVHC 61,689,048 - 61,689,048 74,075,948 1,452,174,978 546,138,604 906,036,374 851,066,533
TransLink 1,143,520,775 584,563,034 558,957,741 634,131,061 Member Municipalities 599,893,307 104,427,893 495,465,414 471,012,022 1,743,414,082 688,990,924 1,054,423,155 1,105,143,083 $ 3,195,589,060 $1,235,129,531 $ 1,960,459,529 $ 1,956,209,616
c) Sinking fund installments are invested by the MFA and earn income which, together with principal payments, are expected to be sufficient to retire the sinking fund debt at maturity. For sinking fund agreements, the MFA has established either a normal sinking fund or a capital repayment equalization fund.
d) Debt (net of sinking funds) reported on the statement of financial position is comprised of the following and includes varying maturities up to 2046, with interest rates ranging from 0.30% to 8.00%. GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 15
Year ended December 31, 2016
10. Debt (continued)
Issue Interest Authorized Debt Outstanding number rate - % Maturity date to be issued 2016 2015
Municipal Finance Authority ("MFA") Debt Sinking Fund Agreements 59 7.20 November 10, 2019 11,282,400 $ 750,000 $ 750,000 63 3.00-6.96 June 1, 2016 61,500,000 - 1,000,000 64 6.99 September 25, 2016 34,465,000 - 4,465,000 65 4.55 April 14, 2017 36,292,080 3,586,080 3,586,080 66 4.82 November 5, 2017 83,303,000 3,303,000 3,303,000 67 1.75-4.43 November 5, 2022 15,000,000 15,000,000 15,000,000 68 4.65 March 24, 2018 63,140,544 1,305,000 1,305,000 69 4.65-5.77 September 24, 2018 103,270,000 13,270,000 13,270,000 70 2.10 June 1, 2019 66,635,000 1,235,000 1,235,000 71 1.65-2.10 December 1, 2019 190,436,535 50,436,535 90,436,535 72 1.55-2.10 June 1, 2020 55,690,000 2,650,000 2,650,000 73 1.60-2.10 December 1, 2020 61,200,000 48,135,000 48,135,000 74 1.25-3.05 June 1, 2021 168,122,526 90,000,000 144,449,070 75 1.25-3.05 December 1, 2021 62,405,000 55,880,000 55,880,000 77 1.25-3.05 June 1, 2022 100,100,000 99,100,000 99,100,000 78 2.10 December 3, 2022 89,252,000 11,252,000 11,252,000 79 2.10-5.95 June 3, 2023 74,024,580 23,024,580 23,024,580 80 2.40 October 3, 2018 264,000,000 204,000,000 204,000,000 81 2.40 April 22, 2024 47,220,000 20,520,000 20,520,000 85 2.00-5.47 December 2, 2024 69,760,000 59,760,000 59,760,000 86 5.44 December 2, 2024 50,000,000 50,000,000 50,000,000 95 4.17-4.77 October 13, 2025 10,900,000 5,900,000 5,900,000 96 4.61 April 2, 2026 50,000,000 50,000,000 50,000,000 97 1.75-4.90 April 19, 2036 175,000,000 173,000,000 175,000,000 99 1.75-4.99 October 19, 2026 66,300,000 66,300,000 66,300,000 100 4.43-4.59 October 19, 2026 200,000,000 180,000,000 200,000,000 102 4.82-5.09 December 1, 2027 436,395,000 436,395,000 436,395,000 103 4.65 April 23, 2023 40,000,000 40,000,000 40,000,000 104 5.15 November 20, 2028 56,280,930 56,280,930 56,280,930 105 4.90 June 3, 2029 68,300,000 68,300,000 68,300,000 106 4.13 October 13, 2039 140,600,000 140,600,000 140,600,000 110 4.50 April 8, 2030 60,730,000 60,730,000 60,730,000 112 3.73 October 6, 2035 74,775,000 74,775,000 74,775,000 116 4.20 April 4, 2036 152,292,000 152,292,000 152,292,000 118 3.40 April 11, 2042 96,000,000 96,000,000 96,000,000 120 0.30 June 29, 2022 2,000,000 2,000,000 2,000,000 121 2.05-2.90 October 4, 2037 74,961,330 74,961,330 74,961,330 124 3.15 April 8, 2043 3,000,000 3,000,000 3,000,000 126 3.85 September 26, 2043 155,209,000 155,209,000 155,209,000 127 3.30 April 7, 2034 115,415,000 115,415,000 115,415,000 130 3.00 October 14, 2029 50,000,000 50,000,000 50,000,000 131 2.20 April 8, 2035 121,500,000 121,500,000 121,500,000 137 2.60 April 19, 2046 149,772,377 149,772,377 - 139 2.10 October 5, 2031 55,000,000 55,000,000 -
Total sinking fund agreements (carried forward) $ 4,061,529,302 $ 3,080,637,832 $ 2,997,779,525 GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 16
Year ended December 31, 2016
10. Debt (continued)
Issue Interest Authorized Debt Outstanding number rate - % Maturity date to be issued 2016 2015
Total sinking fund agreements (brought forward) $ 4,061,529,302 $ 3,080,637,832 $ 2,997,779,525
TransLink defeasance sinking fund agreements 713112 2.63 October 6, 2016 18,320,000 - 18,320,000
Total MFA sinking fund agreements $ 4,079,849,302 $ 3,080,637,832 $ 3,016,099,525
GVRD Serial Debt 93 5.10-5.65 April 7, 2027 79,014,000 42,533,074 46,300,344 111 3.35 October 1, 2025 3,000,000 1,974,161 2,159,521 114 3.65 March 29, 2026 6,300,914 4,563,926 4,936,667 122 2.00 November 1, 2032 1,999,000 1,599,200 1,699,150 123 2.00 March 28, 2033 3,141,602 2,591,822 2,748,902
Total debenture debt $ 4,173,304,818 $ 3,133,900,015 $ 3,073,944,109
MVHC Mortgages 0.90 - 8.00 May 2017 to October 2038 68,984,971 81,704,544 Less GVRD financed mortgages (7,295,923) (7,628,596) Total MVHC Mortgages 61,689,048 74,075,948
Total debt $ 3,195,589,063 $ 3,148,020,057 Less sinking funds (1,235,129,534) (1,191,810,441) Total net debt $ 1,960,459,529 $ 1,956,209,616 e) Principal payments and sinking fund installments due within the next five years and thereafter are as follows:
Less Recoverable from Total Long-Term TransLink and Member Net Debt Debt Payments Municipalities Payments
2017 $ 151,257,283 $ 64,135,861 $ 87,121,422 2018 130,340,466 54,323,894 76,016,572 2019 112,713,125 50,519,639 62,193,486 2020 111,260,546 48,962,127 62,298,419 2021 111,463,797 48,968,294 62,495,503 Thereafter 656,900,088 352,610,703 304,289,385 1,273,935,305 619,520,518 654,414,787 Estimated sinking fund income 686,524,224 434,902,637 251,621,587 Total $ 1,960,459,529 $ 1,054,423,155 $ 906,036,374 GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 17
Year ended December 31, 2016
11. Tangible Capital Assets ------1,329,529 7,665,084 2,125,075 3,445,233 5,970,979 1,360,497 8,241,020 8,241,020 2016 value 65,803,774 54,539,812 52,274,381 12,106,238 55,423,970 19,412,702 82,705,874 26,976,889 336,189,592 875,236,517 382,768,188 728,747,939 920,426,583 190,964,309 969,424,526 237,353,900 Net book 1,047,854,484 2,514,902,298 4,549,205,879 1,328,390,928 4,549,205,879 1,539,051,745 2,168,684,551
$ $ $ - - $ ------153,854 4,670,615 7,895,057 3,112,578 2016 41,827,990 45,083,612 13,150,838 21,210,985 86,044,308 20,893,959 19,914,801 20,068,655 563,201,766 879,252,547 171,894,128 584,249,579 270,967,169 167,223,513 295,290,732 196,329,555 Balance at 1,137,478,747 1,137,478,747 December 31,December 31, December
- - $ ------434,459 548,150 214,648 4,106,753 5,263,815 1,002,410 2,412,550 4,913,842 8,662,178 4,479,383 2,455,236 7,440,083 1,847,803 1,847,803 Expense 27,506,080 61,599,774 74,994,413 29,961,316 74,994,413 28,829,879 31,457,077
$ $ $
Amortization - - $ ------(13,157) (92,975) (13,157) (92,975) (335,160) (502,852) (516,009) (316,631) (335,160) (2,315,239) (1,663,448) (4,172,398) (4,172,398) (2,160,633) (1,663,448) (1,248,175) (1,248,175) Disposals Accumulated amortization
$ $ $
$ $ $ - - $ ------153,854 4,571,316 7,439,882 2,897,930 2015 40,036,476 40,322,649 18,798,435 12,465,059 79,542,763 20,102,171 19,315,173 19,469,027 535,695,686 242,150,447 818,168,782 263,846,812 555,951,711 162,744,130 167,315,446 188,982,447 1,066,656,732 1,066,656,732
$ $ $ ------153,854 2,125,075 7,665,084 6,000,144 4,473,075 2016 65,803,774 54,539,812 52,274,381 53,934,228 27,307,759 16,596,071 26,864,938 28,155,821 28,309,675 336,189,592 875,236,517 382,768,188 728,747,939 100,507,582 212,175,294 194,200,402 254,600,002 433,683,455 Balance at Balance at 1,483,628,349 1,047,854,484 1,810,018,914 3,394,154,845 2,463,975,283 1,912,640,507 5,686,684,626 1,055,468,834 5,686,684,626 December 31,December 31, December $
- - $ ------(7,042) (7,042) (31,962) (340,101) (534,814) (133,140) (335,160) (372,063) (502,852) (343,337) (335,160) (133,140) (2,637,141) (1,379,225) (1,719,326) (1,958,644) (6,350,483) (3,684,616) (6,350,483) (1,958,644) (1,319,020) (1,319,020) Disposals
$ $
$
Cost $ $ $ ------20,843 142,938 189,802 842,819 917,433 290,793 2,250,000 1,530,937 3,923,875 2,051,045 2,788,137 4,384,502 6,853,593 1,175,559 4,405,345 3,449,313 3,449,313 (Net of 47,007,200 75,364,720 93,556,354 19,923,915 (64,829,233) (14,844,094) 122,662,713 237,318,541 156,114,744 238,333,057 237,318,541 Additions Transfers)
$ $ $ ------153,854 6,256,172 1,935,273 5,492,485 4,473,075 2015 65,803,774 52,289,812 52,131,443 54,520,324 23,056,397 94,156,841 16,021,975 28,532,789 26,025,528 26,179,382 873,712,622 447,937,522 289,182,392 745,311,359 212,154,451 194,200,402 253,759,603 429,411,250 Balance at 1,043,937,651 1,408,263,629 1,791,936,438 5,455,716,568 1,653,936,132 3,156,356,602 2,370,790,992 5,455,716,568 1,039,229,535 December 31, December
$
$ $ $ $ Sewer and Drainage District Water District District Regional Water District Sewer and Drainage District Metro Vancouver Housing Corporation Metro Regional District Regional Vancouver Housing Corporation Metro Sewer and Drainage District Metro Vancouver Housing Corporation Metro Sewer and Drainage District Metro Vancouver Housing Corporation Metro Sewer and Drainage District Water District Water District District Regional Metro Vancouver Housing Corporation Metro Water District Corporation Housing Metro Vancouver Regional District Regional Sewer and Drainage District Water District Regional District Regional Regional District Regional Water District Metro Vancouver Housing Corporation Metro Sewer and Drainage District Regional District Regional Year ended December 31, 2016 31, December ended Year Land Construction in progress Construction Infrastructure Buildings Totals 2016 Write-offs in 2016 were $368,178 related to discontinued projects (2015 - $6,143,083). Asset additions include recoveries of $2.57 million (2015 - $70.77 million). Vehicles Machinery, equipment,Machinery, fixtures furniture & GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 18
Year ended December 31, 2016
11. Tangible Capital Assets (continued) ------921,169 6,256,172 1,935,273 6,710,355 3,556,916 8,430,618 1,575,145 6,710,355 2015 value 65,803,774 52,289,812 52,131,443 53,834,192 15,616,515 31,456,272 14,483,848 86,444,157 873,712,622 872,567,943 193,356,016 240,428,803 289,182,392 447,937,522 745,311,359 959,686,772 Net book 1,043,937,651 2,338,187,820 1,411,785,685 4,389,059,836 1,235,984,727 2,106,944,180 4,389,059,836
$ $ $ - - $ ------153,854 7,439,882 4,571,316 2,897,930 2015 40,322,649 18,798,435 40,036,476 19,315,173 12,465,059 20,102,171 79,542,763 19,469,027 535,695,686 818,168,782 242,150,447 162,744,130 188,982,447 167,315,446 555,951,711 263,846,812 Balance at 1,066,656,732 1,066,656,732 December 31,December 31, December
- - $ ------475,744 896,438 373,540 991,663 248,879 4,777,997 1,093,092 4,903,524 6,472,360 2,510,520 1,934,192 8,084,371 5,277,064 1,934,192 Expense 26,322,092 55,331,772 24,231,683 66,248,844 27,313,755 66,248,844 25,573,654
$
$ $
Amortization - - $ ------(27,743) (92,849) (661,412) (689,155) (457,550) (327,630) (431,152) (431,152) (120,592) (327,630) (1,309,181) (3,054,824) (1,056,488) (3,054,824) (2,175,450) (1,056,488) Disposals
$
$ $
Accumulated amortization $ $ $ - - $ ------153,854 6,964,138 4,525,406 2,741,900 2014 36,206,064 17,705,343 38,835,137 18,437,469 12,026,171 19,541,660 73,633,842 18,591,323 509,373,594 217,946,507 763,526,165 157,840,606 182,510,087 529,069,108 238,393,750 162,366,012 1,003,462,712 1,003,462,712
$ $ $ ------153,854 6,256,172 1,935,273 5,492,485 4,473,075 2015 65,803,774 52,289,812 52,131,443 23,056,397 94,156,841 54,520,324 26,025,528 16,021,975 28,532,789 26,179,382 873,712,622 212,154,451 194,200,402 429,411,250 289,182,392 447,937,522 745,311,359 253,759,603 Balance at Balance at 1,043,937,651 1,408,263,629 1,653,936,132 3,156,356,602 5,455,716,568 1,791,936,438 2,370,790,992 1,039,229,535 5,455,716,568 December 31,December 31, December $
- - $ ------(95,666) (23,072) (82,485) (92,849) (783,413) (687,747) (132,029) (457,550) (327,630) (636,827) (211,587) (410,115) (5,987,982) (6,225,568) (1,514,856) (9,612,111) (1,088,274) (6,624,809) (2,365,600) (1,088,274) (9,612,111) Disposals
$
$
$ Cost $ $ $ ------426,492 468,995 403,355 451,104 492,485 1,894,548 6,447,073 1,815,939 2,428,723 1,008,365 1,046,657 1,411,720 1,046,657 (Net of 29,400,000 31,294,548 18,270,041 12,712,488 353,077,327 377,794,441 175,930,627 176,357,119 100,161,959 367,663,454 118,883,104 234,656,142 367,663,454 Additions Transfers) (324,244,297) (220,645,250)
$ $ $ ------153,854 3,959,478 1,009,393 5,416,760 4,073,439 2014 65,803,774 22,889,812 52,131,443 22,629,905 88,397,515 36,223,824 54,219,241 26,067,145 16,010,530 26,220,999 28,718,512 871,818,074 194,200,402 253,054,131 195,008,415 772,204,891 972,182,177 252,757,998 Balance at 1,012,643,103 1,389,993,588 1,300,954,471 2,779,345,574 5,097,665,225 1,679,678,143 2,136,346,437 1,028,882,647 5,097,665,225 December 31, December
$
$ $ $ $ Sewer and Drainage District Water District Regional District Regional Metro Vancouver Housing Corporation Metro Sewer and Drainage District Metro Vancouver Housing Corporation Metro Water District Sewer and Drainage District Regional District Regional Metro Vancouver Housing Corporation Metro Regional District Regional Water District Sewer and Drainage District Sewer and Drainage District Water District District Regional Metro Vancouver Housing Corporation Metro Water District Metro Vancouver Housing Corporation Metro Metro Vancouver Housing Corporation Metro Sewer and Drainage District Regional District Regional Water District Regional District Regional Metro Vancouver Housing Corporation Housing Metro Vancouver Sewer and Drainage District Water District District Regional Year ended December 31, 2015 31, December ended Year Land Infrastructure Buildings Vehicles Construction in progress Construction Totals 2015 Machinery, equipment,Machinery, fixtures furniture & GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 19
Year ended December 31, 2016
12. Prepaid Land Leases
2016 2015 Balance, beginning of year $ 6,231,096 $ 6,425,896 Amortization (194,799) (194,800) Balance, end of year $ 6,036,297 $ 6,231,096
The lease terms for the properties are as follows:
Lease Term Asset Lease Expiry Dates (Years) Buildings • Habitat Villa February 2029 50 • Walnut Gardens May 2026 42 • Other prepaid land leases May 2036 to June 2062 60
13. Accumulated Surplus Accumulated surplus consists of individual fund surplus and reserves as follows:
2016 2015
Reserves $ 318,422,260 $ 310,856,530 Investment in tangible capital assets 3,599,366,063 3,413,541,101
Total $ 3,917,788,323 $ 3,724,397,631
The continuity of reserves is as follows:
Contributions December 31, from/ (to) Contributions December 31, 2015 Interest operations to Capital 2016
Reserve funds Designated reserves Greater Vancouver Regional District General reserves Regional parks other $ 181,257 $ 3,738 $ (77,430) $ - $ 107,565 Regional sustainability funds 17,046,238 345,251 (108,476) - 17,283,013 Air quality equipment 2,659,338 53,655 142,742 - 2,855,735 Electoral area rate stabilization 1,423,060 28,711 (11,972) - 1,439,799 Sustainability enterprise fund 722,030 14,568 - - 736,598 Feasibility study 1,052,902 21,243 - - 1,074,145 Electoral area community works 226,485 4,570 111,421 - 342,476 Regional growth stategy 228,476 4,610 256,672 - 489,758 General reserves (carried forward) $ 23,539,786 $ 476,346 $ 312,957 $ - $ 24,329,089 GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 20
Year ended December 31, 2016
13. Accumulated Surplus (continued)
Contributions December 31, from/ (to) Contributions December 31, 2015 Interest operations to Capital 2016 Greater Vancouver Regional District General reserves (brought forward) $ 23,539,786 $ 476,346 $ 312,957 $ - $ 24,329,089 Capital reserves Heritage parkland acquisition 8,929,374 204,589 4,012,143 (1,432,667) 11,713,439 Regional parks legacy fund 2,976,907 57,719 (121,000) (300,000) 2,613,626 Regional parks capital maintenance 1,497,291 27,383 (947,652) - 577,022 Regional parks capital replacement 6,965,984 163,851 3,488,400 (1,981,852) 8,636,383 Regional parks site reclamation 338,301 6,761 - (79,795) 265,267 Cultural grants 2,372,697 61,030 (100,000) - 2,333,727 Sasamat volunteer fire department 1,006,179 20,961 104,838 - 1,131,978 24,086,733 542,294 6,436,729 (3,794,314) 27,271,442 Other reserves Asset and equipment replacement 9,246,316 164,582 1,214,722 (1,667,901) 8,957,719 Self insurance 2,706,660 53,930 (76,303) - 2,684,287 11,952,976 218,512 1,138,419 (1,667,901) 11,642,006 59,579,495 1,237,152 7,888,105 (5,462,215) 63,242,537 Greater Vancouver Water District Office building capital improvements 2,343,744 55,133 752,399 (2,549,343) 601,933 Sustainability innovation fund 10,032,413 207,640 244,459 - 10,484,512 Equipment replacement 457,059 9,611 46,000 - 512,670 Lower Seymour Conservation Reserve 172,486 3,330 - - 175,816 GVWD debt reserve 7,450,043 150,101 - - 7,600,144 20,455,745 425,815 1,042,858 (2,549,343) 19,375,075 Greater Vancouver Sewerage and Drainage District Capital building and equipment replacement 23,956,722 - - - 23,956,722 GVS&DD debt reserve 39,590,568 1,109,193 - - 40,699,761 Waste to energy facility 9,397,532 190,117 635,189 - 10,222,838 Landfill post closure 7,457,716 162,757 - - 7,620,473 Sustainability innovation funds 25,681,738 530,569 698,583 - 26,910,890 Other 13,742,166 305,285 1,813,837 - 15,861,288 119,826,442 2,297,921 3,147,609 - 125,271,972 Metro Vancouver Housing Corporation 13,282,620 293,784 (1,094,232) (189,802) 12,292,370 Total designated reserves 213,144,302 4,254,672 10,984,340 (8,201,360) 220,181,954 Non-designated (operating) reserves Liquid waste 27,674,838 448,291 7,358,514 (8,010,330) 27,471,313 Solid waste 8,708,235 173,663 2,655,928 - 11,537,826 Water 27,710,025 422,063 10,730,887 (11,886,435) 26,976,540 Regional parks 2,604,057 48,316 (667,202) - 1,985,171 General government 1,255,319 21,548 669,975 - 1,946,842 Air quality 1,421,911 28,154 29,238 - 1,479,303 Labour relations 1,334,650 26,928 293,456 - 1,655,034 Regional planning 458,778 9,182 49,702 - 517,662 911 telephone 604,246 12,191 27,969 - 644,406 Global positioning system 889,559 17,948 (159,341) - 748,166 West Nile Virus 325,375 6,565 - - 331,940 Integrated Partnership for Regional Emergency Management - 4,069 318,108 - 322,177 Corporate programs 24,725,235 554,760 (2,656,069) - 22,623,926 Total non-designated reserves 97,712,228 1,773,678 18,651,165 (19,896,765) 98,240,306 Total reserves $ 310,856,530 6,028,350$ $ 29,635,505 $ (28,098,125) $ 318,422,260 GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 21
Year ended December 31, 2016
13. Accumulated Surplus (continued) Investment in tangible capital assets is calculated as follows: 2016 2015
Tangible capital assets $ 4,549,205,879 $ 4,389,059,837 Prepaid land leases 6,036,297 6,231,096 Amount financed by: Long-term debt, net of members, TransLink and sinking fund (906,036,354) (851,066,515) Working capital (temporary financing) (49,839,761) (130,683,317) $ 3,599,366,061 $ 3,413,541,101
Change in the investment in tangible capital assets Acquisition of tangible capital assets $ 237,318,541 $ 367,663,454 Amortization of tangible capital assets (74,994,413) (66,248,844) Disposal of tangible capital assets (2,178,085) (6,557,287) 160,146,043 294,857,323 Less financing (net of members and TransLink debt) Sinking fund debt maturity 55,449,070 15,000,000 Sinking fund and debt retirement (65,043,585) (62,499,844) Sinking fund and debt retirement income (22,599,677) (21,009,986) Debenture debt issued 155,000,000 60,000,000 Debenture debt maturity (55,449,070) (15,000,000) Payment of long-term debt (12,386,900) (11,716,865) AAmortization of prepaid land leases 194,799 194,800 Increase (decrease) in temporary financing (80,843,556) 146,833,578 (25,678,919) 111,801,683 Change in investment in tangible capital assets 185,824,962 183,055,640
Investment in tangible capital assets, beginning of year 3,413,541,101 3,230,485,461
Investment in tangible capital assets, end of year $ 3,599,366,063 $ 3,413,541,101
14. Commitments As at December 31, 2016, the GVS&DD and GVWD had the following commitments outstanding relating to projects in progress:
Total Total GVS&DD GVWD 2016 2015
Authorized outstanding projects $ 1,123,207,377 $ 1,012,800,000 $ 2,136,007,377 $ 2,550,119,377 Expended at December 31 (434,041,395) (706,500,000) (1,140,541,395) (1,723,574,016) Commitment remaining $ 689,165,982 $ 306,300,000 $ 995,465,982 $ 826,545,361 GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 22
Year ended December 31, 2016
15. Contingencies Lawsuits As at December 31, 2016 there were various lawsuits pending against the District arising in the ordinary course of business. The District has retained legal counsel to defend against these lawsuits for which the outcomes are not possible to reasonably determine at this time and therefore no accrual has been recognized. Management is of the opinion that the losses, if any, in connection with these lawsuits can be sufficiently funded by reserve funds or covered by insurance. Any ultimate losses are recorded as expenses at the time the amounts are reasonably determinable. Self Insurance Fund A self insurance fund has been established within accumulated surplus to cover losses resulting from uninsured liability exposures of the District. Each year a review is undertaken to determine if it would be beneficial to purchase liability insurance. The District transfers amounts to the reserve depending on the fund’s adequacy to cover retained liability risk. An estimate is made for all costs of investigating and settlement of claims annually and an adjustment is made to the fund to maintain an adequate balance to cover potential losses in excess of recorded liabilities. These estimates are changed as additional information becomes known during the course of claims settlement. Any potential costs would be recorded as expenses at the time the losses are known and the amounts are reasonably determinable. Municipal Pension The District and its employees contribute to the Municipal Pension Plan Plan (the Plan), a jointly trusteed pension plan. The board of trustees, representing plan members and employers, is responsible for overseeing the management of the Plan, including investment of the assets and administration of benefits. The Plan is a multi-employer defined pension plan. Basic pension benefits provided are based on a formula. The plan has about 189,000 active members and approximately 85,000 retired members. Active members include approximately 37,000 contributors from local government. Every three years, an actuarial valuation is performed to assess the financial position of the plan and the adequacy of plan funding. The actuary determines an appropriate combined employer and member contribution rate to fund the plan. The actuary’s calculated contribution rate is based on the entry-age normal cost method, which produces the long-term rate of member and employer contributions sufficient to provide benefits for average future entrants to the plan. This rate is then adjusted to the extent there is amortization of any funding deficit. GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 23
Year ended December 31, 2016
15. Contingencies (continued) Municipal Pension The most recent actuarial valuation for the Municipal Pension Plan as of Plan (continued) December 31, 2015, indicated a $2,224 million funding surplus for basic pension benefits on a going concern basis. The District paid $12,569,504 for employer contributions (2015 - $12,729,519) while employees contributed $10,992,408 (2015 - $11,302,161) to the Plan in fiscal 2016. The next valuation will be at December 31, 2018 with results available in 2019. Employers participating in the plan record their pension expense as the amount of employer contributions made during the fiscal year (defined contribution pension plan accounting). This is because the plan records accrued liabilities and accrued assets for the plan in aggregate resulting in no consistent and reliable basis for allocating the obligation, assets and cost to individual employers participating in the plan. BC Homes Under the Umbrella Agreement with BCHMC, the accumulated balance Repayable of the repayable assistance is forgiven on a straight line basis over the Assistance term of the agreement. As of December 31, 2016 the remaining repayable assistance balance is $586,603 and will be fully forgiven by December 31, 2017. As the repayable assistance is unlikely to be paid, no liability has been recorded in the financial statements.
