Question: A city starts a solid waste landfill during 2 0 2 3 . When the landfill was opened the city estimated that it would fill

A city starts a solid waste landfill during 2023. When the landfill was opened the city estimated that it would fill to capacity within 6 years and that the cost to cover the facility would be $1.8 million which will not be paid until the facility is closed. At the end of 2023, the facility was 15% full, and at the end of 2024 the facility was 35% full.
If the landfill is judged to be a governmental fund, what liability is reported on the fund financial statements at the end of 2024?

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