Topic:"Accounting Standards" in M04819

The Cost Allocation Report prepared by Elenchus, including attachments containing annual preliminary DSM program cost allocations and rate and billing impact analyses for 2013-2015, is provided in Appendix C. Elenchus has developed a cost...

AI summary The Cost Allocation Report by Elenchus outlines a two-part model for ENSC, using a methodology filed with the UARB in 2011. Part One is used for audited financial statements, while Part Two allocates program costs to NSPI customer classes for rate rider adjustments starting in 2013. The approach aligns with the 2009 Settlement Agreement, with one exception noted in Section 5.1.

Opinion In our opinion, the financial statements present fairly, in all material respects, the financial position of Efficiency Nova Scotia Corporation as at December 31, 2011, and its financial performance and its cash flows for the year...

AI summary The financial statements of Efficiency Nova Scotia Corporation as of December 31, 2011, are deemed to present its financial position, performance, and cash flows accurately in accordance with Canadian accounting standards for not-for-profit organizations.

Basis of accounting These financial statements have been prepared in accordance with Canadian accounting standards for not-for-profit organizations.

AI summary The financial statements are prepared in accordance with Canadian accounting standards for not-for-profit organizations, ensuring compliance with regulatory requirements. This approach reflects the organizational structure and reporting obligations specific to non-profit entities in Nova Scotia.