Section 27 Portfolio Under the terms of the agreement for Kelly Court, one of the projects in the Section 27 portfolio, the funding partner performs a review of expenditures. Certain expenditures may be considered ineligible. Management is of the opinion that the outcome and amount of an assessment is undeterminable and if any amounts are determined to be ineligible they will be funded from existing reserves in the year of assessment. Debt Reserve Fund The MFA is required to establish a Debt Reserve Fund for each debenture which is comprised of cash deposits and a non-interest bearing demand note (refer to note 5). If, at any time, the District has insufficient funds to meet payments due on its obligations to MFA, the payments will be made from the debt reserve fund. The demand notes are callable only if there are additional requirements to be met to maintain the level of the debt reserve fund, and therefore have not been recorded in the statement of financial position. GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 24
Year ended December 31, 2016
16. Budget Information The annual budget presented in these financial statements is based upon the 2016 operating and capital budgets approved by the District’s Board in October 2015, with additional approval in April 2016 for adjustments to the budget as a result of the 2015 fiscal year end results. The budget is based on operational and capital expenditure requirements and their associated funding. Amortization is a non-cash item that is not funded for budget purposes. Alternatively, PSAS do not allow presentation of fund balances nor the appropriations of accumulated surplus. Therefore, contributions to or from reserves and debt principal repayments are removed from the approved budget for financial statement presentation. The schedule below reconciles the approved budget to the budget figures reported in these financial statements. Capital expenditures of $340,813,000 were approved in the capital budget approved by the Board in April 2016.
2016 Budget Budgeted annual surplus per Exhibit B $ 139,396,680 Additional transfers from reserves, approved by Board April 2016 12,859,573
Adjusted annual surplus, based on October approved budget 152,256,253 Items not included in the operating budget Amortization of tangible capital assets 69,787,126 Amortization of prepaid land leases 194,799 Sinking fund and debt retirement income (19,943,988) Reserve interest (5,668,919) Contributions from deferred revenue (3,054,098) BCHMC operating subsidy (51,264) Items included in budget but not in financial statements MVHC's capital replacement expenses per approved budget 6,066,758 Sinking fund and debt retirement payments (76,697,702) Transfers to capital fund (124,271,390) Transfers from reserve funds 12,035,804 Transfer to reserve funds (14,553,837) Annual surplus per approved budget $ - GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 25
Year ended December 31, 2016
17. Segmented Information The District is a diversified municipal government organization that provides a wide range of services directly to the public and its member municipalities through its four legal entities: the GVRD, the GVS&DD, the GVWD and the MVHC. For management reporting purposes, the District’s operations and activities are organized and reported by service areas within the legal entities. The salaries and benefits reported in the segmented information below do not include $19,118,163 (2015 - $18,922,886) directly attributable to the construction of tangible capital assets which have been capitalized and included in tangible capital assets in the Statement of Financial Position. The legal entities disclosed in the segmented information, along with the service areas provided are as follows:
GVRD
General General Government includes services responsible for overall direction Government and monitoring and regional initiatives. This area comprises the Regional Board & Committee Remuneration, Corporate Secretary’s Office, Audit, Legal and Insurance costs, Innovation, Regional Emergency Management, Regional Cultural Strategy and External Contributions. Regional Parks Regional Parks is responsible for managing, maintaining and protecting a diverse network of 24 Regional Parks and an expanding land base of reserves, ecological conservancy areas and greenways, located throughout the Region. Air Quality Air Quality is responsible for monitoring air quality in the region, controlling industrial, commercial and some residential emissions, creating long-term plans and conducting emission inventories. Labour Relations Labour Relations provides collective bargaining, job evaluation, research and other related labour relations services to those GVRD municipalities who are members of the function. 911 Emergency The District contracts with E-Comm Corporation to provide 9-1-1 Telephone Service service for all municipalities within the region as well as the community of Whistler and the Sunshine Coast Regional District. GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 26
Year ended December 31, 2016
17. Segmented Information (continued) GVRD (continued) Electoral Areas The District is responsible for providing general and local services to Electoral Area A. Electoral Area A includes the following: • the west side of Pitt Lake • the northern portion of Indian Arm a portion of land between the District of West Vancouver and Squamish • Lillooet Regional District (excluding the Village of Lions Bay) • the islands of Bowyer, Passage and Barnston • the University Endowment Lands (including Pacific Spirit Regional Park) • the University of British Columbia General services provided include a variety of tax-supported, regional services that are provided to other member municipalities, such as 9-1- 1 emergency telephone, air quality, labour relations, regional parks, strategic planning and general government. Local services provided are specific to the needs of communities within the Electoral Area and include building permit and inspection, local planning, land use planning, election and general administration. Regional Global The District’s Global Positioning System (GPS) Real-Time Service is Positioning offered to member municipalities and to the public in partnership with System the B.C. Crown Registry and Geographic Base (CRGB) Branch. Sasamat The Sasamat Volunteer Fire Department provides volunteer fire Volunteer Fire department services to the Villages of Anmore and Belcarra. The cost to Department support this function is borne completely by the members who receive the service. Regional Planning Regional Planning’s core responsibilities are focused on regional growth management, utility management and air quality management. Primary activities include development and implementation of a wide range of innovative policies and plans, extensive research, modeling and technical analysis, regulation, business demand management and community education. Integrated Integrated Partnership for Regional Emergency Management (“IPREM”) Partnership for is an intergovernmental partnership between the Province of British Regional Columbia and Metro Vancouver (on behalf of the 23 local authorities). Emergency IPREM was formed to coordinate regional emergency management Management planning activities. IPREM is designed to collaboratively engage all levels of government and private sector agencies in regional emergency planning initiatives for the Metro Vancouver region. GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 27
Year ended December 31, 2016
17. Segmented Information (continued) GVRD (continued) West Nile Virus The West Nile Virus program provides a proactive approach to the potential arrival of the virus. On lands that it owns, the District controls mosquitoes that may carry the virus. Regionally, the District provides participating member municipalities with communication and program implementation, leadership and facilitation. Corporate Corporate Programs include departments that provide centralized Programs services to the Districts. These departments include the Corporate Planning, External Relations, Financial Services, Human Resources, Legal and Legislative Services and Corporate Services. Costs for these programs are allocated to GVWD, GVS&DD, MVHC and GVRD, and are eliminated upon consolidation of the entities. GVS&DD Liquid Waste The Liquid Waste Management Service is responsible for the collection, Management treatment and discharge of liquid waste for member municipalities. It Services operates a number of wastewater treatment plants and a related collection network connected to the member municipalities’ systems.
Solid Waste The Solid Waste Management Service is responsible for the disposal of Management solid waste both for the member municipalities and the public. It owns Services and operates several solid waste facilities including a waste to energy facility.
GVWD Water Operations is responsible for the supply of potable water to its Water member municipalities. It owns a series of dams, reservoirs, water Operations treatment plants and a distribution network connected to the member municipalities’ systems.
Building Building Operations is responsible for operating and maintaining office Operations buildings owned by GVWD. These facilities are leased to GVRD and its related entities for its head office operations as well as to external parties.
MVHC Metro Vancouver Housing Corporation is a wholly-owned subsidiary of GVRD, which owns and operates housing sites within the Lower Mainland for the purpose of providing affordable rental housing on a non-profit basis through various housing programs, some federally and some provincially funded. MVHC’s portfolio consists of “rent-geared-to- income”, partial rent assistance, and low-end-of-market units. GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 28
Year ended December 31, 2016
17. Segmented Information (continued) a) Total Consolidated - 1,166,244 5,746,414 1,159,743 5,375,200 5,213,664 8,286,783 2015 54,071,532 66,248,844 47,408,243 28,479,973 26,638,223 25,556,111 47,533,516 35,579,134 23,950,299 26,974,896 83,290,870 27,381,798 524,123,226 122,652,290 247,865,697 192,334,433 187,735,465 153,068,010 711,858,691 Consolidated
$
$
- 2016 1,178,373 1,023,542 6,045,889 5,796,681 8,495,783 58,642,877 74,994,413 49,869,551 29,397,459 25,755,620 25,429,294 50,291,409 36,828,554 24,521,650 28,837,639 93,504,371 11,841,641 30,291,885 556,735,212 134,738,706 200,250,619 251,217,868 193,390,692 157,907,292 750,125,904 $
Consolidated
$
------(156,355) (156,355) (2,890,882) (7,995,813) (3,885,377) (14,928,427) (14,772,072) (14,928,427)
$ $
Inter-district Adjustments ------69,839 725,600 489,352 452,493 Metro 4,913,842 2,652,652 2,084,426 6,027,658 7,796,241 1,085,044 5,612,353 5,842,796 Housing Housing 36,412,646 13,836,924 36,828,554 44,208,887
Vancouver Vancouver
$
$
Corporation ------151,127 8,662,178 3,136,730 3,835,548 1,373,698 1,786,032 5,998,845 District 38,157,812 90,357,429 50,291,409 12,221,913 21,765,686 14,211,171 30,291,885 56,278,238 Regional Regional (43,003,588) 102,579,342 (note 17(c)) (note
$ $
- - - - 650,347 1,178,373 1,023,542 6,045,889 5,796,681 8,495,783 22, 61,418,393 47,222,127 16,309,182 21,850,233 18,027,938 48,914,975 93,504,371 23,997,507 26,755,469 96,016,701 173,372,538 444,893,564 200,250,619 251,217,868 112,483,668 618,266,102 (note 17(b)) (note Other Districts $ $
Other GVRD property tax requisitions tax property GVRD Amortization of tangible capital assets capital tangible of Amortization Interest long-term on debt Asset maintenance and repairs supplies and Materials taxes and permits Utilities, costs Corporate Sewerage and drainage levy levy drainage and Sewerage Tipping fees Metered sale of water of sale Metered Consulting, contracted and professional and servicesConsulting, contracted Housing property rentals property Housing contributions other and Grants revenue other and recoveries fees, User Sinking fundinterest and income Sinking fund income, TransLink members and Source control fees control Source Trucked liquidTrucked waste fees Development cost charges cost Development Electricity sales Electricity BODTSS industrial charges BODTSS Salaries benefits and Revenue Annual surplusAnnual Expenses
GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 29
Year ended December 31, 2016
17. Segmented Information (continued) b) Total Other Districts 2015 5,213,664 5,375,200 1,159,743 1,166,244 8,286,783 18,018,844 45,447,540 18,703,345 23,013,086 52,887,409 16,387,008 44,114,829 25,216,909 17,161,313 83,290,870 94,460,877 Districts 104,354,233 417,387,171 247,865,697 169,683,685 192,334,433 587,070,856 Total Other
$ $
$ $
2016 5,796,681 6,045,889 1,023,542 1,178,373 8,495,783 18,027,938 48,914,975 22,650,347 21,850,233 61,418,393 16,309,182 47,222,127 26,755,469 23,997,507 93,504,371 96,016,701 Districts 112,483,668 444,893,564 251,217,868 173,372,538 200,250,619 618,266,102 Total Other
$ $
$ $
------6,786,031 9,672,818 8,689,348 8,988,389 3,772,107 District 23,864,460 31,457,077 42,396,502 20,529,404 15,317,267 36,211,430 171,838,162 251,217,868 115,226,377 287,064,539 Total Water
$ $ ------28,934 315,204 858,298 705,990 1,635,547 2,311,148 5,705,436 1,638,755 8,583,652 8,583,652 (4,615,660) 13,199,312 Building Operations
$
$
------5,150,484 9,357,614 8,660,414 8,130,091 2,133,352 6,733,615 23,864,460 29,145,929 36,691,066 Water 20,529,404 35,505,440 158,638,850 251,217,868 119,842,037 278,480,887 Operations
$ $
- 4,825,625 6,226,065 8,680,240 6,045,889 1,023,542 1,178,373 5,796,681 8,495,783 25,050,515 29,961,316 11,241,907 12,977,529 13,160,885 12,537,075 58,146,161 59,805,271 93,504,371 District 273,055,402 103,495,279 200,250,619 331,201,563 & Drainage
$
$
Total Sewerage Sewerage Total ------58,864 183,688 519,318 (370,530) (959,198) Solid Solid 4,165,131 6,845,709 5,945,424 1,736,306 2,425,962 5,389,751 5,796,681 Waste 81,685,163 93,504,371 104,422,518 103,463,320
$
$
-
- - - - Liquid Waste 7,032,105 5,196,155 6,045,889 1,023,542 1,178,373 4,489,759 6,254,278 8,495,783 20,885,384 23,115,607 11,058,219 13,102,021 12,017,757 21,810,116 59,105,359 54,415,520
168,632,884 $ $ 200,250,619 227,738,243
$
Corporate costs Corporate Other assets capital tangible of Amortization Utilities, permits and taxes and permits Utilities, Interest long-term on debt Materials and supplies and Materials Metered sale of water of sale Metered Consulting, contracted and professional and servicConsulting, contracted Asset maintenance and repairs Development cost charges cost Development liquidTrucked waste fees fees control Source Sinking fundinterest and income revenue other and recoveries fees, User Sewerage and drainage levy to members to levy drainage and Sewerage Salaries benefits and BODTSS industrial charges BODTSS sales Electricity Tipping fees Revenue Annual surplusAnnual Expenses GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 30
Year ended December 31, 2016
17. Segmented Information (continued) c) Total Regional District 131,425 2015 Total 1,608,909 8,084,371 1,449,961 5,360,449 3,504,196 1,359,516 District 10,608,754 47,533,516 Regional Regional 15,967,698 83,333,128 93,941,882 53,292,429 17,958,797 27,381,798 37,830,382 (44,188,437) $ $ $ $
151,127 2016 Total 5,998,845 8,662,178 1,786,032 3,136,730 3,835,548 1,373,698 District 12,
50,
14,211,171 90,357,429 56,278,238 21,765,686 30,291,885 38,157,812 Regional Regional (43,003,588) 102,579,342
- -
221,913$ 221,913$ - 291,409$ 291,409$ ------Income 30,291,885 30,291,885 30,291,885 30,291,885 TransLink, TransLink, $ $ Sinking Fund
Members and - -
- - - - - 41,784 872,242 601,318 (830,458) 6,878,768 1,962,904 1,648,253 2,178,067 1,167,500 3,202,216 (1,125,716) 29,672,708 Programs Corporate (47,269,950)
$
$ ------6,565 6,565 6,565 Virus $ $
West Nile Nile West - - - - 328 4,069 1,122 (9,223) 13,645 150,000 313,292 298,197 304,069 150,000 IPREM - -
- -
- - $ $ $ -
------946 3,570 1,374 38,578 28,360 64,707 477,298 276,135 195,188 2,860,127 2,117,044 3,136,262 3,069,324 Regional Regional Planning
$
$ ------6,021 8,383 15,000 20,961 12,616 23,532 51,882 54,621 25,554 17,315 Fire 199,924 313,107 113,183 277,146 Sasamat Volunteer $ $
Department - - 130 1,101 17,948 10,030 51,492 20,937 373,983 149,748 299,885 533,323 391,931 Global Global (141,392)$ (141,392)$ System Regional Regional
$
Positioning Positioning 1,101 1,510 3,472 33,281 64,675 26,667 44,914 (16,180) 175,127 280,727 423,066 363,567 555,795 132,729 Areas Electoral Electoral
-
$ -
- $ ------68,432 12,191 24,832 40,160 80,920 9-1-1 Service 4,060,273 3,994,984 4,100,736 4,140,896 $ $ $
Telephone
Emergency ------7,756 4,386 5,945 98,322 26,928 52,662 32,411 89,300 242,353 Labour Labour 2,098,667 1,789,104 2,191,506 2,223,917 Relations
$ $
------81,809 77,883 232,191 385,613 257,541 111,231 487,127 305,388 4,405,671 3,771,560 5,056,557 1,345,509 7,873,427 8,259,040
$ $
$
Air Quality Air
- - 635,236 151,127 618,964 Parks 1,150,359 5,025,908 1,538,603 3,980,123 1,274,140 8,542,027 1,341,108 2,677,549 3,483,030 31,840,537 15,045,369 30,110,013 38,652,040 Regional Regional $
$
------2,927 46,442 68,305 25,978 647,810 499,045 633,407 8,907,464 4,660,335 1,676,205 1,820,420 9,535,764 General General 12,585,846 14,262,051
$ $
Government Grants and other contributions other and Grants User fees, recoveries and other other and recoveries fees, User revenue GVRD property tax requisitions tax property GVRD Amortization of tangible capital assets capital tangible of Amortization Sinking fundinterest and income Salaries benefits and Consulting, contracted and Consulting, contracted professional services Asset maintenance and repairs Interest long-term on debt Sinking fund income, members and TransLink Materials and supplies and Materials Utilities, permits and taxes and permits Utilities, Corporate costs Corporate Other Revenue Annual surplusAnnual Expenses GREATER VANCOUVER REGIONAL DISTRICT Notes to Consolidated Financial Statements, page 31
Year ended December 31, 2016
18. Subsequent Event – Name Change Effective January 30, 2017, the District changed its legal name from Greater Vancouver Regional District to Metro Vancouver Regional District. The name change was effected by the Provincial Lieutenant Governor in Council amending the Letters Patent. The District will continue to operate as Metro Vancouver.
