E-1Financial Statements - Redacted
6 passages
a) The Corporation has an agreement with NS Power to extend financing to certain Business, Non-Profit and Institutional ("BNI") customers participating in either the Small Business Energy Solutions, Affordable Multi-Family Housing, BNI Cus...
AI summary The Corporation has an agreement with NS Power to provide financing to BNI customers in specific programs, with repayment terms up to 48 months. The Corporation is contingently liable for defaults, and a liability of $51 has been established for at-risk accounts. Total financing extended reached $2,165 as of December 31, 2024.
Pro gra m sis f E sti Ba te o ma Ho En As t me erg y se ssm en be f e lig b le ho d t Nu i nti cip ate m r o me s a o let he he hi ric l e t at t sto co mp pr og ram a ba lus fin l a dit te rat sts to av era ge re e p a u co be id live Ag...
AI summary The Corporation has established multi-year fee-for-service agreements with NS Power, the Province of Nova Scotia, and Natural Resources Canada to support future commitments. These agreements are intended to ensure the Corporation can meet its obligations moving forward.
General Index of Financial Information Notes to the financial statements projects to mitigate climate impacts. Loans receivable are funded by endowments from FCM and the Province of Nova Scotia. During the year, HCi3 issued a loan receivab...
AI summary The document outlines financial details including a loan receivable issued by HCi3, capital assets, bank indebtedness, deferred revenue, contingencies, and commitments. It highlights financing arrangements for BNI customers and estimated program commitments. Key financial figures and liabilities are discussed.
3.CONTRIBUTIONS Effective December 10, 2020, the Organization entered into a funding agreement with FCM to administer the LC3 efforts in Halifax, Nova Scotia. The Organization received $2,431,286 in operating contributions and $15,000,000...
AI summary The Organization received funding from FCM and the J.W. McConnell Family Foundation for climate-related initiatives. Contributions totaled over $17 million, with specific amounts allocated for operating and endowment purposes.
The Organization's mandate includes direct investments, such as loans, tosupport local projects to mitigate climate impacts. Loans receivable are fundedby endowments from FCM and the Province of Nova Scotia. During the year, the Organizati...
AI summary The Organization provides loans to support local climate mitigation projects, funded by endowments from FCM and the Province of Nova Scotia. A $200,000 loan was issued with an interest rate of prime + 4%, repayable in interest-only installments until 2027 and secured by a general security agreement.
9. RELATED PARTY TRANSACTIONS (continued) 2024 2023 Information technology $ 21,033 $ 11,125 Office and insurance 6,256 5,546 Rent 16,211 17,420 Salaries and benefits 104,956 96,842 Training and development 1,564 1,378 $ 150,020 $ 132,311...
AI summary The document provides a table showing related party transactions for 2024 and 2023, including amounts spent on various categories such as information technology, office and insurance, rent, salaries, and training. It also notes an amount of $25,281 (or $66,524 in 2023) owed to EfficiencyOne.