M-2-(v)2024-25 Electrical Utility Statements
3 passages
Town of Mahone Bay Electric Utility Statement of Investment in Capital Assets For the year ended March 31 2025 2024 Investment in capital assets, beginning of year $ 1,267,818 $ 1,251,447 Add: interest income on depreciation fund 4,150 4,7...
AI summary The Town of Mahone Bay Electric Utility provides financial statements for the year ended March 31, 2025, including the Statement of Investment in Capital Assets and the Statement of Cash Flows. These statements detail changes in capital investments, cash flows from operating, investing, and financing activities, and the ending cash balances.
The following table reconciles required depreciation fund cash: 2025 2024 Required depreciation fund cash, beginning of year Add: interest income on depreciation fund Add: depreciation expense $ (459,924) $ 4,150 69,337 (11,164) 4,724 66,5...
AI summary The text provides a reconciliation of required depreciation fund cash for 2025 and 2024, including interest income, depreciation expenses, and capital expenditures. It also outlines capital asset expenditures for both years.
No set terms of repayment Due within 1 year Due within 2-5 years Thereafter Totals Accounts payable and accrued liabilities $ 53,661 $ - $ - $ - $ 53,661 Long-term debt - 11,646 46,584 11,648 $ 69,878 $ 53,661 $ 11,646 $ 46,584 $ 11,648 $...
AI summary The table provides an overview of accounts payable and accrued liabilities, long-term debt, and totals across different repayment terms. It notes that liquidity risk has decreased due to a reduction in long-term debt.
M-2-(vi)2025-26 Electrical Utility Statements (Draft)
5 passages
Town of Mahone Bay Electric Utility Statement of Financial Position - Operating Fund March 31 2026 202 Acceta Assets Cash $ 550 $ 55 Rates and other receivables (Note 7) 1,197,112 1,072,98 Inventory 330,160 360,31 Prepaid expenses Pue from...
AI summary The financial statements of the Town of Mahone Bay Electric Utility for the Operating Fund and Capital Fund show changes in assets, liabilities, and net assets between 2025 and 2026. The Operating Fund shows a surplus decrease from 2025 to 2026, and the Capital Fund reflects significant changes in utility plant and equipment. The statements include notes and schedules that provide further details on financial positions and operations.
Town of Mahone Bay Electric Utility Statement of Investment in Capital Assets For the year ended March 31 2026 2025 Investment in capital assets, beginning of year $ 1,267,818 $ 1,267,818 Add: interest income on depreciation fund 2,783 4,1...
AI summary The Town of Mahone Bay Electric Utility provides financial statements showing changes in investment in capital assets and cash flows for the years ended March 31, 2026 and 2025. The statements include details on solar garden capital assets, interest income, and transfers between funds.
Capital Fund This fund reflects all the capital assets of the Town of Mahone Bay Electric Utility (the "Utility") and their related financing. All debt charges with respect to the loans are reflected in the Operating Fund.
AI summary The Capital Fund reflects the capital assets of the Town of Mahone Bay Electric Utility and their related financing, with debt charges shown in the Operating Fund.
The following table reconciles required depreciation fund cash: 2026 2025 Required depreciation fund cash, beginning of year Add: interest income on depreciation fund Add: depreciation expense Less: capital expenditures from depreciation f...
AI summary The text provides a reconciliation of required depreciation fund cash for 2026 and 2025, including interest income, depreciation expense, capital expenditures, and fund balances. It also details capital asset expenditures for the same periods, including proceeds from debentures, repayments, and transfers of assets.
Town of Mahone Bay Electric Utility Schedule 1 - Schedule of Utility, Plant and Equipment For the year ended March 31 2026 2025 Intangible plant Organization Miscellaneous - intangible plant Working capital $ 500 $ 500 10,540 10,540 2,750...
AI summary This document presents the Schedule of Utility, Plant and Equipment for the Town of Mahone Bay Electric Utility for the years 2025 and 2026, detailing tangible and intangible plant assets, accumulated depreciation, rate base, and operating income.
M-4TOMB (NSEB) RIR 22 to 33
3 passages
NOVA SCOTIA ENERGY BOARD IN THE MATTER OF: THE PUBLIC UTILITIES ACT - and - IN THE MATTER OF: An Application by the Town of Mahone Bay Electrical Utilty for approval of a capital expenditure request for the Edgewater Project at $2,650,000...
AI summary The Nova Scotia Regulatory and Appeals Board has issued an information request to Dylan Heide, Chief Administrative Officer of the Town of Mahone Bay Electric Utility, regarding a capital expenditure request for the Edgewater Project valued at $2,650,000. Responses are due by October 23, 2026.
- i. Please explain in detail why this work was required. See above. - ii. Please identify the amount included in the cost of this change order that is associated with the "Original Park Area Scope". - The revised scope was priced at $97,9...
AI summary The document discusses a change order for a project involving electrical work in a park area, including the cost breakdown and justification for the change. It also covers another change order related to a padmount transformer installation, explaining the scope of work and the reasons for the adjustment.
Request IR-32: - IR-19 asked: "The application states, "Assessed against future customer growth in the impacted area, the cost of the infrastructure improvement is reasonable". Explain and provide a copy of the assessment carried out by th...
AI summary The Utility claims that future customer growth will offset infrastructure costs, but no documentation supports this assessment. The Board is asked to explain how it can be assured that future revenues will cover these costs, including O&M, depreciation, and debt servicing.