19. Comparative Figures
Certain comparative figures have been reclassified to conform with current year’s presentation. GREATER VANCOUVER REGIONAL DISTRICT Schedule 1 Consolidated Schedule of Operating Fund (unaudited) Year ended December 31, 2016
2016 2016 2015
Budget Actual Actual Revenue GVRD property tax requisitions $ 50,291,409 $ 50,291,409 $ 47,533,516 Metered sale of water 251,824,851 251,217,868 247,865,697 Sewerage and drainage levy 200,250,619 200,250,619 192,334,433 Tipping fees 80,015,101 93,504,371 83,290,870 BODTSS industrial charges 8,518,412 8,495,783 8,286,783 Electricity sales 5,719,900 5,796,681 5,213,664 Development cost charges 3,488,610 6,045,889 5,375,200 Trucked liquid waste fees 1,115,908 1,023,542 1,159,743 Source control fees 1,342,853 1,178,808 1,166,244 Housing property rentals 35,770,618 36,828,554 35,579,134 Grants and other contributions 7,839,771 6,713,039 5,434,726 Sinking fund and interest income 272,173 (270,297) (421,216) User fees, recoveries and other revenue 21,623,295 23,462,910 23,019,497 668,073,520 684,539,176 655,838,291
Expenses Core functions Sewer operations 131,717,230 123,147,716 116,999,503 Waste disposal, recycling and regulatory services 85,813,545 92,991,437 88,698,890 Water operations 113,834,716 99,865,858 101,578,707 Housing rental operations 29,773,072 29,205,928 26,355,326 General government services 13,493,496 12,400,093 11,241,147 Regional parks 25,977,248 25,539,369 22,869,035 Air quality 7,247,579 7,154,109 7,274,373 Labour relations 2,371,995 1,949,153 1,733,115 911 emergency telephone system 4,045,878 4,019,816 3,928,270 Electoral areas 413,258 396,399 249,090 Regional global positioning system 702,824 481,831 687,866 Sasamat volunteer fire department 794,705 181,287 186,711 Regional planning 3,117,736 2,664,939 2,436,365 419,303,282 399,997,935 384,238,398 Corporate functions Corporate services 28,041,589 17,771,626 16,772,424 Building operations 11,032,284 10,888,164 5,151,859 Corporate planning 1,660,958 1,543,933 1,405,491 Legal and legislative services 3,043,336 2,570,338 1,967,221 External relations 5,145,258 4,752,367 5,915,689 Financial services 10,884,584 10,162,767 9,729,809 Human resources 4,314,862 4,233,345 3,883,576 Self insurance - 76,303 1,068,117 64,958,308 51,450,979 45,894,186 484,261,590 451,448,914 430,132,584
Annual surplus, operating fund 183,811,930 233,090,262 225,705,707 Application of surplus and transfers Principal repayment on long-term debt (11,641,005) (12,386,900) (11,716,865) Transfers from (to): Capital and other funds (126,880,137) (126,265,499) (119,078,982) Investment in non-financial assets 194,799 241,227 (1,206,165) Sinking and debt retirement funds (64,547,950) (65,043,585) (62,499,844) Reserve funds for: Reserves - Operating results 2,208,728 (30,719,106) (28,824,186) Reserves 16,853,635 1,083,601 (2,379,665) Change in accumulated surplus from operating fund - - - Operating fund, beginning of year - - -
Operating fund, end of year $ - $ - $ - GREATER VANCOUVER REGIONAL DISTRICT Schedule 2 Consolidated Schedule of Capital and Other Funds (unaudited)
Year ended December 31, 2016
2016 2016 2015 Budget Actual Actual
Revenues Grants and other contributions $ - $ 4,985,664 $ 311,687 Gain (loss) on disposal of assets - (1,910,226) (5,961,704) Debt reserve fund and interest income - 782,933 454,048 Other income - 2,808,445 6,892,507 - - 6,666,816 1,696,538
Expenses Amortization of tangible capital assets 69,787,126 74,994,413 66,248,844 Debenture expense - - 360,000 69,787,126 74,994,413 66,608,844
Annual deficit, capital and other funds (69,787,126) (68,327,597) ( 64,912,306)
Non-financial assets transactions Acquisition of tangible capital assets Sewer and Drainage District 143,120,000 122,662,713 118, 883,104 Water District 182,183,000 93,556,353 234, 656,142 Regional District 20,865,129 19,923,915 12,712,488 Housing Corporation 5,650,000 1,175,559 1,411,720 351,818,129 237,318,540 367,663,454 Amortization of tangible capital assets (69,787,126) (74,994,413) ( 66,248,844) Change in prepaid expenses and leases 194,799 241,227 (1,206,165) Disposal of tangible capital assets - (2,178,085) (6,557,287) 282,225,802 160,387,269 293,651,158
Financing Debenture debt issued 187,414,508 155,000,000 60,000,000 Transfers from: Operating funds 126,880,137 126,265,499 119, 078,982 Reserve funds 38,032,231 28,098,125 32,456,104 352,326,876 309,363,624 211,535,086
70,101,074 148,976,355 (82,116,072) Change in capital and other funds 313,948 80,648,758 (147,028,378)
Fund balances, beginning of year (124,452,221) (124,452,221) 22,576,157
Fund balances, end of year $ (124,138,273) $ (43,803,463) $ (124,452,221)
Capital and Other Funds consists of: Prepaid land leases $ 6,036,297 $ 6,231,096 Temporary financing from working capital (49,839,761) (130,683,317) $ (43,803,464) $ (124,452,221) SECTION II
Other Schedules Schedule 1 Page 1of4 SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Members of the Board of Directors and Elected Officials
Base Total Name Position* Salary Expenses Affleck, George Board Member (Alternate) $ 1,113 $ 15 Albrecht, Paul Council of Councils 742 Arnason,Petrina Council of Councils 1,460 Arnold,Jack Council of Councils 371 Au,Chak Board Member (Alternate) 371 Back, Holly Council of Councils 371 Bain, Fred Council of Councils 742 Baldwin, Wayne Board Member 12,985 2,722 Ba II, Elizabeth Board Member (Alternate) 1,113 15 Bassam,Roger Committee Member 6,307 2,946 Becker,John Board Member 5,565 7,270 Bell, Bruce Council of Councils 742 Bell,Corisa Committee Member 2,226 Bell, Don Board Member (Alternate) 742 Bond,Mathew Council of Councils 742 Booth, Mary-Ann Board Member (Alternate) 2,597 Braun,Henry Board Member 1,113 15 Brodie, Malcolm Board Member 27,110 1,931 Buchanan, Linda Committee Member 4,081 30 Buhr, Karl Board Member 7,791 Calendino,Pietro Board Member (Alternate) 1,855 Cameron,Craig Committee Member 2,597 Campbell, Robert Council of Councils 742 Carr,Adriane Board Member (Alternate) 2,597 Chesney, David Council of Councils 742 Clark, Roderick Council of Councils 742 Clay, Michael Board Member 21,787 2,540 Corbett, Tanya Board Member (Alternate) 371 Corrigan, Derek Board Member 20,303 Cote,Jonathan Board Member 20,297 7,239 Day,Carol Council of Councils 371 De Genova,lla Board Member (Alternate) 371 Deal, Heather Board Member 19,932 3,154 Dhaliwal,Satvinder Board Member 8,533 Dilworth, Diana Committee Member 1,484 Dingwall, William Council of Councils 371 Drake, Bruce Board Member (Alternate) 742 Drew, Ralph Board Member 6,307 65 Duncan, Kiersten Council of Councils 371 Dupont, Laura Committee Member 2,597 Elkerton,Janis Board Member (Alternate) 3,710 35 Fast,Sue Ellen Council of Councils 742 Fathers, Helen Council of Councils 742
* "Committee Member" refers to elected officials who sit on Metro Vancouver Standing Committees Schedule 1 Page 2 of 4 SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Members of the Board of Directors and Elected Officials
Base Total Name Position* Salary Expenses Fox,Charlie Board Member 11,130 125 Froese,Jack Board Member (Alternate) 3,710 45 Froese, Ryan Board Member (Alternate) 371 Gambioli,Nora Committee Member 2,597 35 Gill, Moe Committee Member 2,968 40 Gill, Tom Board Member (Alternate) 4,081 45 Glover,Jennifer Council of Councils 371 Glumac, Ricky Council of Councils 742 Goosen,Alexa Council of Councils 742 Hanson,James Committee Member 1,855 Harper, Bill Board Member (Alternate) 1,855 25 Harris, Maria Board Member 26,514 2,846 Hayne, Bruce Board Member 7,049 85 Hepner, Linda Board Member 3,710 35 Hicks, Robin Committee Member 2,968 Hodge,Craig Board Member 16,683 4,123 Holmes, William Board Member (Alternate) 1,113 Jackson,Lois Board Member 11,872 145 Jang, Kerry Board Member 3,339 40 Johnston, Dan Board Member (Alternate) 742 Johnston, Ken Council of Councils 742 Johnstone, Patrick Board Member (Alternate) 371 Jordan, Colleen Board Member 12,243 Kanakos,Jeannie Council of Councils 742 Kang,Anne Council of Councils 371 King, Heather Council of Councils 742 Knight, Megan Council of Councils 371 Lahti, Meghan Board Member (Alternate) 371 Lawrence, William Board Member (Alternate) 359 Le Franc, Vera Board Member (Alternate) 742 5 Long, Bob Board Member 21,147 7,408 Louie, Raymond Board Vice Chair 37,727 9,511 MacKay-Dunn, Douglas Board Member (Alternate) 1,484 20 Marsden, Denn is Board Member (Alternate) 742 5 Martin,Gayle Board Member (Alternate) 1,855 10 Martin, Mary Board Member 5,565 65 Mason, Melanie Council of Councils 742 Masse, Robert Committee Member 3,339 McDonald, Bruce Board Member (Alternate) 3,710 40 McDonell,Paul Board Member (Alternate) 742 McEvoy,Jaimie Committee Member 371 McEwen,John Board Member 14,840 5,092 Mclaughlin, Ronald Board Member (Alternate) 1,113
* "Committee Member'' refers to elected officials who sit on Metro Vancouver Standing Committees Schedule 1 Page 3 of 4 SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Members of the Board of Directors and Elected Officials
Base Total Name Position* Salary Expenses McNulty, William Board Member (Alternate) 2,597 30 McPhail,Linda Board Member (Alternate) 1,113 15 Meggs,Geoffrey Board Member 7,049 85 Meyer,Grant Council of Councils 371 Miyashita,Tracy Council of Councils 742 Moore,Greg Board Chair 73,970 21,525 Morse,Alison Council of Councils 371 Muri, Lisa Committee Member 4,081 35 Murray,David Council of Councils 1,113 74 Mussatto,Darrell Board Member 28,465 4,996 Muxworthy,Perry Council of Councils 742 Nicholson, Maureen Board Member 9,646 110 O'Neill, Terence Board Member (Alternate) 742 Pachal,Nathan Council of Councils 742 Paton, Ian Committee Member 2,597 15 Penner, Darrell Board Member (Alternate) 6,678 60 Pollock,Glenn Council of Councils 371 Quaale,Angela Council of Councils 371 Read, Nicole Board Member 8,144 Reid, Mae Board Member (Alternate) 2,968 117 Reimer,Andrea Board Member 9,275 Robertson,Gregor Board Member 5,918 Ross,Jamie Council of Councils 742 Royer,Zoe Council of Councils 742 Schaffer, Ted Committee Member 3,710 40 Shymkiw,Tyler Board Member (Alternate) 3,339 Sinclair, Lynne Council of Councils 371 Skeels, Murray Committee Member 742 Smith, Michael Board Member 8,533 Sparrow, Michelle Board Member (Alternate) 1,113 Speirs,Craig Committee Member 3,339 Starchuk,Michael Board Member (Alternate) 1,113 15 Stark, Michael Council of Councils 742 Steele, Barbara Board Member 23,187 5,055 Stevenson, Tim Board Member 15,211 5,254 Steves, Harold Board Member 12,614 Stewart, Richard Board Member 22,529 8,259 Storteboom,Rudolph Board Member 7,420 90 Thiele,Ann-Marie Council of Councils 742 Towner, Teresa Council of Councils 742 Trentadue,Mary Council of Councils 371 Trowbridge, Kim Council of Councils 371 van den Broek,Valaria Council of Councils 371
* "Committee Member" refers to elected officials who sit on Metro Vancouver Standing Committees Schedule 1 SCHEDULE OF REMUNERATION AND EXPENSES Page4 of 4 For the year ended December 31, 2016 Members of the Board of Directors and Elected Officials
Base Total Name Position* Salary Expenses Villeneuve,Judy Board Member 13,996 130 Walton, Richard Board Member 15,109 115 Wang,James Council of Councils 1,456 Washington, Dean Committee Member 2,226 Waterson, Helen Council of Councils 371 Weverink, Paul Council of Councils 742 Whitmarsh,Blair Council of Councils 371 Williams, Bryce Board Member 3,710 45 Williams, Lorrie Council of Councils 371 Wilson, Chris Council of Councils 742 Woods, David Board Member (Alternate) 5,194 55 Zarrillo, Bonita Committee Member 371 TOTAL $ 732,202 $ 103,842
* "Committee Member'' refers to elected officials who sit on Metro Vancouver Standing Committees Schedule 2 Page 1of21
SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Employees
Base Salary Taxable Benefits Name Payments (1) and Other (2) Expenses (3) Abraham,Thomas $ 84,196 $ 14,70S $ 1,466 Abu Bakar,Ari 116,078 4,680 12S Adamoski,David 78,831 1,SS4 8SS Aderneck,Eric 110,461 9,884 2,260 Agecoutay,Brian 79,960 29,S7S 222 Agnew,Anna 76,S27 6,287 2,977 Ainsley, Darryl 124,826 3,S80 7,799 Aldaba,Alain 107,60S 18,66S 1,080 Alexander,Murray 97,341 3,276 Algar,Mike 73,96S 8,222 1,282 Ali,Abid 89,424 3,134 Alibhai,Nimet 78,831 S,368 91 Allan,Chris 130,682 S,24S 830 Almeida,Joe 111,S67 36,603 Amato,Joe 63,S09 13,41S 1,298 Amos, Bill 78,796 37,llS S72 Anderson, Brian 69,744 2S,613 1,763 Anderson, Cory 81,098 2S,S77 3,220 Anderson, Erik 74,099 8,428 420 Anggabrata,Denny 101,Cl7S 4,296 1,688 Appleton,Jeremy 87,277 27,673 4,S09 Aquila,Marco 83,783 3,819 48 Arabsky,Jennifer 77,1S3 2,949 279 Arya,Sanjeev 97,341 S,328 1,143 Asher,Alistair 80,806 12,834 S19 Ashford, Graeme 71,714 32,006 942 Ataei-Mahdian,Ramin 82,224 3,791 Atchison,John 88,79S 21,816 S09 Atchison,Naomi 63,738 17,397 l,60S Atkinson, Holly 73,463 31,682 2,S7S Aubin,Jean-Philippe 83,868 S,117 10,780 Au-Yeung,Alex 78,831 2,180 21 Avanthay,Larry 78,831 3,366 920 Ayalp,Met 116,078 10,S83 886 Babey, Mark 77,994 28,02S sso Babineau,Fabien 9S,309 S,380 872 Backiel,Robert 84,736 12,939 10,117 Bains,Udham 97,341 3,276 768 Bajkin,Jugoslav 116,078 6,90S 6,884 Baker, Veronica 91,312 3,460 2,389 Bakharia,Adam 89,424 19,S30 Bal lack, Rawle 68,090 18,062 696 Bandrabur,Ovidiu 46,842 41,S2S 1,708 Banman,Mike 107,037 27,622 833 Barbosa,Anthony 106,460 4,434 l,29S Baril, Michael 82,224 2,241 Barroetavena,Roberto 118,92S 7,S32 SS3 Baruffa,Antonio 79,789 3,294 S7 Baruffa,Cesidio 7S,S66 2,603 101 Baskalovic,Dragan 116,078 10,484 sos Bates-Frymel,Laurie 101,979 3,216 2,237 Bator, Brad 107,188 lS,913 613
(1) Employees are paid bi-weekly, which results in 26 pay cheques. {2} Consists of benefits (re. MSP, dental, health), auto allawonces and one time payments fie. banked vacation and overtime). (3) Includes Metro Vancouver business related expenses for training, travel, mileage and memberships. Schedule 2 Page 2 of 21
SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Employees
Base Salary Taxable Benefits Name Payments (1) and Other (2) Expenses (3) Beairsto,Darren 93,232 9,815 1,452 Bean, Roger 82,336 28,560 Beatty, William 68,518 9,217 2,704 Bedrossian,Shant 84,994 13,182 2,031 Beere, Chris 81,468 10,629 1,122 Belich,Grant 60,983 21,713 194 Benjamin,Angelo 101,470 16,000 Benton,Steve 70,410 20,219 635 Berglund,Mike 100,266 39,707 1,133 Berka,Caroline 72,132 3,818 2,722 Bernardino, Ernesto 76,314 3,880 4,217 Berton,Jesse 95,460 4,164 4,255 Berube,Esther 126,626 4,568 1,436 Beverley,Jessica 140,192 5,182 6,537 Bigg, Terry 75,081 11,490 5,977 Bindley, Dale 89,064 16,308 1,075 Bishay,Farida 109,242 5,663 1,040 Bittante,Diego 80,142 2,678 541 Black, Drew 72,074 16,962 1,018 Blankert,Bernie 68,204 13,357 Blendell,Melanie 69,263 11,533 1,119 Block, Randy 84,212 34,703 242 Blundell, Rob 76,382 4,636 1,761 Boak,Maggie 88,054 5,188 1,536 Boechler,Kevin 71,254 5,794 205 Bond, Brett 107,037 4,997 607 Bondar,Marla 89,424 1,604 Bonham,Nancy 124,913 4,517 3,644 Borsa,Jason 72,549 3,026 2,605 Bosquet, Lynne 77,103 3,419 606 Boss,Mike 130,718 21,050 4,862 Botwright,Mark 75,755 28,689 2,372 Boucher, Vincent 95,007 3,713 2,295 Bousmina,Zoheir 116,078 4,848 1,402 Boutilier, Rachel 77,153 3,620 29 Bradley,Don 131,657 6,608 379 Bradley,Rob 116,085 3,271 2,735 Brook,Judith 90,552 1,395 313 Broughton, Darren 78,945 13,033 1,063 Brown, Debbie 97,341 2,159 2,458 Brown, Donna 189,303 17,698 Brown,Jo-Ella 79,269 18,677 194 Brown, Kevin 114,949 31,488 413 Brown,5cott 77,137 1,539 465 Brumin,Leon 82,224 3,038 Buholzer,Paul 72,120 33,807 484 Bullock,Mike 83,554 4,387 2,027 Bungubung,Renato 97,921 7,904 3,186 Burr,Shane 85,786 4,202 402 Burtniak,Darryl 79,943 22,389 974 Burton,Brent 130,682 5,220 3,930 Butler, Eileen 73,662 16,137 2,476
(1) Employees are paid bl-weekly, which results in 26 pay cheques. {2} Consists of benefits (ie. MSP, dental, health), auto allowances and one time payments (ie. banked vacation and overtime). (3) Includes Metro Vancouver business related expenses for training, travel, mileage and memberships. Schedule 2 Page 3 of 21
SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Employees
Base Salary Taxable Benefits Name Payments (1) and Other (2) Expenses (3) Buxton, Ian 84,689 15,297 3,237 Caculovic,Miroslav 77,078 3,033 266 Caird,David 137,662 5,306 2,962 Campbell, Dan 59,908 34,871 1,987 Campbell, Elisa 151,814 10,209 11,211 Campbell,Rick 64,501 25,643 500 Campeau, Bruce 76,211 54,328 Cantelo,John 57,504 42,533 Carabine,Anne 95,635 3,103 2,044 Carbone, Lorenzo 67,150 49,769 928 Carlson,Dana 85,457 1,534 Carmichael,Jeff 151,969 5,601 5,982 Carmichael,Mary 74,691 2,274 883 Carson,Mike 65,950 13,148 7,074 Carter, Lorn 152,319 5,774 2,266 Cavill, Bob 84,870 32,909 Ceglarek,Swavik 79,943 18,559 892 Chacko,Joseph 116,078 4,948 3,146 Chan,Berlinda 73,829 2,720 1,487 Chan,Jeff 150,652 5,733 4,156 Chan, Kenneth 85,498 8,683 2,492 Chan, Richard 131,233 7,047 4,883 Chang-Kit, Ronald 74,466 34,616 513 Chaput,Jim 84,656 36,789 6,905 Chen, Fragrance 76,017 4,290 40 Chen, Gerald 82,224 3,006 349 Cheng, Bob 137,737 18,235 4,034 Cheng, Doreen 78,831 2,857 1,690 Cheng,Elizabeth 77,013 6,070 125 Cheng,5han 116,078 9,476 619 Cheng, Winson 106,730 4,992 994 Cheok,Nai-Tin 130,310 5,518 3,551 Cheong, Tony 161,974 18,744 328 Chhina,Ravi 142,353 25,793 4,719 Chilton, Rob 76,832 8,650 955 Chin,Adeline 110,219 4,699 2,011 Chin, Peter 93,007 3,510 1,970 Chin, Tony 77,251 20,488 505 Chiu,Gary 98,800 19,592 2,173 Chiu,Joe 85,096 24,693 4,307 Chiu, Vince 136,822 11,038 5,609 Chow,Jack 116,078 4,848 5,890 Chow,Larry 133,686 36,260 3,930 Choy,Harvey 123,735 8,597 3,461 Christensen,Brian 79,789 5,747 Chu,Alfred 88,267 19,900 1,114 Chung,Peter 84,302 9,028 1,383 Chung, Tiffany 98,248 4,381 4,020 Ciocan,Emil 79,962 9,348 1,536 Clark,Josephine 82,054 3,109 1,662 Clarke, Lisa 68,730 8,518 2,630 Clarke, Martin 130,310 5,046 4,198
(1) Employees ore poid bi-weekly, which results in 26 pay cheques. (2) Consists of benefits (ie. MSP, dental, health), auto allowances and one time payments (ie. banked vacation and overtime). (3) Includes Metro Vancouver business related expenses for training, trove/, mileage ond memberships. Schedule 2 Page 4 of 21
SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Employees
Base Salary Taxable Benefits Name Payments (1) and Other (2) Expenses (3) Clark-Jones,Frank 81,411 27,647 1,071 Clews,Steve 80,242 2,758 1,003 Co,Soolim 116,190 8,136 2,193 Coates,Stuart 79,095 20,425 909 Cockle,Grace 85,786 6,608 715 Cojoca riu,Anton 72,148 11,797 1,065 Cole, Britton 81,897 23,187 818 Coleman,Larry 65,786 24,834 586 Collen, Troy 74,157 4,595 3,977 Collins,John 82,224 4,881 45 Collins, Tim 85,982 2,362 1,717 Colman,Jerry 83,036 3,382 188 Connelly,Shawn 84,544 22,110 1,849 Conner,Sheri 111,388 4,790 Conti,Aldo 96,414 12,648 1,328 Cook, Kelly 93,232 2,769 475 Cooke, Rod 107,222 23,714 1,366 Coombes, Michael 82,224 3,418 470 Corrigan, Patrick 80,004 39,454 4,582 Cote, Darcy 61,242 43,798 Coughlan,Janaka 79,943 57,410 400 Coulman,Dan 78,228 16,370 5,205 Coulon,Harvey 102,725 16,737 1,151 Coutinho, Eric 101,470 5,031 Coutu, Kevin 76,583 7,836 817 Creagh, Pat 78,831 9,549 5,019 Crosby,Jennifer 136,832 4,771 3,161 Crowle,John 116,078 4,274 1,787 Cruickshank,Craig 72,388 10,372 243 Cruz, Danilo 64,501 11,900 658 Cruz, Fortunato 130,310 38,949 1,989 Cruz-Rivera,Angelita 72,610 2,444 Cullen,Vanja 83,833 4,180 150 Cumming,Simon 140,676 9,038 1,333 Cummings,Christine 78,831 2,802 2,309 DaDalt,Wendy 136,832 5,213 5,633 Dallimore,Howard 113,954 3,366 699 D'Angelo,Rob 152,144 5,892 3,420 Danis,Sebastien 84,790 24,848 1,873 Darcus, Laurie 73,325 3,059 666 Daunais,Adam 89,424 4,061 Davey, Barbara 120,546 4,946 2,657 Davidson, Chris 106,730 2,810 2,850 Davies, Mike 111,427 16,439 6,890 Davis, Donna 80,146 2,418 335 Daw,Hanadi 79,743 2,957 449 de Boer,Andrew 139,134 5,440 3,924 De Cosse,Brad 107,037 5,169 de Geest,Kristine 97,341 2,511 46 De Gusseme,Brian 76,849 27,839 124 de la Cour,Pierre 79,193 20,584 1,272 De La Franier,Carol 130,496 5,497 725
(1) Employees ore paid bi-weekly, which results in 26 pay cheques. {2) Consists of benefits {ie. MSP, dental, health), auto allowances and one time payments {ie. banked vacation and overtime). (3) Includes Metro Vancouver business related expenses for training, travel, mileage and memberships. Schedule 2 Page S of 21
SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Employees
Base Salary Taxable Benefits Name Payments (1) and Other (2) Expenses (3) De Rose,Enzo 76,211 20,021 6,480 Deacon, Dan 80,407 41,708 171 Del-Linz,Jack 85,706 79,598 Denboer,Bob 85,786 3,069 Deo,Mani 94,454 15,210 4,325 Der,Kelly 116,355 3,952 682 Dhillon,Jat 86,106 40,127 1,968 Dhillon,Manjit 78,831 5,165 722 Di Cicco,Andre 77,921 10,717 21 Di Stasio,Tony 67,995 14,247 1,511 Diotte,JL 85,786 5,873 272 Doerksen,Geoff 97,341 6,323 2,237 Doi,Andrew 97,341 2,536 5,032 Dolemeyer,Frank 107,037 13,876 3,519 Donaghy,Steve 90,970 4,229 963 Dong, Tara 90,970 4,402 2,645 Dove,Franklin 79,789 10,380 218 Draghici,Emilian 75,357 6,055 12,010 Dragon, Willyam 118,027 15,033 6,771 Dreger, Clayton 86,106 41,975 1,402 Driedger,Don 139,716 5,462 4,468 Duarte, Romeo 81,475 3,765 142 Ducey,Mike 116,316 4,084 1,786 Dufault, Paul 146,051 6,265 5,536 Dunkley,Dave 116,413 4,853 380 Dunphy,Malcolm 85,228 12,940 916 Durrant, Christopher 80,200 14,078 13,612 Duso,Lucy 91,834 1,651 671 Duynstee,Theresa 97,341 2,511 1,250 Dwyer, Marty 116,592 4,911 496 Dybwad,Matthew 110,219 10,833 2,437 Dyck, Peter 82,911 1,969 121 Easton,Joe 81,411 5,153 818 Eastwood,Bill 88,795 14,569 Eberle,Margaret 104,982 4,994 5,248 Ebinesan,Joshua 89,424 7,483 414 Edbrooke,Mia 78,014 2,188 1,968 Ederer,Clint 60,237 20,453 2,242 Edmonson, David 78,831 1,720 8 Eisen kraft, Nicolas 79,663 13,232 2,422 Elliott,Ken 77,334 7,082 399 Ellis, Casey 57,854 19,073 Emmert,Jason 97,341 3,799 1,139 Eng, Raymond 121,656 12,245 5,500 Eng,Sam 74,582 8,485 1,014 Engelstad,Brock 78,675 9,092 252 England,Karin 72,790 3,038 3,901 Enns, Thomas 75,119 2,879 Ergudenler,Ali 130,496 5,222 457 Erickson, Brian 89,051 27,255 289 Esguerra, David 75,702 11,178 4,120 Esguerra,Glen 75,702 1,357 5,478
(1) Employees are paid bi-weekly, which results in 26 pay cheques. {2} Consists of benefits (ie. MSP, dental, health), auto allowances and one time payments (ie. banked vacation and overtime). (3) Includes Metro Vancouver business related expenses for training, travel, mileage and memberships. Schedule 2 Page 6 of 21
SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Employees
Base Salary Taxable Benefits Name Payments (1) and Other (2) Expenses (3) Esplen,Chad 59,467 18,697 1,915 Estrada,Ariel 112,499 4,755 2,554 Fairbairn,Bob 77,244 23,912 Fanzone,Paul 72,117 19,536 307 Farr,Jennifer 90,764 4,028 4,565 Fasciglione, Vito 39,506 77,035 454 Feng,Philip 79,392 1,450 2,835 Fereidouni,Reza 82,056 26,604 1,709 Ferguson, Dave 81,144 34,234 738 Ferguson,Mark 164,674 6,078 380 Ferguson, Mike 68,976 38,727 1,352 Fergusson,Jaron 104,744 196 4,834 Fernandes,Maricor 72,478 3,863 210 Fiehn,Chuck 77,245 15,751 2,080 Filush,Jake 73,585 6,886 2,263 Fisher, Pete 104,163 21,452 9,040 Fitzmaurice, Katie 90,014 3,671 2,721 Fitzpatrick,Jeffrey 119,463 6,007 7,195 Fong,Kimberly 93,232 5,777 1,077 Ford, Bruce 85,786 8,323 619 Ford, Laurie 136,832 5,104 7,474 Forscutt,Dave 82,036 5,254 Forsyth,Scott 136,832 16,791 4,054 Foster, Chris 77,868 30,188 2,204 Fought, Rob 140,979 9,282 Franken,Alisa 83,745 5,479 2,372 Franson,Rose-Helene 101,960 2,623 931 Fratino,Enzo 77,251 8,759 345 Friedrich, George 113,426 4,322 404 Frymel,Bart 78,831 6,188 Fuhrmann,Marlene 85,786 4,955 950 Fung,Henry 116,078 7,527 4,333 Gaffud,Jerico 71,082 5,415 386 Gagnon, Rick 111,272 4,726 757 Gale, Evan 61,865 39,354 670 Gale, Tony 89,737 3,299 5,421 Gali,John 85,713 38,426 1,182 Gallilee,Rick 181,054 16,002 380 Gant,Murray 131,761 8,969 14,397 Garie,Noedup 78,831 6,618 666 Gasparro,George 93,232 4,365 2,583 Gatrell,Jan 76,211 6,974 3,467 Gauci,Joanne 82,480 6,507 233 Gawdin,Bryan 89,796 20,724 430 Gaythorpe,Shane 79,708 33,577 2,819 Gee, Michele 74,837 5,794 662 Gehrer,Chris 83,334 62,448 1,544 Gellard,Joe 61,858 14,718 1,560 Genge, Kerry 102,732 5,166 183 Gentile, Gerry 76,246 18,458 162 Gerath,Guy 76,032 8,726 1,098 Gheseger,Tania 89,424 3,134 10,419
(1) Employees are paid bl-weekly, which results in 26 pay cheques. {2} Consists of benefits (ie. MSP, dental, health), auto allowances and one time payments (ie. banked vacation and overtime). (3) Includes Metro Vancouver business related expenses for training, travel, mlleoge ond memberships. Schedule 2 Page 7 of 21
SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Employees
Base Salary Taxable Benefits Name Payments (1) and Other (2) Expenses (3) Gibson,Graeme 76,564 10,776 757 Giesbrecht,Paul 107,896 47,539 6,622 Gill,Jag 72,610 2,857 421 Gilles, Bill 89,431 37,039 536 Gilmour,Lorne 78,831 2,188 Gislason,Thora 85,081 2,922 2,732 Glasgow,Cameron 79,789 9,675 800 Glass,Jennifer 106,730 4,610 380 Gleig,Derek 80,910 6,644 243 Glover,Michael 79,238 13,005 792 Gnos,Martin 119,095 7,501 7,302 Godwin,Sandy 97,609 4,818 1,649 Goertz,Karen 72,622 2,865 621 Gogol,Jeff 97,341 2,511 540 Goh, Cordelia 97,341 . 3,586 4,223 Goh, Vila 86,532 1,548 62 Gomez-Garcia,Jose 100,803 13,232 Goodman-Rendall, Kirstie 78,816 8,782 2,879 Gothard, Matthew 101,960 3,694 1,286 Graham,Nela 98,492 17,647 Graham, Patrick 117,836 7,940 1,153 Green,Matthew 107,830 48,330 1,240 Greer,Terry 60,362 15,110 2,557 Gregon ia, Theresa 134,324 7,244 8,369 Grewal, Ravi 109,859 7,808 1,682 Griffith,Lionel 70,951 16,255 621 Griffiths,Jacquie 179,245 17,966 10,551 Griffiths, Victor 83,554 3,499 911 Grill,Aaron 116,190 4,849 4,021 Gu,Li 118,601 9,704 922 Guidi,Claudia 92,334 6,310 775 Gu iron, Warren 79,789 19,998 384 Gulamhussein,Naz 69,534 9,613 1,568 Guldemet,John 79,635 5,246 1,922 Gushue,Joe 72,758 19,376 Gutierrez,Jaime 75,893 3,163 215 Hall,Brent 72,516 16,988 1,767 Hall, David 108,182 4,744 4,586 Hamza,Danny 84,656 24,228 2,011 Hansen,Angela 86,052 4,982 1,112 Harder,Susana 116,078 4,903 2,274 Harding,Theresa 101,438 8,021 6,515 Hardy,Kelly 77,153 3,804 29 Harmeson, Matt 66,155 19,752 7,206 Harms,Herman 79,910 1,704 10,548 Harris, Ben 63,896 36,283 1,178 Harris, Ed 82,721 13,547 101 Harris, Peter 130,437 5,216 1,102 Harris,Samira 84,249 2,004 13,308 Harrison,Stephanie 114,832 4,829 436 Hartley,Elizabeth 85,787 3,288 1,451 Hartwell, Lee 62,693 25,373 971
{1) Employees are paid bi-weekly, which results in 26 poy cheques. {2} Consists of benefits {ie. MSP, dental, health), auto allowances and one time payments (ie. banked vacation and overtime). (3) Includes Metro Vancouver business related expenses for training, travel, mileage and memberships. Schedule 2 Page 8 of 21
SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Employees
Base Salary Taxable Benefits Name Payments (1) and Other {2) Expenses (3) Haughian,Paul 80,725 9,109 3,692 Haw, Kevin 93,232 12,S84 l,8S4 Hayton,Scott 79,173 1S,S40 1,129 Hebner,Gail 120,987 4,808 228 Heidarian,Arezoo 101,960 4,318 1,820 Heinrich,Barry 66,682 10,203 2,016 Henderson, Paul 221,914 23,518 6,S16 Hengen,Tom 119,984 3,137 4,293 Herar,Manjit 106,730 2,810 1,888 Herdsman,Chris 68,S36 21,891 833 Hewitt, Mike 79,464 7,2S3 6,671 Heyman, Bill 117,363 4,713 393 Hickling, Charlene 80,985 8,609 2,008 Hicks, Robert 131,198 S,327 2,014 Hightower.Carrie 77,994 1,46S 1,941 Hildebrand,Ralph 222,690 33,166 8,027 Hilkewich,Alison 72,737 3,S66 32 Hill,Janice 97,341 3,276 Hill,Philip 11S,77S 4,994 1,628 Hirvi Mayne,Maari 116,078 3,048 1,171 Ho,Alfred 118,92S 8,218 Ho,Allen 83,SS4 7,71S 1,713 Ho,Brandon 113,009 4,421 SSS Ho, Chau 77,4S9 33,485 3,94S Ho,Florence 101,960 12,471 380 Ho,Jonathan 111,2S9 2,926 1,716 Ho, Kimberly 7S,S20 5,138 1,S9S Hobson, Wayne 81,440 12,319 504 Hockey,Jim 84,412 8,S04 3,298 Hoff,Terry 110,461 2,746 1,476 Hoffman, Dave 119,409 41,S63 2,766 Hoffman, Don 68,623 43,640 1,SOl Holdenried,Ulli 72,6SO 22,67S 2,963 Holt, Glenn 84,6S6 17,048 6,769 Holton,Janet 87,596 4,268 29 Hoonjan,Raj 116,190 6,091 soo Hou, Eve 97,341 9,120 4,677 House, Mark 67,709 26,773 400 Howell,John 69,514 10,613 745 Howell, Ron 107,647 4,507 4,480 Hrubizna,Jason 7S,702 2,887 Hrynyk,Sheryl 78,6S3 4,207 147 Huang,Gerry 114,739 4,660 581 Huber,Frank 181,0S4 6,806 S,38S Hughes,Mike 10S,6S7 24,001 7,333 Hui, Kenneth 130,511 S,22S 380 Hui, Terry 128,304 S,400 380 Hume,Jade 98,608 2,S98 S,2Sl Humphris,Doug 193,100 1,SS4 Hung, Wayne 82,036 11,868 343 Hunt,Andrew 130,312 21,138 2,941 Hunte, Carlos 101,960 3,760 l,S41
(1) Employees are paid bi-weekly, which results In 26 pay cheques. (2) Consists of benefits (ie. MSP, dental, health), auto allowances and one time payments (ie. banked vacation and overtime). (3) Includes Metro Vancouver business related expenses for training, travel, mileage and memberships. Schedule Z Page 9 of 21
SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Employees
Base Salary Taxable Benefits Name Payments (1) and Other (Z) Expenses (3) Huskisson,Kevin 69,762 7,330 1,769 Husoy,Tracey 151,969 5,651 1,657 Hustwait,Mark 88,507 5,140 222 Hynes,Shaunna 78,831 11,139 680 Ingles, Mike 64,501 14,731 76 Inglis, Gordon 138,404 9,432 206 losub,Catalin 72,758 9,240 2,832 lslam,Shafiqul 116,257 11,994 868 lsrael,Sue 82,597 4,728 991 Jackman, Thomas 64,432 22,750 1,449 Jackson, Bob 79,269 24,735 222 Jacques, Lisa 101,125 15,275 3,546 Jadrijev,Renato 93,232 9,905 2,402 Jalayer,Farnaz 94,898 3,930 1,322 Jamieson, Nathan 105,846 3,576 2,461 Jang,Colin 69,575 7,010 212 Jarvis,Janice 89,424 3,134 2,622 Jenkinson, Dan 65,105 13,354 1,958 Jenkinson,Kris 70,803 45,067 2,138 Jennejohn,Derek 130,459 5,316 1,387 Jenner,Greg 72,610 3,109 Jensen,Allen 72,478 3,864 2,030 Jensen,Gudrun 70,521 7,988 135 Jensen, Tim 51,997 31,828 Jeon, Won 77,805 32,222 6,418 Jervis, Tim 224,413 18,948 380 Jessa,Noordin 103,166 14,509 19 Jewell,Karen 148,339 6,330 7,297 Ji, Tony 116,078 4,848 1,212 Jivraj,Tameeza 116,862 4,692 474 Johal,Sonny 78,831 2,953 1,833 Johnson, Ken 67,026 43,692 1,241 Joiya,Rajiv 101,960 4,402 384 Jokic,Mike 101,960 4,486 3,983 Jones, Ken 58,892 16,702 93 Jones, Michelle 78,000 3,012 Jordan,Aj 101,470 17,148 6,019 Jordan, Faye 82,773 8,742 13,551 Jung, Don 84,656 10,249 459 Jutric,Branislav 116,541 4,875 3,697 Kadota,Paul 137,069 5,535 3,755 Kailley,Sonu 81,349 1,591 2,380 Kan, Raymond 110,461 2,969 5,340 Kan,Siak 79,789 14,731 112 Kappeli,David 62,864 24,055 1,008 Karpinski,AI 72,640 9,910 1,278 Kassam,Amin 137,751 5,395 5,016 Kawasaki,Airdre 72,854 3,667 29 Keeney, Dave 78,234 3,180 1,886 Kelder,Brandon 60,011 16,525 800 Kelder,Mike 73,965 6,694 568 Kelder,Murray 119,569 30,609 125
(1) Employees are paid bi-weekly, which results in 26 poy cheques. (2) Consists of benefits (ie. MSP, dental, health), auto allowances and one time payments {ie. banked vocation and overtime). (3) Includes Metro VOf!COuver business related expenses for training, trove/, mileage and memberships. Schedule 2 Page 10 of 21
SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Employees
Base Salary Taxable Benefits Name Payments (1) and Other (2) Expenses (3) Kelly,Quinn 68,538 9,170 1,156 Kennedy,AI 80,908 44,373 1,370 Kennett,Mike 68,467 46,700 Kim,Kiejoon 85,786 6,767 278 Kim,Marian 134,238 5,283 1,356 Kimble, Tricia 91,969 4,733 442 Kimble, Willard 82,942 9,711 4,957 King,James 81,341 25,923 6,892 Kingdon,Michele 90,970 4,036 29 Kirkpatrick, Brent 116,101 4,848 3,429 Kitchen, Tess 85,786 9,854 212 Kiyonaga,Devin 101,960 4,990 4,565 Klick, Dennis 78,229 2,961 1,785 Klose,Lauren 76,999 3,075 1,565 Knaggs,Brenon 116,078 4,680 380 Knaupp,Janis 71,930 4,039 381 Knezevic-Stevanovic,Andjela 157,840 7,235 6,804 Kobitzsch,Megan 77,442 18,075 3,603 Kohl,Paul 144,117 16,780 384 Kolomyeychuk,Olha 78,831 5,997 772 Konvur,Linda 97,748 2,614 814 Kopp, Doug 81,038 32,715 194 Kosiance,Brad 83,034 22,863 1,085 Kovacevik,Mike 83,554 8,001 339 Kovacevik,Natasha 75,702 1,412 Kozljan,lvan 75,754 3,677 2,729 Kreutz,Linda 87,596 2,317 3,205 Krickemeyer,Lina 78,298 16,848 1,290 Kristensen, Don 84,632 12,616 932 Kronstal,Elizabeth 77,251 21,194 1,732 Kuczma,Joseph 76,516 8,777 8,418 Kutakova,Klara 128,586 5,393 2,200 Kylmala,Kari 76,559 11,831 979 Kylmala,Senja 85,363 5,745 4,574 LaBreche,Marcel 106,963 14,095 3,392 Lacoste, Peter 78,972 9,304 915 Laic,John 89,647 4,477 1,026 Laird,Cam 89,847 29,896 504 Laird,Rick 93,232 5,065 64 Laliberte,Michel 89,219 6,329 3,174 Lam,Paul 74,589 1,158 2,298 Lam,Paul 154,926 11,764 3,502 Lamb,Julie 90,970 4,036 474 Lan, Yao-Hung 116,271 8,300 619 Lancaster, Tom 115,694 2,671 841 Landry,Lynn 131,516 5,064 3,822 Lane,Rodney 76,677 17,542 1,460 Lang, Mark 74,187 21,455 302 Langeloo,Tyler 97,085 20,151 1,288 Langford, Pete 71,587 8,107 290 Lanz,Ann Marie 77,153 7,340 4,495 Larkin, Keith 75,089 38,469 3,523
(1) Employees are paid bi-weekly, which resvlts in 26 pay cheques. (2) Consists of benefits (ie. MSP, dental, health), auto allowances and one time payments (ie. banked vocation and overtime). (3) Includes Metro Vancouver business related expenses for training, travel, mileage and memberships. Schedule 2 Page 11of21
SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Employees
Base Salary Taxable Benefits Name Payments (1) and Other (2) Expenses (3) Laskowski,Sebastian 59,824 17,793 1,350 Law, Derek 83,554 3,133 698 le Nobel,Lynn 130,310 5,214 3,632 Le Penven,Gaelle 84,271 4,296 2,274 Leavers, David 95,596 3,394 390 Leclair,Jules 89,424 3,134 Lee,Ann 66,034 11,637 Lee,Annie 97,341 3,512 Lee,Jason 116,324 5,058 598 Lee, Ken 130,312 7,051 2,290 Lee,Sarah 101,075 7,120 1,542 Legault,Sue 79,943 31,182 2,577 Legge, Bob 69,511 34,124 250 Legge,Johanna 78,831 3,369 3,811 Lenardon,Vincent 83,963 13,589 881 Lenning,Dan 100,859 15,202 1,527 Leong,Loke 84,302 17,016 502 Lepore,Alfredo 71,930 20,496 995 Lepore, Pete 69,181 24,046 641 Leroux,Jason 69,380 10,406 1,582 Leslie, Gary 72,779 7,633 Letcher,Amanda 83,978 4,614 821 Leung, Karen 116,771 7,691 3,188 Leung, Mabel 93,086 4,114 1,089 Leung, Michelle 81,350 2,989 1,284 Leung,Percy 78,831 3,855 775 Lewis, Norm 94,334 6,244 2,656 Leystra,Bart 82,513 3,230 Li,Alan 116,078 10,969 380 Li, Vanessa 71,848 6,232 729 Lighthall,Jim 78,831 2,834 Lin,Echo 110,783 8,763 3,930 Linden bach, Bettina 72,478 3,582 642 Lindsay,Amil 106,730 4,833 4,029 Lindsay,Jane 92,558 4,047 5,144 Lindsay,Shelley 94,290 13,049 1,170 Lindstrom,Mel 78,789 1,414 Lip,Alfred 90,783 4,276 1,110 Litt,Paul 107,330 9,728 1,408 Littleford,Don 183,467 15,485 1,162 Liu, Douglas 86,206 1,864 1,389 Liu,Joan 106,730 4,808 683 Liu-Pope,Jacqueline 81,176 13,063 380 Livingstone, Bill 75,558 20,666 346 Lo, Benson 101,960 4,932 545 Loeppky,Chris 116,078 4,680 1,262 Lofgren,Jeff 66,040 36,288 519 Logan,Kurt 84,964 6,168 456 Lok,Fook Hung 88,795 4,740 585 Longson,John 76,572 8,549 493 Lopez, Larina 148,689 5,971 200 Lorenz, Luke 75,358 5,575 1,866
(1) Employees are paid bi-weekly, which results in 26 pay cheques. (2) Consists of benefits (ie. MSP, dental, health), auto allowances and one time payments {le. banked vacation and overtime). (3) Includes Metro Vancouver business related expenses for training, travel, mlleage and memberships. Schedule 2 Page 12 of 21
SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Employees
Base Salary Taxable Benefits Name Payments (1) and Other (2) Expenses (3) Louie, Terry 116,490 4,854 1,474 Lovell,Jeffrey 97,097 3,386 4,148 Lovell, Ken 66,550 15,879 295 Low,Dick 78,831 2,802 788 Low,Mona 93,232 4,887 2,588 Lowe, Don 127,042 4,963 554 Luccock,Dylan 78,831 16,043 69 Luft, Candace 91,116 4,648 2,279 Lui, Eddie 84,302 3,598 702 Lui, Gordon 150,348 16,546 6,251 Luongo, Ralph 127,966 29,236 4,641 Lupien,Cam 72,206 6,640 637 Lynch, Karen 70,110 7,070 434 Lytwyn,Ben 80,363 11,212 3,269 Maag, David 116,525 19,854 443 MacConnell,Mark 116,078 7,858 4,321 MacDonald,Mike 65,777 20,924 494 Mackay,Ted 79,943 16,023 811 MacKenzie,Sandy 129,401 5,461 1,153 Macleod, Ian 59,612 26,797 231 Macomber, Ken 82,642 3,371 301 Mager,Lynden 73,965 11,542 360 Mah, Wayne 97,341 3,276 1,590 Mahdavi,Mohammad 135,239 5,171 3,980 Mahmood,Saleem 116,078 17,620 4,392 Mahmud,Shahid 69,722 27,540 1,171 Mak,Emily 132,379 9,237 5,224 Maloku,Tahir 86,106 27,649 1,345 Manning,lan 122,176 4,771 2,271 Marchand,Fred 81,411 11,627 4,921 Marchand, Rick 130,312 65,181 1,983 Marchioni,John 88,795 30,738 4,806 Marcus, Gerry 116,190 3,375 547 Marin,Emilian 82,874 19,686 1,158 Markovic-Mirovic,Natasha 78,049 4,354 606 Marr,Andrew 160,555 39,893 3,085 Marrow,David 71,611 3,458 764 Marsh,Alex 72,516 40,165 1,037 Marshall,Lance 78,114 9,331 3,574 Martin,Brian 77,666 47,569 7,669 Martin,Kelly 78,241 29,500 1,164 Martinovic,Nick 81,411 10,260 765 Marwah,Jaspal 97,341 2,790 2,082 Mason, Carol 310,573 21,169 15,061 Masoom,Shaheli 101,175 4,624 1,305 Masse, Ken 116,212 5,197 5,112 Masse, Pat 73,816 6,746 1,385 Mastico,Gabriel 89,411 26,181 5,182 Matthews,Sherry 76,279 2,497 9,829 Maung,Todd 72,958 20,117 2,653 Maurer,Don 107,250 20,384 1,434 Maximuk,Greg 108,063 19,983 2,736
(1) Employees ore paid bi-weekly, which results in 26 poy c/1eques. {2} Consists of benefits {ie. MSP, dental, health), auto allowances and one time payments {le. banked vacation and overtime). (3) Includes Metro Vancouver business related expenses for training, travel, mileage and memberships. Schedule 2 Page 13 of 21
SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Employees
Base Salary Taxable Benefits Name Payments (1) and Other (2) Expenses (3) Mayers,Mike 129,246 39,765 Mayfield, Melvin 115,476 4,829 4,134 Mayo,Erin 78,181 6,661 1,127 Mazur,Jadwiga 75,702 4,070 4,303 Mazzucco,Sean 79,473 9,357 359 Mbugua,Charles 62,259 12,807 814 McAllister, David 69,534 30,489 McAuley,Chris 78,831 3,037 670 Mc Beth, Kyle 97,400 65,756 1,028 McComb,Tom 107,250 16,425 6,012 McCormick,Martin 79,559 4,318 13 McCurrach,Ray 81,852 20,610 2,978 McDonald,Brian 69,143 10,015 7,657 McFadyen,Cam 81,898 18,140 715 McFarlane,Ron 78,178 10,608 388 McGaughey,Michiyo 74,808 3,543 McGill,Jessica 75,702 1,357 992 McGillivray,Grant 93,232 13,096 58 McKague,Dave 93,232 3,495 1,502 McKenzie, Cathy 89,424 5,808 Mclean, Colin 83,404 33,270 5,242 Mclean, Robin 127,891 21,783 2,978 Mclean,Steve 82,197 12,736 739 Mclure,Steve 74,804 24,249 325 Mcluskie,Jonathan 85,825 32,969 1,611 McMahon,John 128,362 5,204 5,096 McMaster,Tanya 74,609 2,885 293 McMechan,Dan 96,967 2,506 1,812 McMichael,Audrey 79,979 4,973 2,970 McMichael,Mitch 75,918 8,401 McNell,Heather 141,115 5,321 1,602 McPherson,Janet 72,610 2,832 McQuarrie,Jim 130,312 11,104 4,347 McQueen,James 119,547 4,986 McQuillan,Dan 86,587 8,644 794 Medeiros,Jesse 79,789 6,944 575 Megas,Russ 106,199 19,139 3,276 Melanson,Joel 124,252 5,083 1,122 Meldrum,Colin 76,728 2,581 Merkens,Markus 89,424 1,604 3,043 Merry,Cal 130,335 6,061 454 Messer,Aaron 79,003 2,954 284 Messere,Tony 65,811 29,610 1,042 Meyer,Bill 116,078 3,312 1,970 Meyer,Craig 75,814 26,274 1,233 Meynert,Franz 82,036 22,126 385 Michaelson,Jason 69,405 25,051 325 Micsoniu,Rodica 117,615 4,867 335 Miller,Doug 73,965 28,290 2,303 Miller,Kyle 63,479 20,204 325 Miller,Robin 108,779 4,662 426 Miller-Werning,Janine 101,372 13,090 5,100
(1) Employees are paid bi-weekly, which results in 26 pay cheques. (2) Consists of benefits (ie. MSP, dental, health), auto allowances and one time payments (ie. banked vacation and overtime). (3) Includes Metro Vancouver business related expenses for training, travel, mileage and memberships. Schedule 2 Page 14 of 21
SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Employees
Base Salary Taxable Benefits Name Payments (1) and Other (2) Expenses (3) Mills,Richard 78,971 12,923 1,816 Mita,Phil 105,886 4,662 1,279 Mitchell,Allen 116,078 4,680 2,926 Mitchell, Bill 81,816 14,854 446 Moar,Kelvin 82,279 25,280 14,573 Moffat,Ron 90,970 4,036 Moffatt, Lisa 79,704 4,354 3,004 Mojak,Darrel 75,134 4,072 2,898 Momen,Zahra 78,831 4,122 501 Montgomery,Jesse 123,406 30,947 5,647 Morash,Steve 78,528 2,175 3,226 Morgan,Margaret 101,372 14,301 4,546 Morka,Jarrett 64,085 18,786 3,331 Morris, Duane 130,512 19,754 3,285 Morris, Robert 64,238 15,651 1,058 Morrison, Daryl 79,943 15,230 733 Mortazavi,Farshad 106,730 12,453 714 Morton,Gary 79,269 35,447 590 Moulds,Steve 88,795 6,104 359 Mousseau, Mark 85,786 2,799 1,977 Mui,Gary 84,485 3,060 1,148 Mulzet,Debble 76,257 4,465 Mundi,Jasdip 79,719 29,192 1,809 Musa na,Redgena Id 106,730 4,610 3,074 Mushtuk,Jason 78,831 4,448 3,667 Myrvold,Randy 77,161 6,989 174 Nair,Trina 97,341 3,534 349 Nawaz,Amer 110,943 5,310 799 Neale,Mike 77,223 24,333 1,537 Nees, Roy 73,965 55,439 358 Neilson,Allan 66,062 16,206 275 Nenninger,Fred 182,620 10,548 2,344 Nesci,Chris 118,877 4,931 Neumann,Healina 85,786 11,392 214 Neville,Glen 83,200 20,885 468 Ng, Candace 82,224 2,892 696 Ng,Jacqueline 99,662 13,889 3,830 Ngo.Vong 73,681 35,267 598 Nguyen,Jim 101,960 5,777 3,354 Nguyen,Steve 101,960 4,422 884 Nicholls, Rob 139,029 27,541 2,942 Nichols, George 89,643 15,897 1,866 Nicolls, Carol 87,408 3,035 874 Niewiero,Art 84,302 18,353 4,023 Nishimura, Ron 121,884 4,767 1,011 Nitschke,Bruce 67,106 23,428 191 Nolan, Ken 63,789 14,216 1,545 Nordal,Kathie 73,621 3,664 559 Noriega, Gerardo 81,890 7,618 2,150 Norquist,Ch ristine 113,767 3,003 5,358 Northam, Brian 81,674 18,200 504 Novosel, Rick 70,444 6,020 1,651
(1) Employees are paid bi-weekly, which results in 25 pay cheques. (2) Consists of benefits (ie. MSP, dental, health), auto allowances and one time payments {ie. banked vacation and overtime). (3) Includes Metro Vancouver business related expenses for training, travel, mileage and memberships. Schedule 2 Page 15 of 21
SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Employees
Base Salary Taxable Benefits Name Payments (1) and Other (2) Expenses (3) Obrknezev,Boris 116,078 6,818 1,263 Ogilvie, Fergus 73,S20 S,04S 1,799 Okano, Pat 70,9S2 36,078 194 Okumura,Ben 74,2SO 28,872 8S9 Olafson,Shawn 69,486 21,310 Oliver, Fred 107,407 S,941 2,270 Oljaca,Goran 164,674 9,S90 3,37S O'Melinn,Ann 107,049 S,893 1,077 Onate,Cesar 116,078 7,966 S81 O'Neill,Bruce 90,109 9,384 2,224 Orr, Darren 83,618 8,43S l,71S Pachcinski,Marcin 127,80S S,963 2,012 Palmeri,Ben 83,410 lS,211 663 Pandke,Eddie 74,493 3,608 2,5S2 Pante, Rudy 74,S37 S,797 62 Parkinson,Linda 114,7S7 2,868 3,677 Pavan,Bruno 77,2Sl 17,180 2,891 Pavitt,Kevin 78,308 32,367 1,889 Pearce, Tom 97,341 5,086 2,229 Pearson,Jeff 84,61S 11,390 7,803 Pelchat, Clayton 79,123 6,SS2 3,7Sl Pelech,Sharon 101,372 23,9S2 6,288 Pellow,Scott 131,799 4,901 sos Perez,Jose 78,831 10,674 3,208 Petersen, Doug 107,767 17,907 Petersen,Mik 81,386 1,919 120 Petrov,lvo 71,678 31,847 4,386 Phan, Wayne 84,803 8,934 2,643 Pichette, Francis 70,499 13,601 183 Pinder, Corey 73,824 3,178 l,SlS Piombini,Marino 110,461 3,Sl1 913 Pitre, Marcel 143,492 4,8S2 1,306 Plagnol,Chris 162,880 7,S90 3,430 Platson,John 81,333 4,122 1,463 Platson,Paul 81,S99 21,666 739 Plavsic,Michael 116,190 S,080 489 Plotkin,Jeremy 92,608 S,612 432 Plouffe, Patrick 116,302 19,915 380 Podikov,Emil 58,337 22,070 l,S86 Pon, Chuck 83,082 14,626 663 Porter,Jane 89,424 2,991 99S Postulka,Michelle 8S,706 10,078 S,403 Potter,Leonard 81,193 27,092 7SS Potvin, Barry 97,341 2,737 408 Powrie,Carla 73,S86 4,649 610 Prazeres,Silvio 63,36S 12,013 1,839 Preston, Kathy 130,436 4,316 1,098 Procopation,Matt 84,198 20,983 7,343 Ptak, Les 124,900 10,726 2,26S Purohit,Prashant 84,738 18,816 S,900 Puusepp,Alicia 71,488 9,278 l,9S7 Pyne, Karen 89,424 1,629 4,081
(1) Employees are paid bi-weekly, which results In 26 pay cheques. (2) Consists of benefits (ie. MSP, dental, health), auto allowances and one time payments (ie. banked vacation and overtime). (3) Includes Metro Vancouver business related expenses for training, trove/, mileage and memberships. Schedule 2 Page 16 of 21
SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Employees
Base Salary Taxable Benefits Name Payments (1) and Other (2) Expenses (3) Qian, Mark 116,704 4,859 1,382 Quan,Paul 80,958 19,519 515 Quan, Roger 165,260 7,345 980 Raincock,Grant 77,634 11,792 664 Ramage.Andrew 71,613 42,255 1,448 Randhawa,Jivan 85,787 3,276 1,389 Randt, Ralph 130,310 5,214 1,721 Ranu,Jaswant 122,576 5,195 1,079 Rear,Dean 158,518 5,369 2,428 Reichel,John 88,393 3,127 Reid, Ken 118,925 8,171 1,799 Reil, Dean 136,964 8,722 1,569 Reilly,Jason 73,084 47,758 194 Reimer,Cameron 83,912 4,568 4,248 Remillard,Paul 165,021 9,359 3,263 Reubart,Rick 106,054 22,189 88 Reynolds,Conor 116,078 4,884 1,048 Rich,J ustin 130,611 5,051 665 Richardsen,Ross 100,198 3,969 5,455 Richardson,John 81,235 8,113 7,841 Ries,Francis 116,078 6,487 554 Rikley,Kevin 81,558 11,175 2,290 Ritchie, Tanya 77,251 19,864 4,029 Ritzman,Shellee 80,738 11,788 Robb,Ray 151,969 5,769 196 Roberge, Kevin 69,096 8,021 1,483 Roberts, Guy 116,079 5,071 4,136 Robertson,Judy 93,232 5,597 3,564 Robertson, Kelsey 79,708 24,342 2,749 Robertson, Tyler 78,612 9,025 932 Robinson, Cory 80,528 20,323 551 Rogers, Trevor 78,002 5,061 280 Romo, Ignacio 78,932 5,160 457 Rosicki,Agnes 86,416 1,782 1,649 Ross, Dawn 85,786 4,215 3,269 Ross,Lyn 69,201 15,370 280 Roth, Bob 71,638 4,507 1,675 Roth,Mike 75,504 9,202 2,410 Roud,John 73,965 15,099 550 Rourke, Carol 97,341 2,734 Rowan,Ann 130,224 5,213 557 Rued, Daryl 91,522 7,518 2,629 Ruf, Mark 65,429 18,569 679 Rutherford,Hauns 59,872 19,212 335 Sabatini,Linda 136,832 9,838 3,461 Sami,Yeera 101,691 22,386 4,213 Sam is, Kirn 77,744 23,699 495 Sandhu,Kash 79,943 28,780 7,575 Sandhu,Shubhneet 89,660 4,047 2,594 Sandhu,Sukie 80,478 22,982 736 Sa ngherra,Surinder 72,478 3,587 28 Sanii,Sanam 99,983 3,544 3,074
(1) Employees ore paid bi-weekly, which results in 26 pay cheques. {2} Consists of benefits (ie. MSP, dental, health), auto allowances and one time payments (ie. banked vacation and overtime). (3) Includes Metro Vancouver business related expenses for training, travel, mileage and memberships. Schedule 2 Page 17 of 21
SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Employees
Base Salary Taxable Benefits Name Payments (1) and Other (2) Expenses(3) Santorelli,Gino 63,849 29,971 1,273 Saunders, Bill 82,620 lS,190 2,S43 Saunders, Dan 86,010 3,811 606 Saxton,Julie 97,341 S,772 2,799 Schade, Frieda 139,038 4,830 1,641 Schiedel,Brent 7S,09S 9,80S S,972 Schmidt, Daniel S7,387 19,828 74 Schmidt,Rob 80,142 3,6S3 Schmidt,Travis 76,848 11,923 4,248 Schneider, Harvey 84,437 26,S08 1,666 Schoemaker,Heather 186,001 17,984 3,710 Schoenefuhs,Chris 74,930 8,361 2,841 Sciarretta, Paolo 83,922 42,719 1,198 Scoffield,Trevor 8S,786 4,863 1,846 Scott, Dave 73,123 17,727 63 Searle,Mike 136,832 S,381 S,3S6 Sequeira, Roy 82,774 13,818 S04 Sever,Charley 84,3S4 6,84S 1,117 Sever, Steve 84,113 16,393 3,114 Shaheem,Zahid 82,6S3 31,314 2,178 Sham,Christopher 68,163 22,893 l,12S Shantz, Kevin 74,828 2,109 3,989 Sharma,Aby 116,078 3,048 1,128 Shears, Carolyn 76,601 3,624 919 Shears,Paul 109,24S 2,872 sos Sheffield, David 89,424 3,161 848 Shen,Stanley 109,86S 4,244 3,S62 Sherwood, Deane 81,983 9,S20 739 Sherwood, Herb 107,037 3,022 1,609 Sherwood,Tina 72,478 3,S62 Sherwood,Tyler 61,376 2S,408 1,262 Shibata,Kelly 118,92S 3,121 404 Sh irazi-Za nd,Shervin 98,481 1,180 2,408 Shishido,Craig 78,831 4,102 1,S04 Shurety,Gillian 72,610 2,900 Sidi,Shelina 116,079 4,780 480 Siegrist, Bill 69,S14 10,070 1,648 Silva,John 80,99S 20,S98 1,121 Silva,Natasha 84,868 6,929 771 Silverton,Shaun 74,364 21,401 1,366 Simon,Silvio 81,S44 10,391 627 Sing,Jim 100,812 4,18S 2,474 Singh,lnder 162,40S 14,097 843 Singh,Kabeer 84,6S6 7,071 1,114 Sipka,Dragan 8S,786 3,296 Sivarajah,Dayan 8S,37S 8,2S7 8,16S Slater,Emma 89,78S 3,272 4,477 Smandych,Cory 8S,786 6,3SO 2,487 Smardon,Doug 7S,403 8,630 646 Smerychynski,Tony 77,361 28,323 1,310 Smith, Curtis 64,7S6 28,637 392 Smith,Dennis 79,789 18,446 394
(1) Employees ore paid bi-weekly, which results in 26 pay cheques. (2) Consists of benefits (ie. MSP, dental, health), auto allowances and one time payments (ie. banked vacation and overtime). (3) Includes Metro Vancouver business related expenses for training, travel, mlleoge and memberships. Schedule 2 Page 18 of 21
SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Employees
Base Salary Taxable Benefits Name Payments (1) and Other (2) Expenses (3) Smith, Doug 70,047 10,787 986 Smith,Greg 188,325 18,212 612 Smith,Jason 80,722 4,913 579 Smith,Joe 116,793 4,982 sos Smith, Luke 72,383 5,739 2,724 Smith,Patrick 62,379 14,776 2,302 Smyth,Sean 164,674 6,685 1,706 Snyder,Greg 69,926 18,189 691 So, Edmond 79,259 2,934 So,Simon 216,799 30,317 5,533 Sobering, Craig 105,291 3,434 2,146 Sokalski,Mitch 162,773 11,568 572 Soka lski,Steve 101,962 10,300 1,841 Soluri,Joe 69,514 11,978 506 Soo,Gary 141,268 5,378 3,648 Sorgiova n n i,Joseph 116,079 4,680 1,460 Sowlati,Taban 116,078 3,048 2,565 Spicer, Neil 81,858 2,432 182 Spillner,Patrick 64,848 11,009 11 Squire, Chris 116,369 3,052 703 Stajduhar,Neil 116,078 4,848 505 Steiner, Louise 97,341 3,275 2,113 Stephens,Ken 120,463 3,144 728 Steuck, Barry 84,302 12,970 807 Steunenberg,Hein 139,946 11,152 799 Stevenson,Steve 105,175 36,983 856 Stock, Kevin 89,424 3,134 Stoker, Brian 75,893 9,145 324 Storry,Karen 103,951 4,136 888 Stracke, Ron 86,611 9,011 617 Strang, Moira 116,566 7,069 Stuart,Scott 77,890 26,062 4,099 Suleiman,Ben 117,888 4,604 Summers,Tarynne 115,817 6,614 1,469 Sun, Thomas 116,078 4,848 957 Sunstrum,Don 82,961 7,175 230 Swan, Ryan 68,409 6,669 3,993 Swanlund,Glenn 106,406 4,705 734 Sze, Colin 83,313 3,165 363 Sziklai,Riley 78,831 3,754 1,303 Tabor, Mark 79,482 3,893 2,542 Tack, Ed 78,961 50,791 1,223 Tallarico,Giuseppe 53,778 36,533 2,000 Tam, David 101,960 4,318 3,670 Tam,Kenny 78,831 3,095 Tancon,Dan 118,925 3,121 Tandan,Sukhdev 63,321 21,999 1,559 Tang, Ivan 89,424 4,926 Tang,Vaillant 101,960 4,486 5,401 Tanoto,Sat 97,341 2,847 Taponat,Marie 73,731 1,748 380 Tardif,Daniel 117,059 4,694 1,947
{l} Employees ore pold bi-weekly, which results in 26 pay cheques. (2) Consists of benefits {ie. MSP, dental, health), auto allowances and one time payments {ie. banked vacation and overtime). (3) Includes Metro Vancouver business related expenses for training, travel, mileage and memberships. Schedule 2 Page 19 of21
SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Employees
Base Salary Taxable Benefits Name Payments (1) and Other (2) Expenses (3) Tardiff,Cory 77,133 4,187 486 Taverner,Andrew 105,657 9,853 3,579 Tawfik,Nermine 101,142 3,324 656 Taylor,Melanie 72,548 3,717 Tecson, Yvette 101,960 2,935 4,474 Teo,Dennis 116,078 9,735 5,162 Thibodeau,Mathieu 75,434 5,251 2,606 Thien,Shaw 127,053 7,125 380 Thies,Gordon 79,116 12,770 534 Thompson.Peter 73,965 23,795 952 Thompson,Steve 80,873 6,725 2,189 Thomson, Brent 68,204 14,782 811 Thorpe, Michael 74,083 32,874 957 Tilton, Mike 69,884 11,435 1,012 Ting,Cheryl 85,786 4,270 1,551 Toal,Alice 127,770 5,399 3,925 Tobler, Chris 69,334 6,258 5,363 Tomsic, Heather 101,960 13,268 3,453 Toppings, Tyson 79,871 17,473 3,659 Totten, Dan 82,473 . 4,103 867 Tough,Jenny 95,102 4,651 4,181 Towill,Marilyn 154,044 18,603 523 Tran,Nang 75,238 4,598 5,462 Trotzuk,Phil 222,262 23,951 5,267 Trzebski,Joe 79,789 3,618 44 Tsang, Tony 71,571 14,121 405 Tsundu,Nyima 116,078 5,195 1,471 Tulett,Rod 102,647 21,129 736 Tully,Karen 116,279 3,951 1,378 Tynan,Sean 105,070 7,082 1,538 Unger, Horst 116,078 3,743 1,586 Vala,Jamie 117,673 3,106 3,761 van Akker,Anne 91,154 4,669 895 van den Boogaard,John 74,593 15,473 458 van den Boogaard,Josh 81,685 38,255 2,311 van den Boogaard,Ray 108,400 28,860 3,360 Van Doorne,Kim 90,970 3,309 29 Van Oord,Ron 130,856 35,159 2,106 Vas, Ernie 97,341 5,116 Veenstra, Ted 107,654 5,101 6,280 Verbeke, Trevor 119,315 5,194 335 Vidler, Lynne 106,919 4,628 501 Vike,Stephen 84,302 18,059 907 Visser, Richard 76,845 4,419 145 von Euw,Ed 132,940 5,758 3,832 Wagenaar,Jim 70,020 19,747 1,489 Wai, Yvonne 116,324 12,906 1,191 Wakelin,Darrell 93,232 3,701 928 Walkley,Simon 70,459 7,204 2,260 Wallach, Rick 115,601 3,941 1,199 Wallani,Monica 89,490 1,970 3,004 Wallis,Richard 107,037 15,523 296
(1) Employees are pold bi-weekly, which results In 25 pay cheques. {2} Consists of benefits (ie. MSP, dental, health), auto allowances and one time payments (ie. banked vacation and overtime). (3) Includes Metro Vancouver business reloted expenses for training, trove/, mlleoge ond memberships. Schedule 2 Page 20 of 21
SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Employees
Base Salary Taxable Benefits Name Payments (1) and Other (2) Expenses(3) Walsh, Dane 79,789 15,643 823 Walsh, Heidi 120,180 27,297 15,065 Walsh,Jim 130,312 23,550 353 Wang, Paul 85,870 3,298 3,157 Warden,Chad 89,424 14,087 Warnock, Miles 77,260 28,975 682 Warren,Jason 110,219 4,699 8,475 Watt,Jason 70,969 4,305 1,792 Wdowiak,lwona 116,324 4,038 4,560 We, William 69,599 5,492 1,225 Wears, Nicole 84,668 1,982 2,048 Webb, Nolan 72,409 13,019 1,412 Webster.Andrew 81,487 10,655 10,368 Wee, Daniel 131,288 5,229 380 Weissgerber,Ulryke 101,278 4,301 3,474 Welgan,Kristen 80,166 2,781 2,144 Wellman, Mark 116,078 6,619 1,012 Wellman,5arah 139,302 5,445 3,372 Wells,Jay 69,534 17,623 Wells,Mike 81,414 13,747 1,981 Wenger,Randy 151,969 11,475 996 Werger.Daniel 91,761 3,038 Westhora,Gary 81,343 7,423 1,305 Wheeler,Judith 69,908 16,354 1,001 Williamson,lan 75,702 1,933 167 Wilting,Paul 152,874 10,629 420 Winkler.Andrea 120,486 5,931 2,342 Wolgram,Alden 77,340 6,889 4,644 Wong Hen,Tony 91,137 7,014 1,299 Wong, Ben 117,588 4,716 960 Wong, David 85,982 2,671 2,841 Wong, Henry 115,080 6,130 635 Wong,Jacky 116,078 4,848 483 Wong, Tom 130,536 5,199 2,654 Wood.Andrew 165,162 12,044 2,285 Wood,Ron 107,037 2,911 Woods,Stan 131,514 14,375 4,093 Worthen,John 77,103 3,985 5,267 Wu,Claudia 100,636 7,914 3,097 Wu, Ringo 87,193 31,059 2,218 Wu, Thomas 116,580 37,991 886 Xiao, Wen 113,137 4,770 1,215 Xiong, Lee 62,230 18,416 1,689 Yager, Brent 81,683 8,087 571 Yang,Andy 74,661 2,862 7,035 Yap,Anthony 87,892 10,264 2,346 Yau,Rosanna 109,810 15,501 1,829 Yazdanpanah,Helia 100,636 3,858 1,823 Yee, Larry 130,861 20,587 4,113 Yeung,Eugene 83,200 17,943 1,401 Yeung, Wendy 85,786 11,600 1,514 Young, Gordon 116,190 11,933 4,816
(1) Employees are paid bl-weekly, which results in 26 pay cheques. (2) Consists of benefits (ie. MSP, dental, health), auto allowances and one time payments (ie. banked vacation and overtime). (3) Includes Metro Vancouver business related expenses for training, trove/, mileage and memberships. Schedule 2 Page 21of21
SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Employees
Base Salary Taxable Benefits Name Payments (1) and Other (2) Expenses (3) Young,Jeff 84,656 30,058 3,046 Yu, Brian 69,560 15,216 1,200 Yu, Percy 106,730 4,610 1,619 Yuen, Francis 116,078 4,459 Zakipour,Negar 92,858 3,409 1,348 Zaremba, Lillian 107,160 4,556 1,002 Zha ng,Ga rrett 84,656 19,181 11,942 Zheng, Dana 83,775 3,533 673 Zimmer,Glen 82,224 4,528 Zordan, Lena 95,017 2,464 2,526 $ 99,324,423 $ 12,425,424 $ 2,043,771 Consolidated Total of other employees with remuneration and expenses of $75,000 or less 33,846,137 3,624,002 652,604 $ 133,170,560 $ 16,049,426 $ 2,696,375
(1) Employees are paid bi-weekly, which results m 26 poy cheques. (2) Consists of benefits (ie. MSP, dental, health), auto allowances and one time payments {ie. banked vacation and overtime). (3) Includes Metro Vancouver business related expenses for train mg, travel, mileage and memberships. Schedule 3 Page 1of1
SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Reconciliation of Remuneration to Financial Statements
Total Remuneration - Schedule of Remuneration and Expenses:
Employees (Schedule 2) Base Salary $133,170,560 Taxable Benefits and Other 16,049,426
Members of the Board of Directors and Elected Officials (Schedule 1) 732,202
$ 149,952,188
Total Salaries and Benefits per Consolidated Financial Statements (Note 17 - Segmented information) $ 157,907,292
Items included in Financial Statements but not in Schedules 1 and 2: Employer share of non-taxable payroll remittances (22,424,650) 2016 salaries and benefit accruals (36,888,717) Amounts paid for temporary services (837,334)
Items included in Schedules 1 and 2 but not in the Financial Statements: Salaries and benefits capitalized and included in tangible capital assets (Financial Statement Note 17 - Segmented information) 19,118,163 2015 salaries and benefits accruals 33,077,434
$ 149,952,188
*** For financial statement purposes, accrued employee wages and benefits are included in the financial statements, but are not reflected in remuneration paid to employees. Schedule 4 Page 1of1
SCHEDULE OF REMUNERATION AND EXPENSES For the year ended December 31, 2016 Statement of Severance Agreements
There were five severance agreement under which payments commenced between the Greater Vancouver Regional District and its non-unionized employees during fiscal year 2016.
These agreements represent from 4 to 12 months of compensation. Schedule 5 Page 1 of 19 SCHEDULE OF PAYMENTS TO SUPPLIERS FOR GOODS AND SERVICES For the year ended December 31, 2016 Payments to Canadian Suppliers ($Cdn)
Supplier Name Payment Amount 0798750 BC LTD o/a SPLITRAIL FENCE $ 31,167 0871194 BC LTD (TEMP WORK SPACE) 40,950 0946235 BC LTD o/a PROGRESSIVE MOWERS 151,452 3509893 CANADA INC (RIGHT OF WAY) 264,285 4REFUEL CANADA LP 133,541 521474 BC LTD o/a RJR CONTRACTING 45,552 54A AVENUE HOLDINGS LTD (RIGHT OF WAY) 31,500 550572 BC LTD (MOTOR VEHICLE EMISSIONS TESTING) 34,650 A. LANFRANCO & ASSOCIATES 186,176 A.B.E. LOGGING LTD 330,150 A.R. HYTECH ENGINEERING LTD 964,853 A.R.THOMSON GROUP 129,198 A.S.I MANUFACTURING 42,773 AAF MCQUAY CANADA INC 27,697 ABB INC 1,983,071 ABBOTSFORD, CITY OF 26,695 ABC LANGUAGE SOLUTIONS INC 36,589 ABM JANITORIAL SERVICES CO. LTD 340,444 ABM ONSITE SERVICES-CANADA ULC 113,729 ABSOLUTE CONCRETE REPAIR & INJECTION 284,550 ABV CONSULTANTS LTD 2,937,997 ACADIAN METALS & FASTENERS LTD 166,859 ACCESS WELDING & COATING INSPECTIONS LTD 66,500 ACCURATE CEDAR LTD 43,864 ACKLANDS - GRAINGER INC 934,295 ACTION GLASS LTD 41,337 ACTIVE PIPE WELDING INC 318,271 ACUREN GROUP INC 212,050 ADI PROCESS SOLUTIONS LTD 111,078 AECOM CANADA LTD 11,472,615 AGILENT TECHNOLOGIES CANADA INC 144,694 AIRPLUS SYSTEMS LTD 155,577 AKKADIS CHANGE PRACTICE 308,162 ALEXANDER HOLBURN BEAUDIN & LANG 84,230 ALFA LAVAL INC 127,040 ALL ROUND HOME IMPROVEMENTS AND 212,889 ALL SEASONS DEVELOPMENT LTD 986,095 ALMA PLUMBING & HEATING LTD 1,035,990 ALPHA CARPET & DUCT CLEANING LTD 38,837 ALS ENVIRONMENTAL 124,963 ALTISHR 153,367 AMBLESIDE CONSULTING LTD 42,137 AMEC ENVIRONMENT & INFRASTRUCTURE 81,128 AMEC FOSTER WHEELER ENVIRONMENT 870,800 AMERON INTERNATIONAL 2,896,286 AMES METAL FABRICATORS LTD 98,292 AMRE SUPPLY COMPANY LIMITED 271,999 Schedule 5 Page 2of19
SCHEDULE OF PAYMENTS TO SUPPLIERS FOR GOODS AND SERVICES For the year ended December 31, 2016 Payments to Canadian Suppliers ($Cdn)
Supplier Name Payment Amount ANDREW SHERET LTD 69,957 ANGUS ONE LTD 74,481 ANGUSFILM PRODUCTION SERVICES 316,338 ANNEX CONSULTING GROUP INC 495,188 ANTHRATECH WESTERN INC 208,348 APPLEONE SERVICES LIMITED 221,171 AQUA VAC SEWER & DRAIN LTD 33,670 AQUACOUSTIC REMOTE TECHNOLOGIES INC 310,901 ARBOR PRO TREE SERVICES LTD 63,840 ARCADIS CANADA INC 71,274 ARMATURE ELECTRIC LIMITED 44,522 ARPEL SECURITY SYSTEMS LTD 31,119 ARROW EQUIPMENT LTD 53,929 ARROW SPEED CONTROLS LTD 285,117 ARROW TRANSPORTATION SYSTEMS INC 10,625,728 ARTCRAFT DISPLAY GRAPHICS INC 37,553 ARTECH ELECTRIC LTD 177,203 ARTISAN CONSTRUCTION GROUP 156,568 ASQ BUILDING ITF 2367279 ONTARIO INC 209,972 ASSERTIVE EXCAVATING AND DEMOLITiON LTD 356,703 ASSOCIATED ENGINEERING (B.c.) LIMITED 2,047,293 ASSOCIATED ENVIRONMENTAL CONSULTANTS INC 29,565 ASSOCIATED LOCKSMITHS 36,441 ASTROGRAPHIC INDUSTRIES LTD 38,488 ATLAS COPCO COMPRESSORS CANADA 165,387 ATLAS PAINTING & RESTORATIONS LTD 28,598 ATIAIN SOLUTIONS INC 215,961 AULONA PAINTING AND RESTORATION LTD 99,603 AUSENCO ENGINEERING CANADA INC 3,421,927 AUTOMOTIVE RESOURCES INTERNATIONAL 1,217,098 AVANT GUARD GATES AND ACCESS CONTROLS 25,029 AVENSYS SOLUTIONS INC 73,272 AVENUE MACHINERY CORP. 40,675 AVOCETIE TECHNOLOGIES INC 74,330 AXYS ANALYTICAL SERVICES LTD 486,050 B&B CONTRACTING LTD 40,844 B.A. BLACKTOP LTD 281,249 B.C. COMMUNICATIONS INC 49,591 B.C. RECORDS MANAGEMENT SERVICES LTD 89,374 B.G.E. SERVICE & SUPPLY LTD 51,235 BADGER DAYLIGHTING LP 238,863 BAKERCORP CANADA 72,475 BANK OF MONTREAL 29,152 BARRY-HAMEL EQUIPMENT LTD, 27,854 BASF CANADA 1,601,570 BC COMMUNICATIONS INC 25,561 BC CONSERVATION FOUNDATION 63,878 Schedule S Page 3of19
SCHEDULE OF PAYMENTS TO SUPPLIERS FOR GOODS AND SERVICES For the year ended December 31, 2016 Payments to Canadian Suppliers ($Cdn)
Supplier Name Payment Amount BC HOUSING 11,219,211 BC HYDRO AND POWER AUTHORITY 14,905,646 BCIT 57,218 BCRS ROAD SAFE INC 25,762 BOO CANADA LLP 137,416 BEAVER ELECTRICAL MACHINERY LTD 247,755 BEEDIE FRASER MILLS LP 59,365 BEIJER ELECTRONICS LTD 26,487 BELFOR {CANADA) INC 86,951 BENTAIR HVAC 27,531 BGC ENGINEERING INC 351,403 BHD INSTRUMENTATION (BC) LTD 117,647 BIOREM TECHNOLOGIES INC 52,670 BIRDSEYE OFFICE FURNITURE AND DESIGN 64,363 BLACK AND VEATCH CANADA COMPANY 1,089,451 BLAKE, CASSELS & GRAYDON LLP 873,051 B-LINE TIRE & AUTO SUPPLY 28,455 BLUE COLLAR SILVICULTURE LTD 37,289 BLUE WATER WEST LIMITED 52,394 BMS INTEGRATED SERVICES CORP 26,501 BNAC ENVIRONMENTAL SOLUTIONS 32,680 BOLLMAN ROOFING & SHEET METAL LTD 153,940 BORDEN LADNER GERVAIS LLP 28,328 BREAD GARDEN 36,739 BRENNTAG CANADA INC 1,482,193 BRITISH COLUMBIA SAFETY AUTHORITY 32,379 BROADWAY ROOFING CO . LTD 1,096,043 BROMLEY, HENRY & GINA 33,820 BROOKLUND TECHNOLOGIES INC 78,855 BROWN AND CALDWELL CONSULTANTS CANADA 7,917,895 BULL HOUSSER & TUPPER 1,295,601 BURNABY NOW 25,828 BURNABY, CITY OF 1,743,334 C.D. NOVA LTD 44,811 C.G. INDUSTRIAL SPECIALTIES LTD 70,389 C3 INTEGRATED SOLUTIONS INC 274,758 CABINETS R US 278,464 CACHE CREE'K, VILLAGE OF 288,630 CALDER BATEMAN COMMUNICATIONS LTD 65,583 CAMPBELL SCIENTIFIC CANADA CORP 46,491 CANADA CULVERT 29,374 CANADIAN ASSOCIATION FOR LABORATORY 29,820 CANADIAN DEWATERING LTD 330,661 CANADIAN ENERGY VANCOUVER 60,013 CANADIAN ENGINEERED PRODUCTS & SALES LTD 32,168 CANADIAN NATIONAL RAILWAYS 575,067 CANADIAN TIRE STORE 59,314 Schedule 5 Page 4of19
SCHEDULE OF PAYMENTS TO SUPPLIERS FOR GOODS AND SERVICES For the year ended December 31, 2016 Payments to Canadian Suppliers ($Cdn)
Supplier Name Payment Amount CANADIAN TURNER CONSTRUCTION CO. LTD 39,188 CANCO CRANES & EQUIPMENT LTD 97,640 CAN-DIVE CONSTRUCTION LTD 131,523 CANDU GLASS LTD 63,127 CANSEL RESOURCES 126,248 CANST AR CONSTRUCTION LTD 175,943 CAN-WEST CUTIING & CORING LTD 55,242 CAN WEST TANKS & ECOLOGICAL SYSTEMS LTD 47,804 CARLETON RESCUE EQUIPMENT 51,153 CARMICHAEL ENGINEERING LTD 70,092 CARO ANALYTICAL SERVICE 32,057 CASCADIA PROJECT SERVICES INC 163,636 CAUSE+ AFFECT DESIGN LTD 77,385 CB ENGINEERING LTD 170,936 CD NOVA LTD 74,218 COM SMITH INC 6,054,012 CDW CANADA INC 234,794 CENTRA CONSTRUCTION LIMITED 1,036,036 CENTRAL PACIFIC TRUCKING 32,372 CERTIFIED.COATING SPECIALISTS INC 181,085 CESCO ELECTRICAL SUPPLY LTD 32,118 CG INDUSTRIAL SPECIAL TY 26,631 CGS GRIPSTRIP PRODUCTS LTD 38,835 CH2M HILL CANADA LIMITED 7,375,633 CHAMPION WINDOW & PRESSURE CLEANING 49,445 CHARTER TELECOM INC 57,717 CHEMTRADE CHEMICALS CANADA LTD 635,369 CHEVRON CANADA LIMITED 68,370 CHONG, CHRISTOPHER 49,633 CINTAS CANADA LTD 85,226 CITY ELEVATOR LTD 127,768 CLEAN ENERGY CONSULTING INC 57,549 CLEARTECH INDUSTRIES INC 93,094 CLOVERDALE DISPOSAL LTD 51,555 COAST MOUNTAIN BUS COMPANY LTD 748,486 COAST MOUNTAIN THERMAL INC 38,850 COASTAL PACIFIC LANDSCAPING LTD 498,496 COINAMATIC COMMERCIAL LAUNDRY, INC 224,485 COLLIERS PROJECT LEADERS INC 846,753 COLLINGWOOD APPRAISALS LTD 47,763 COLUMBIA VALVE & FITIING LTD 43,278 COMBINED PAINTING (1985) LTD 29,150 COMMISSIONAIRES BC 1,504,553 CONCORD EXCAVATING & CONTRACTING LTD 584,314 CONNEXUS INDUSTRIES INC 155,543 CONTEXT RESEARCH LTD 288,030 COQUITLAM, CITY OF 728,646 Schedule 5 Page 5of19
SCHEDULE OF PAYMENTS TO SUPPLIERS FOR GOODS AND SERVICES For the year ended December 31, 2016 Payments to Canadian Suppliers ($Cdn)
Supplier Name Payment Amount CORE MECHANICAL LTD 251,364 CORIX CONTROL SOLUTIONS LTD PARTNERSHIP 127,657 CORIX WATER PRODUCTS LIMITED PARTNERSHIP 1,156,946 CORPORATE COURIERS LTD 159,655 CORROSION SERVICE COMPANY LTD 155,695 COVANTA BURNABY RENEWABLE ENERGY INC 11,837,184 CREATIVE DOOR SERVICES LTD 51,580 CRS COMMERCIAL CARPET MAINTENANCE 33,892 CTH SYSTEMS INC 161,314 CULEX ENVIRONMENTAL LTD 98,232 CUMMINS WESTERN CANADA LP 202,102 CUSTOM AIR CONDITIONING LTD 210,522 CUSTOM BLACKTOP CO 76,162 CUSTOM GASKETS LTD 36,821 CUSTOM PLATE & PROFILES 37,975 CWA ENGINEERS INC 271,833 CWPC PROPERTY CONSULTANTS LTD 39,201 CY BAK, CARRIE 59,803 DAIKIN APPLIED CANADA INC 42,671 DARYL-EVANS MECHANICAL LTD 108,327 DAVID HENDERSON PRODUCTION & POST 32,514 DAVID HOCKING 88,171 DAY COMMUNICATIONS 48,166 DECENT PAINTING & DECORATING LTD 703,506 DEEPAK MANAGEMENT LTD 195,118 DELL CANADA 108,324 DELOITTE & TOUCHE LLP 213,533 DELPRO AUTOMATION INC 234,142 DELTA AIRPARK OPERATING COMMITTEE 78,609 DELTA, CORPORATION OF 2,180,794 DESIGN ROOFING. & SHEET METAL CO . LTD 26,935 DEZURIK OF CANADA 310,662 DHI Water & Environment 107,027 DIAMOND HEAD CONSULTING LTD 265,425 DILLON CONSULTING LTD 30,825 DINSMORE, GEORGIA 222,100 DIRECT ENERGY BUSINESS SERVICES INC 155,196 DIRECt EQUIPMENT WEST LTD 209,550 DL SAFETY CONSULTING LTD 457,245 DLA PIPER (CANADA) LLP 169,614 DNV CERTIFICATION 53,759 DOBNEY FOUNDRY LTD 65,940 DODD, CAITLIN 36,351 DONS FLYERS SERVICE 97,166 DOUGLAS LAKE EQUIPMENT LTD 135,548 DOUGNESS HOLDINGS LTD 26,056 DRAGON VENTURES LTD 156,501 Schedule 5 Page 6of19
SCHEDULE OF PAYMENTS TO SUPPLIERS FOR GOODS AND SERVICES For the year ended December 31, 2016 Payments to Canadian Suppliers ($Cdn)
Supplier Name Payment Amount DRAKE EXCAVATING LTD 187,835 DRAKE'S UNIVERSAL SALES & SERVICE LTD 41,675 DREAM GENERATION 42,328 DRIVING FORCE INC 120,964 DSA MEDIA 386,289 DTM SYSTEMS CORP. 65,891 DUBAS MANAGEMENT & CONSTRUCTION INC 51,348 DUCKWORTH MANAGEMENT GROUP 94,317 E. LEES & ASSOCIATES CONSULTING LTD 302,668 E.B. HORSMAN & SON LTD 173,813 EAGLE WEST CRANE & RIGGING 59,901 EBSCO CANADA LTD 42,937 ECO-COUNTER 41,197 ECO-LOGIC LTD 44,860 E-COMM EMERGENCY COMMUNICATIONS 3,912,583 ECOPLAN INTERNATIONAL, INC 61,599 EECOL ELECTRIC INC 144,919 ELEMENT BY WESTIN 29,793 ELTON ADVERTISING INC 332,006 EMCO CORPORATION 299,819 EMIN'S RENOVATION LTD 142,580 EMTERRA ENVIRONMENTAL 641,228 ENERMAX MOUNTAIN MANUFACTURING LTD 48,411 ENGAGING MINDS CONSULTING LTD 91,098 ENKON ENVIRONMENTAL LTD 804,780 ENVIRO-VAC 63,339 ENVIROWEST CONSULTANTS INC 134,199 ERM CONSULTANTS CANADA LTD 89,539 ESPINOZA, PEDRO, ESPINOZA, PATRICIA 138,000 ESRI CANADA LIMITED 134,936 EST ENVIRONMENTAL TECHNOLOGIES LTD 40,094 EURNEST DINING 212,691 EVERYDAY ALLSTAR CLEANING SERVICES LTD 27,963 EVOQUA WATER TECHNOLOGIES LTD 232,312 EXACT FACILITY SERVICES 312,527 EXCEL DRAPERY INSTALLATIONS LTD 134,503 !!XCEL SCAFFOLD SOLUTIONS LTD 45,097 EXECUTIVE LOCK & SAFE LTD 31,862 FABCO PLASTICS WESTERN (B.C.) LIMITED 89,641 FACTOR WESTERN 39,072 FALCON EQUIPMENT LTD 27,142 FASTENAL COMPANY 85,553 FEDERAL BATIERY 37,339 FIBRWRAP CONSTRUCTION SERVICES LTD 86,202 FILTERPRO SERVICES CANADA LTD 60,120 FILTRAMAX INC 42,280 FINA ELECTRICAL SYSTEMS LTD 606,631 Schedule 5 Page 7of19
SCHEDULE OF PAYMENTS TO SUPPLIERS FOR GOODS AND SERVICES For the year ended December 31, 2016 Payments to Canadian Suppliers ($Cdn)
Supplier Name Payment Amount FINNING INTERNATIONAL INC 773,517 FIRST NATIONAL FINANCIAL LP 322,640 FIRST TRUCK CENTRE VANCOUVER 514,523 FISHER SCIENTIFIC 293,459 FITS RIGHT INDUSTRIES LTD 41,006 FIVESTAR MOTORSPORTS LTD 141,229 FLEETWOOD DISPOSAL LTD 70,732 FLOCOR INC 88,621 FLOW INTERNATIONAL CORPORATION 181,264 FLOWPOINT ENVIRONMENTAL SYSTEMS 73,649 FORESHORE TECHNOLOGIES INCORPORATED 25,515 FORTISBC ENERGY INC 507,682 FRONTIER POWER PRODUCTS LTD 54,431 FTS FOREST TECHNOLOGY 30,649 FUSION SECURITY INC 60,082 FVB ENERGY INC 43,554 G & R SINGH & SON TRUCKING LTD. 29,971 GARDEN GENIE INC 32,049 GARNETI WILSON REALTY ADVISORS LTD 74,359 GARTNER INC 43,155 GAS DRIVE GLOBAL LP 197,761 GASTALDO CONCRETE LTD 32,189 GENERAL ELECTRIC CANADA 27,547 GENERAL ELECTRIC CANADA INC 135,646 GEOTRAC SYSTEMS INC 67,784 GIFFELS WESTPRO CONSTRUCTORS INC 1,954,311 GIFFORD ELECTRIC LTD 501,884 GLEN THOMPSON INDUSTRIES LTD 71,935 GLENVAL ORGANICS LTD 26,031 GLOBAL CONTAINER CORPORATION 47,513 GM BLUEPLAN ENGINEERING LIMITED 69,957 GOLDER ASSOCIATES LTD 1,607,815 GREEN LINE HOSE & FITIINGS (BC) LTD 41,812 GREENTECH DESIGN LTD 104,053 GREGG DISTRIBUTORS 60,315 GROUND-IT.COM CONSULTING LTD 29,971 GUILLEVIN INTERNATIONAL CO . 123,950 GWIL INDUSTRIES INC 66,789 GWR CONTRACTING INC 155,272 GYGAX ENGINEERING ASSOCIATES LTD 43,580 HACH SALES & SERVICE CANADA LTD 81,510 HALLWOOD MILHAM TECHNOLOGIES INC 27,912 HANDY APPLIANCES LTD 275,674 HANGAR 18 CREATIVE GROUP INC 27,720 HAPA COLLABORATIVE 35,598 HARBOUR INTERNATIONAL TRUCKS 292,316 HARBOURVIEW ELECTRIC LTD 33,432 Schedule 5 Page 8of19
SCHEDULE OF PAYMENTS TO SUPPLIERS FOR GOODS AND SERVICES For the year ended December 31, 2016 Payments to Canadian Suppliers ($Cdn)
Supplier Name Payment Amount HARVEST FRASER RICHMOND ORGANICS LTD 4,080,223 HATCH CORPORATION 5,358,220 HATFIELD CONSULTANTS PARTNERSHIP 25,549 HAYWARD GORDON ULC 34,280 HAZMASTERS ENVIRONMENTAL CONTROLS INC 99,234 HD SUPPLY CANADA INC 65,859 HDR CORPORATION 181,155 HEADWATER MANAGEMENT LTD 315,519 HEMMERA ENVIROCHEM INC 28,982 HILITE TRUCK ACCESSORIES 25,687 HILTI (CANADA) LIMITED 107,403 HINTON WOOD PRODUCTS 103,425 HORIZON RECRUITMENT 189,980 HOULE ELECTRIC LIMITED 685,658 HUGHES TRUCKING LTD 26,902 HUNTER LITIGATION CHAMBERS LAW 169,299 HYDRA MARINE SERVICES INC 46,236 HYDRO-LOGIC ENVIROMENTAL 30,807 HYLAND EXCAVATING LTD 502,523 HYSECO FLUID SYSTEMS LTD 439,993 I. VARGA 30,554 IDES CANADA INC 147,168 IDEXX LABORATORIES INC 116,734 IMPACT OFFICE FURNISHING 30,313 INDUSTRA CONSTRUCTION CORP. 435,683 INFOMART, A DIVISION OF POSTMEDIA 34,839 INLAND KENWORTH PARKER PACIFIC 433,060 INNOVATIVE FLOORING LTD 512,510 INSPEC CONSULTING SERVICES INC 34,669 INSTREAM FISHERIES RESEARCH INC 85,730 INSURANCE CORPORATION OF BC 725,884 INTERLAWN LANDSCAPES 175,658 INVESTORS GROUP FINANCIAL SERVICES INC 25,193 IRC INTEGRATED RESOURCE CONSULTANTS INC 132,813 ISL ENGINEERING AND LAND SERVICES LTD 144,734 ISS CONNECTIVITY CANADA ULC 31,122 ITIQ TECH RECRUITERS 119,805 IVANHOE CAMBRIDGE INC 101,802 J. KERSCHBAUMER INC 77,336 J.A. ELECTRIC 1,265,109 J.J. REFRIGERATION LTD 36,746 J.J.'S CONTRACTING 33,794 JACOB BROS. CONSTRUCTION INC · 2,091,190 JACOBS ASSOCIATES CANADA CORPORATION 4,158,826 JAG CATERING 44,364 JARDINE LLOYD THOMPSON CANADA INC 3,588,889 JC ANDELLE INC 44,894 Schedule 5 Page 9of19
SCHEDULE OF PAYMENTS TO SUPPLIERS FOR GOODS AND SERVICES For the year ended December 31, 2016 Payments to Canadian Suppliers ($Cdn)
Supplier Name Payment Amount JENSEN DRILLING COMPANY 527,462 JEWEL HOLDINGS LTD 97,325 JIFFY JOHN RENTALS LTD 86,520· JJM CONSTRUCTION LTD/GEOPAC INC, 27,440,859 JOHN BROOKS COMPANY LIMITED 58,574 JOHN CRANE CANADA INC 164,181 JOHNSON CONTROLS LTD 72,037 JOHNSTON GAS SERVICES 188,633 JORDANS RUGS LTD 53,507 JPSH ENTERPRISE INC 264,708 JUSTASON MARKET INTELLIGENCE 175,434 JWC ENVIRONMENTAL CANADA ULC 73,271 K & H DISPATCH COURIERS 51,062 KAL TIRE 50,510 KARYO EDELMAN COMMUNICATIONS INC 90,899 KASIAN ARCHITECTURE INTERIOR DESIGN 1,501,562 KEAM, CHRIS 50,984 KELLEHER ENVIRONMENTAL 61,664 KEMIRA WATER SOLUTIONS CANADA INC 540,162 KEN MACKAY & SON CONCRETE FORMING LTD 75,235 KENAIDAN CONTRACTING LTD 24,603,061 KENDRICK EQUIPMENT LTD 554,449 KERR WOOD LEI DAL ASSOCIATES 461,725 KING K.UBOTA SERVICES LTD DBA 37,156 KING SERVICES CONSTRUCTION GROUP & 180,805 KINGSTON CONSTRUCTION LTD, 64,547 KLOHN CRIPPEN BERGER LTD 401,799 KLYN, PETER & KLYN, WILLY 67,822 KMS TOOLS AND EQUIPMENT 32,643 KNIGHT PIESOLD CONSULTING 106,078 KSB PUMPS INC 30,038 KWAN, KRISTY 28,224 LAFARGE CANADA INC 321,858 LAND TITLE AND SURVEY AUTHORITY 28,000 LANDMARK BUILDING MAINTENANCE 52,645 LANE, DOUGLAS & RONALD 995,000 LANGLEY CONCRETE LIMITED PARTNERSHIP 1,216,792 0 LANGLEY, TOWNSHIP 0F 86,749 LANGUAGE LINE SERVICES 92,727 LAURA GALLOWAY DESIGN 32,559 LEAVITI MACHINERY GENERAL PARTNERSHIP 42,280 LEHIGH MATERIALS, A DIV. OF LEHIGH 98,981 LEVELTON CONSULTANTS LTD 63,778 LEX ENGINEERING LTD 67,936 LHOIST NORTH AMERICA OF CANADA INC 263,038 LIMNOTEK RESEARCH AND DEVELOPMENT INC 61,628 LITZ CRANE SERVICE LTD 160,218 Schedule 5 Page 10of19
SCHEDULE OF PAYMENTS TO SUPPLIERS FOR GOODS AND SERVICES For the year ended December 31, 2016 Payments to Canadian Suppliers ($Cdn)
Supplier Name Payment Amount LIVINGSTON INTERNATIONAL INC 96,426 LLA INVESTMENTS LTD 56,930 LOCKMASTERS INC 46,654 LORCO AUTO PARTS 121,434 LOWES 29,065 LYNCH BUS LINES 61,063 M&E CUSTOM KITCHEN AND MILLWORK LTD 614,550 M2K CONSTRUCTION LTD 82,037 MAGNACHARGE BATIERY 28,430 MAGNUM ROOFING LTD 250,767 MAINLAND SAND & GRAVEL ULC 168,676 MAKINSON, JAMES GEORGE ROSS 140,000 MANDEL SCIENTIFIC COMPANY INC 57,316 MAPLE REINDERS INC 18,281,364 MAPLE RIDGE, CITY OF 223,206 MARSH CANADA LIMITED 828,789 MARTEN TIMMER EXCAVATING LTD 91,490 MASONLIFT LTD 87,721 MATCON CIVIL CONSTRUCTORS INC 1,068,451 MAXXAM ANALYTICS INTERNATIONAL CORP. 246,823 MCAP FINANCIAL CORPORATION 76,651 MCCUE ENGINEERING CONTRACTORS 46,882 MCDONALD & ROSS CONST. LTD 32,153 MCELHANNEY CONSULTING SERVICES LTD 627,170 MCGEE, JOHN ROSS - OBA CLARITY VIDEO 25,358 MCGILL, EMILY 30,264 MCNALLY/AECON JV 35,497,991 MCNEILL NAKAMOTO RECRUITMENT GROUP INC 209,626 MCRAE'S ENVIRONMENTAL SERVICES LTD 1,385,334 MEDTECH SERVICES LTD 30,584 MEQUIPCO LTD 156,915 MERAN INDUSTRIES LTD 53,873 MERCURY TRANSPORT INC 27,555 MERTIN NISSAN LTD 25,162 METAL SUPERMARKETS 55,145 METRO BLASTING INC 94,170 METRO MOTORS LTD 631,584 METRO ROOFING REPAIRS & MAINTENANCE LTD 54,080 METRO TESTING LABORATORIES 39,568 METROHM CANADA 47,786 METILER TOLEDO INC 584,056 MHPM PROJECT MANAGERS INC 208,653 MICHELIN CANADA 60,998 MICROSOFT CANADA CO. 826,363 MIDGLEY, RODNEY & SHARON 210,183 MILES EMPLOYMENT GROUP LTD 207,365 MILLER THOMSON LLP 80,129 Schedule 5 Page 11of19
SCHEDULE OF PAYMENTS TO SUPPLIERS FOR GOODS AND SERVICES For the year ended December 31, 2016 Payments to Canadian Suppliers ($Cdn)
Supplier Name Payment Amount MILLS PRINTING PRODUCT 429,590 MINDWIRE SYSTEMS LTD 146,504 . MINISTER OF FINANCE & CORP RELATIONS 3,249,452 MISSION CONTRACTORS 216,920 MITCHELL INSTALLATIONS LTD 1,034,379 MITECH INTEGRATED SYSTEMS INC 105,772 MITEL NETWORKS CORPORATION 30,121 MJ PAWLOWSKI & ASSOCIATES 34,057 MMM GROUP LIMITED 737,798 MODU-LOC FENCE RENTALS LTD 33,505 MO NERIS 85,008 MORNEAU SHEPELL 138,098 MORREY NISSAN OF COQUITLAM 298,768 MORRISON HERSHFIELD LIMITED 58,603 MOTION CANADA 474,436 MOTI ELECTRIC GP 328,186 MTS ENGINEERING INC 922,024 MUD BAY DRILLING CO. LTD 34,119 MUNICIPAL FINANCE AUTHORITY 251,358,950 MURDY & MCALLISTER 69,076 MURPHY, LISA MARIE & RICHARD JAMES 167,016 MURRAY LATIA PROGRESSIVE MACHINES INC 471,074 MUSQUEAM INDIAN BAND 111,759 MUSTEL GROUP 123,953 MV RELIABILITY SERVICES 98,482 N.A.T.S. NURSERY LTD 65,823 N.S. GREWAL TRUCKING CO . 25,205 N.W. INDUSTRIES LTD 131,298 NAC CONSTRUCTORS LTD 2,721,991 NALCO CANADA CO. 75,371 NATHANSON, SCHACHTER & THOMPSON 66,849 NATIONAL PROCESS EQUIPMENT 54,663 NCIX 28,655 NCS FLUID HANDLING SYSTEMS INC 189,230 NEALE STANISZKIS DOLL ADAMS ARCHITECTS 148,799 NEENAH FOUNDRY COMPANY 140,015 NEUTRAL ZONE COACHING 39,467 NEW LIFE PAINTING & DECORATING LTD 137,130 NEW WESTMINSTER, CORP. OF THE CITY 5,442,315 NEW-LINE PRODUCTS LTD 176,282 NILEX INC 98,034 NORLANG CONTRACTING LTD 46,772 NORTH SHORE KIA 37,672 NORTH SHORE RESCUE TEAM 31,250 NORTH VANCOUVER, CITY OF 187,933 NORTH VANCOUVER,THE DISTRICT OF 325,025 NORTHERN BUILDING SUPPLY LTD 85,460 Schedule 5 Page 12of19
SCHEDULE OF PAYMENTS TO SUPPLIERS FOR GOODS AND SERVICES For the year ended December 31, 2016 Payments to Canadian Suppliers ($Cdn)
Supplier Name Payment Amount NORTHSIDE TRANSPORT LTD 43,166 NORTHWEST HYDRAULIC CONSULTANTS LTD 242,713 NORTHWEST PIPE COMPANY 2,209,363 NOVITHERM CANADA INC 28,590 NW SAFEWORK SOLUTIONS 98,606 OAKCREEK GOLF & TURF INC 39,797 OAKMONT INDUSTRIES 43,698 OCEAN CONCRETE, A DIV. OF LEHIGH HANSON 31,241 ODGERS BERNDTSON CANADA INC 61,586 ODOTECH 47,075 OFFICE MOVE PRO 78,736 OKIN PROJECTS LTD 26,082 OMEGA UNIFORM SYSTEMS 110,031 ON POWER SYSTEMS INC 228,662 ON THE SPOT SERVICES INC 698,329 ONLINE CONSTRUCTORS LTD 33,758 ONO WORK AND SAFETY INC 27,641 OPEN TEXT CORPORATION 220,328 OPTIMUS SBR INC 86,567 OPUS INTERNATIONAL CONSULTANTS (CANADA) 1,485,263 ORACLE CANADA ULC 119,744 ORKIN/PCO SERVICES CORPORATION 35,406 OSLER, HOSKIN & HARCOURT: LLP 90,116 OST ARA NUTRIENT RECOVERY TECHNOLOGIES 98,128 OTIS CANADA INC 97,925 OVIVO INC 86,489 P3 PARKADE & WAREHOUSE SERVICES 36,044 PACIFIC BOILER LTD 108,954 PACIFIC BOLT MANUFACTURING (1988) LTD 25,467 PACIFIC BUILDING ENVELOPE MAINTENANCE 59,745 PACIFIC CLIMATE IMPACTS CONSORTIUM 41,160 PACIFIC COASTCOIV! COMMUNITY 38,328 PACIFIC FLOW CONTROL LIMITED 34,401 PACIFIC GROUND ENGINEERING 172,446 PACIFIC LIAICON AND ASSOCIATES INC 56,950 PACIFIC NEWSPAPER GROUP, A DIVISION OF 30,514 PACIFIC ONE CONTRACTING INC 341,959 PACIFIC POWERTECH INC 115,585 PACIFIC WEST TREE SERVICES INC 39,963 PALMIERI BROS. PAVING LTD 259,215 PANORAMA PARK INVESTMENTS LTD 223,100 PANTHER CREATIVE 30,240 PARK DEROCHIE SEASIDE COATINGS INC 391,995 PARK SOLUTIONS INC 393,660 PARSONS INC 83,077 PAYLESS AUTO TOWING LTD 29,972 PEDRE CONTRACTORS LTD 26,784,075 Schedule 5 Page 13of19
SCHEDULE OF PAYMENTS TO SUPPLIERS FOR GOODS AND SERVICES For the year ended December 31, 2016 Payments to Canadian Suppliers ($Cdn}
Supplier Name Payment Amount PEEL'S NURSERIES LTD 33,012 PEOPLES TRUST 91,765 PERSONA CONSTRUCTION LTD 167,320 PETRO CANADA LUBRICATIONS INC 190,128 PETROCAN CANADA 54,961 PGL ENVIRONMENTAL CONSULTANTS 132,404 PHOENIX TRUCK & CRANE LTD 207,174 PHSA LABORATORIES SERVICES 25,489 PIBC INC 73,130 PINELAND PEAT FARMS LTD 92,237 PINNA SUSTAINABILITY INC 52,616 PINTON FORREST & MADDEN GROUP INC 64,365 PIONEER TRANSFORMER LIMITED 176,159 PIPE & PILING SUPPLIES (B.c.) LIMITED 39,522 PITI RIVER QUARRIES DIVISION OF LAFARGE 25,597 PLATINUM STONE CONTRACTING 141,059 POLAR BATIERY LTD 28,410 POLYCRETE RESTORATIONS LTD 500,226 POLY-MOR CANADA INC 130,458 PORT COQUITLAM, THE CITY OF 325,462 PORT MOODY, CITY OF 263,102 POWER FLAGGING AND TRAFFIC CONTROL INC 48,946 POWER SYSTEM ASSET MANAGEMENT SOLUTIONS 79,422 POWERCONCEPTS LTD 25,436 PRAIRIECOAST EQUIPMENT INC 121,771 PRAXAIR CANADA INC 542,458 PRECISION SERVICE & PUMPS INC 44,591 PRICE PROJECTS CORPORATION 43,890 PRO-CAN CONSTRUCTION GROUP CORP. 892,751 PROCON SYSTEMS (2013) INC 41,817 PROGRESSIVE SEALING INC 264,345 QUADRA CHEMICALS LTD 140,339 QUALICHEM INDUSTRIAL PRODUCTS LTD 39,664 QUANTUM MURRAY LP 35,919 QUESTICA INC 92,873 QUOTE ENDQUOTE CROSS-CULTURAL STRATEGY 32,841 R. McDOUGALL, CONSULTING AGROLOGIST 45,952 R.D. BACl SCHEDULE OF PAYMENTS TO SUPPLIERS FOR GOODS AND SERVICES For the year ended December 31, 2016 Payments to Canadian Suppliers ($Cdn) Supplier Name Payment Amount RAYBERN ERECTORS LTD 71,875 RAYDON RENTALS LTD 65,091 RECEIVER GENERAL OF CANADA 227,783 REDWOOD PLASTICS CORPORATION 38,440 REGIONAL COATING SOLUTIONS IN.C 205,243 RESHAPE INFRASTRUCTURE STRATEGIES LTD 37,682 RICH SOUND & VIDEO PRODUCTIONS INC 49,192 RICHMOND PLASTICS LTD 49,312 RICHMOND, CITY OF 1,395,809 RICOH CANADA INC 103,338 ROBERDS EXCAVATING (1991) LTD 60,129 ROCKSOLID ENTERPRISES INC 230,869 ROCKSOLID LANDSCULPTING CORPORATION 328,788 ROGERS WIRELESS 1,004,044 ROLLINS MACHINERY LIMITED 205,195 RONA 105,572 ROPER GREYELL LLP 181,031 ROSS MORRISON ELECTRICAL LTD 375,838 ROYAL BANK OF CANADA 512,907 RPS CONSULTING 28,712 RS WALDIE CONSULTING LTD 142,000 S.S.G . HOLDINGS LTD 1,898,780 SACRE-DAVEY ENGINEERING 74,999 SADA LIFT TRUCK SERVICES LTD 203,611 SAFWAY SERVICES CANADA, INC 218,478 SALMON'S RENTALS LTD 66,893 SANCAT EXCAVATING LTD 159,030 SANDPIPER CONTRACTING LTD 1,102,182 SARTORI ENVIRONMENTAL SERVICES 47,355 SASAMAT VOLUNTEER FIRE FIGHTERS ASSOC 37,080 SCHOOL DISTRICT 36 SURREY 110,618 SCOOBY'S DOG WASTE REMOVAL SERVICE 53,534 scan MITCHELL EXCAVATING LTD 116,366 scan PARAGON SIGNS & SCREEN PRINTING LTD 137,419 SCOUT ENVIRONMENTAL 133,968 SCS ENGINEERS 500,774 SEAHORSE GEOMATICS, INCORP.ORATED 223,708 SEKHON, P. TRUCKING 65,412 SELECT FLUID POWER LTD 28,944 SEYMOUR-CAP PARTNERSHIP 221,813 SFE GLOBAL 28,539 SHAW CABLE 101,655 SHELTER MODULAR INC 39,657 SIDHU, S. TRUCKING 105,650 SIEMENS CANADA LIMITED 103,127 SIMON FRASER UNIVERSITY 63,916 SIMPLEXGRINNELL 79,670 Schedule 5 Page 15of19 SCHEDULE OF PAYMENTS TO SUPPLIERS FOR GOODS AND SERVICES For the year ended December 31, 2016 Payments to Canadian Suppliers ($Cdn) Supplier Name Payment Amount SINGLETON URQUHART LEGAL COUNSEL 112,717 SKYE CONSULTING 98,938 SKY-HI SCAFFOLDING LTD 107,647 SMITH BROS. & WILSON (B.C.) LTD 205,493 SMITH CAMERON PROCESS SOLUTIONS 129,891 SMITH ENERGY INC 31,248 SMITH RITE DISPOSAL LTD 230,352 SMS EQUIPMENT INC 30,577 SNF CANADA LTD 629,840 SOFTCHOICE LP 94,257 SOLUTIONS PEST CONTROL LTD 87,105 SONNY'S WELDING LTD 55,871 SOUTH SURREY AGGREGATES LTD 42,000 SOUTHERN CROSS HOLDINGS LTD 617,952 SOUTHWELL CONTROLS LTD 144,718 SOUTHWEST CONTRACTING LTD 203,597 SPACE2PLACE DESIGN INC 72,833 SPARTAN CONTROLS LTD 924,574 SPECTRUM SAFETY GROUP 42,588 SPENCER MCDONALD ASSOCIATES 29,747 SPERLING HANSEN ASSOCIATES INC 65,937 SPICERS CANADA 40,299 SPX PROCESS EQUIPMENT - LIGHTNIN 169,907 SQUAMISH NATION 864,426 STANDARD BUILDING SUPPLIES LTD 31,133 STANLEY CANADA CORPORATION. 34,109 STANTEC CONSULTING LTD 970,299 STAPLES 48,767 STAR RENTALS LTD 66,632 STASUK TESTING & INSPECTION LTD 197,467 STEELGUARD FENCING 28,372 STELLAR POWER & CONTROL SOLUTIONS 34,144 STERICYCLE INC 71,064 STEWART MCDANNOLD STUART 34,236 STINGRAY SAND & GRAVEL LTD 176,821 SUMAS REMEDIATION SERVICES INC 25,252 SUMMIT VALVE AND CONTROLS INC 300,046 SUPER SAVE DISPOSAL INC 55,869 SUPERIOR CITY SERVICES LTD 32,587 SUPERIOR HANDYMAN SERVICES 150,723 SUPERIOR PROPANE LIMITED 33,245 SURREY, CITY OF 1,131,298 SYLVIS ENVIRONMENTAL 1,478,411 SYNERGY ELECTRICAL INSTALLATION AND MAIN 120,742 T.D. WILLIAMSON CANADA ULC 96,246 TALON HELICOPTERS LIMITED 234,533 TANEX INDUSTRIES LTD 2,250,000 Schedule 5 Page 16of19 SCHEDULE OF PAYMENTS TO SUPPLIERS FOR GOODS AND SERVICES For the year ended December 31, 2016 Payments to Canadian Suppliers ($Cdn) Supplier Name Payment Amount TARGET LAND SURVEYING LTD 136,805 TD CANADA TRUST 220,618 TECHNOLOGIES DUAL-ADE INC 27,870 TEEMA SOLUTIONS GROUP INC 259,921 TEKSYSTEMS CANADA, INC 122,731 TELUS COMMUNICATIONS INC 1,469,066 TERRA REMOTE SENSING INC 101,021 TERVITA CORPORATION ENVIRONMENTAL 1,004,077 TETRA TECH INC 1,238,399 THE BLUE GOOSE CATILE COMPANY 44,000 THE BRICK LTD 55,454 THE GRAHAM EXECUTIVE GROUP LTD 30,117 THE GREAT WEST LIFE ASSURANCE COMPANY 313,944 THE HOME DEPOT 321,006 THE OWNERS BCS 3598 44,600 THERMO FISHER SCIENTIFIC MISSISSAUGA INC 56,551 THOMCO SUPPLY LIMITED 98,418 THOMPSON FOUNDRY LTD 72,379 THOMPSON RIVERS UNIVERSITY 40,494 THOMSON POWER SYSTEMS 44,547 THUVESON, WILLE 267,308 TIMBERLINE TREE SERVICE LTD 48,080 TIP TOP CARPETS LTD 467,127 TLD COMPUTERS INC 894,202 TORBRAM ELECTRIC SUPPLY LTD 41,140 TRAFX RESEARCH LTD 42,184 TRANS POWER CONSTRUCTION (1999) LTD 54,031 TRANS LINK 969,982 TREE ISLAND INDUSTRIES 115,475 TREO 131,435 TRI-ARROW INDUSTRIAL RECOVERY INC 627,044 TRI-STAR ENVIRONMENTAL CONSULTING 52,920 TRITECH GROUP LTD 826,046 TRIUMPH TRAFFIC INDUSTRIES INC 35,704 TWIN ISLAND EXCAVATING 69,766 TWO RIVERS TERMINAL, LLC 383,269 TYCO INTEGRATED FIRE & SECURITY 34,068 U.S. PEROXIDE, LLC 166,978 ULINE 74,240 UNDERHILL GEOMATICS LTD 48,825 UNISOURCE CANADA INC 82,199 UNIT4 BUSINESS SOFTWARE CORPORATION 938,857 UNITED DEFENSE SECURITY SERVICES LTD 81,354 UNITED RENTALS OF CANADA INC 269,370 UNITOW SERVICE 57,604 UNIVAR CANADA LTD 834,757 UNIVERSAL HANDLING EQUIPMENT COMPANY 36,641 Schedule 5 Page 17of19 SCHEDULE OF PAYMENTS TO SUPPLIERS FOR GOODS AND SERVICES For the year ended December 31, 2016 Payments to Canadian Suppliers ($Cdn) Supplier Name Payment Amount UNIVERSITY OF BRITISH COLUMBIA 498,647 URBAN NETWORKS INC 28,493 URBAN SOLUTIONS ARCHITECTURE 35,707 URBAN SYSTEMS LTD 73,966 VALLEY TRAFFIC SYSTEMS INC 668,002 VALLEYSIDE CONTRACTING SERVICES LIMITED 64,811 VAN HOUTIE COFFEE 25,391 VANCITY COMMUNITY FOUNDATION 370,307 VANCOUVER AQUARIUM MARINE SCIENCE CENTRE 55,000 VANCOUVER CONVENTION CENTRE 93,272 VANCOUVER FRASER PORT AUTHORITY 64,769 VANCOUVER HOLDINGS (B.C.) LTD 61,757 VANCOUVER, CITY OF 2,843,924 VANKO ANALYTICS LIMITED 39,548 VANPORT ENTERPRISES LTD 192,779 VEOLIA ES CANADA INDUSTRIAL SERVICES 152,293 VEOLIA WATER TECHNOLOGIES CANADA INC 29,251 VERSATA FZ, LLC 43,166 VERSATECH PRODUCTS INC 53,187 VICTORIA MOBILE RADIO 30,537 VIKING FIRE PROTECTION INC 52,716 VWR INTERNATIONAL 223,745 WAINBEE LIMITED 29,820 WAJAX INDUSTRIAL COMPONENTS LP 261,086 WASTECH SERVICES LIMITED 26,493,488 WATER & WASTEWATER SPECIALTIES 245,795 WATER ENVIRONMENT RESEARCH FOUNDATION 69,000 WATER RESEARCH FOUNDATION 203,525 WATERTEC IRRIGATION LTD 33,376 WATERTRAX 28,941 wee CRANE SOLUTIONS INC 97,506 WEATHERHAVEN GLOBAL RESOURCES LTD 58,833 WEIR CANADA INC 49,559 WELLS WATER WORKS SERVICES LTD 74,361 WESCO INDUSTRIES LTD 273,239 WEST COAST ELEVATOR SERVICES LTD 198,795 WEST VANCOUVER, CORP OF THE DISTRICT 294,644 WESTBURNE ELECTRIC SUPPLY 364,352 WESTCAN INDUSTRIES LTD 324,368 WESTCOR SERVICES LIMITED 27,878 WESTECH ENGINEERING INC 1,271,048 WESTERN PACIFIC ENTERPRISES LTD 137,766 WESTERN TANK AND LINING LTD 165,850 WESTERN WEED CONTROL (1980) LTD 48,878 WESTERRA EQUIPMENT 27,312 WESTPARK PARKING SERVICES INC 75,406 WESTRON ROTATING SOLUTIONS B.C. LTD 31,106 Schedule 5 Page 18of19 SCHEDULE OF PAYMENTS TO SUPPLIERS FOR GOODS AND SERVICES For the year ended December 31, 2016 Payments to Canadian Suppliers ($Cdn) Supplier Name Payment Amount WHITE PINE ENVIROMENTAL RESOURCES INC 73,349 WILCO CIVIL INC 450,335 WINVAN PAVING LTD 394,021 WISMER & RAWLINGS ELECTRIC LTD 50,088 WMW PUBLIC ARCHITECTURE 76,230 WOLSELEY INDUSTRIAL CANADA INC 587,681 WSP CANADA INC 564,686 XEROX OF CANADA LIMITED 29,416 XYLEM CANADA COMPANY 652,092 YARD AT A TIME CONCRETE {1988) LTD 47,894 YOUNG, ANDERSON, BARRISTERS & SOLICITORS 44,242 ZEP MANUFACTURING COMPANY OF CANADA 29,445 Payment to suppliers of goods and services who received aggregate payment exceeding $25,000 707,106,973 Consolidated total paid to suppliers who received aggregate payments 12,288,728 of $25,000 or less Total payments made to Canadian suppliers (excluding aggregate Flow Through Payments, Grant/Contributions) 719,395,701 Payroll and Flow Through Payments Made in 2016 ANMORE, VILLAGE OF 720 CANADA REVENUE AGENCY 42,336,439 CANADA SAVINGS BOND 729,320 COQUITLAM, CITY OF 136,133 DELTA, CORPORATION OF 190,014 GREEN SHIELD CANADA 466,260 GVRDEU 550,092 MINISTER OF FINANCE & CORP RELATIONS 1,961,201 MUNICIPAL PENSION PLAN 23,545,883 NORTH VANCOUVER, THE DISTRICT OF 50,967 PACIFIC BLUE CROSS 4,170,121 TEAMSTERS LOCAL UNION #31 624,765 THE GREAT WEST LIFE ASSURANCE COMPANY 1,327,523 TRANS LINK 2,436,813 UNITED WAY OF THE LOWER MAINLAND 35,206 WEST VANCOUVER, CORP OF THE DISTRICT 22,792,153 WHITE ROCK, THE CITY OF 85,500 WORKSAFE BC 1,748,936 Total Payment and Flow Through Payments made in 2016 103,188,048 Schedule 5 Page 19of19 SCHEDULE OF PAYMENTS TO SUPPLIERS FOR GOODS AND SERVICES For the year ended December 31, 2016 Payments to Canadian Suppliers ($Cdn) Supplier Name Payment Amount Payments made in 2016 for External Contributions Homelessness Partnering Strategy Program (HPS) ABORIGINAL MOTHER CENTRE SOCIETY 99,392 ALOUETIE HOME START SOCIETY 76,896 AUNT LEAH'S INDEPENDENT LIFESKILLS 212,087 B.C. NON-PROFIT HOUSING ASSOC 63,890 BC SENIOR SERVICES AND HOUSING 35,101 CIRCLE OF EAGLES OF LODGE SOCIETY 146,366 COMMUNITY BUILDERS BENEVOLENCE GROUP 140,458 COVENANT HOUSE VANCOUVER 298,089 DOWNTOWN EASTSIDE WOMEN'S CENTRE 290,281 GREATER VANCOUVER SHELTER STRATEGY 192,102 HOLLYBURN FAMILY SERVICES SOCIETY 624,137 LOOKOUT EMERGENCY AID SOCIETY 138,095 MPA SOCIETY 166,659 RAINCITY HOUSING AND SUPPORT SOCIETY 605,252 SOURCES COMMUNITY RESOURCE CENTRES 210,316 STEPPING STONE COMMUNITY SERVICES 109,135 THE ELIZABETH FRY SOCIETY OF GREATER 1,470,578 THE JOHN HOWARD SOCIETY OF THE LOWER MAINLAND 278,573 THE PROGRESSIVE HOUSING SOCIETY 477,970 TURNING POINT HOUSING SOCIETY 1,184,150 VANCOUVER ABORIGINAL TRANSFORMATIVE 168,280 YOUNG WOMEN'S CHRISTIAN ASSOCATION 545,383 7,533,191 Board Approved Contributions CATCHING THE SPIRIT YOUTH SOCIETY 75,000 FRASER BASIN COUNCIL SOCIETY 300,000 PACIFIC PARKLANDS FOUNDATION 296,000 RECYCLING COUNCIL OF BC 60,000 SEYMOUR SALMONID SOCIETY 125,000 KANAKA EDUCATIONAL & ENVIRONMENTAL 36,000 892,000 Payments for External Contributions exceeding $25,000 8,425,191 Payments for External Contributions of $25,000 or Less 218,254 Total Payments made in 2016 for External Contributions 8,643,444 Total Payment made to Canadian Suppliers ($Cdn) $ 831,227,193 Schedule 6 Page 1of1 SCHEDULE OF PAYMENTS TO SUPPLIERS FOR GOODS AND SERVICES For the year ended December 31, 2016 Payments to U.S. Suppliers ($US) Supplier Name Payment Amount ADS ENVIRONMENTAL SERVICES INC 109,724 CHEME SOLUTIONS 135,060 CREATIVE RESOURCE STRATEGIES LLC 26,279 CUMMINS WESTERN CANADA LP 1,259,193 FINNING INTERNATIONAL INC 909,266 GARDNER DENVER NASH LLC 32,941 I. M. IDRISS 93,587 INFOR (US}, INC 305,286 JAMES BRINKLEY CO., INC 273,201 JENSEN DRILLING COMPANY 410,410 MONROE ENVIRONMENTAL 374,395 MRI SOFTWARE LLC 72,346 NORMAN A. ABRAHAMSON INC 28,000 OSI SOFT 123,197 RIX INDUSTRIES 26,300 RPK STRUCTURAL MECHANICS CONSULTING 34,236 TELEDYNE RD INSTRUMENTS 49,692 U.S. PEROXIDE, LLC 108,259 Payments to US suppliers of goods and services who received aggregate payments exceeding $25,000 4,371,372 Consolidated total of all payments to US suppliers who received $25,000 or less 449,587 Total payments made to US suppliers ($US} $ 4,820,958 Total payments made to US suppliers ($Cdn) $ 6,386,836 Schedule 7 Page 1of1 SCHEDULE OF PAYMENTS TO SUPPLIERS FOR GOODS AND SERVICES For the year ended December 31, 2016 Reconciliation of Payments for Goods and Services to Financial Statements Total payments to Canadian Suppliers (Schedule 5) $ 831,227,193 Total payments to US Suppliers - in Canadian dollars (Schedule 6) 6,386,836 $ 837,614,029 Total expenditures per Financial Statements (Exhibit B - Consolidated Statement of Operations) $ 556,735,212 Acquisition of tangible capital assets (Exhibit C - Consolidated Statement of Change in Net Debt) 237,318,540 Items included in Financial Statements but not in Schedules 5 and 6: Salaries and benefits per note 17 of financial statements (157,907,292) Salaries and benefits capitalized and included in tangible capital assets (19,118,163) Employer share of non-taxable payroll remittances (22,424,650) Employee's and director's expenses per Schedules 1 and 2 of public list (2,800,217) 2016 accounts payable and accrued liabilities (146,633,561) Sinking fund income attributed to members and Translink (30,291,885) Amortization of tangible capital assets (7 4,994,413) Amortization of prepaid land leases (194,800) Assets granted to Parks and included in capital assets (4,656,171) New office tower expenses paid by property management company (2,024,001) Non-cash adjustments 237,324 Items in Schedules 5 and 6 but not included in expenditures in the Financial Statements: 2015 accounts payable and accrued liabilities 166,128,503 Payroll and other remittances 79,932,560 Municipal GST rebate and ITCs 20,842,583 Payments relating to debt financing and debt reserve funds: Payments to members 23,255,487 Payments to Municipal Finance Authority 251,358,950 Payments for MVHC mortgages 12,719,573 Interest paid on long-term debt (49,869,551) $ 837 ,614,029