Topic:"Cost Considerations" in M09689

Cost allocation methodology The Corporation follows a Cost Allocation Methodology ("CAM") to allocate expenses not directly related to a fund, as disclosed in Note 15.

AI summary The Corporation uses a Cost Allocation Methodology (CAM) to allocate expenses not directly related to a fund, as outlined in Note 15 of the document.

12. CONTINGENCIES 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 H...

AI summary The Corporation has an agreement with NS Power to provide financing to BNI customers participating in various energy programs. The Corporation is contingently liable for defaults on these financing arrangements, with a total balance of $3,164 at December 31, 2019.

b) The Corporation has entered into a lease agreement, expiring December 31, 2025, for the rental of its office premises. Minimum annual lease payments over the term of the agreement are as follows: Year Annual Lease Payments 2020 $367 202...

AI summary The Corporation has entered into a lease agreement expiring in 2025 with minimum annual payments listed, and a multi-year contract for the Green Schools Nova Scotia program with costs of $434 in 2020 and $216 in 2021.

b) Liquidity risk Liquidity risk is the risk of being unable to meet cash requirements or fund obligations as they come due. It stems from the possibility of a delay in realizing the fair value of investments. The Corporation manages its l...

AI summary Liquidity risk refers to the risk of being unable to meet cash obligations as they come due. The Corporation manages this risk through monitoring cash flows and holding liquid assets. Accounts payable and accrued liabilities, including customer incentives and HST, are generally paid within 90 days or monthly, depending on contractual terms.

15. COST ALLOCATION METHODOLOGY Demand-Side Allocator Expenses subject to Allocation Management Fund Allocation Provincial Fund Allocation Other Business Fund Allocation Incentives Direct $ 29 $ 8 $ 21 $ - Information technology FTE 495 32...

AI summary The document outlines the cost allocation methodology used by the Corporation, detailing how expenses are distributed across different funds, including the Demand-Side Management (DSM) Fund, Provincial Fund, and Other Business Fund. It provides a breakdown of various expenses such as incentives, information technology, marketing, and salaries.

The costs in each fund include direct costs of the programs which are comprised of, but not limited to, customer payments, program support costs, and other program and administrative costs directly attributable to a program. The Corporatio...

AI summary The document outlines how the Corporation allocates both direct and non-direct costs across various programs, using FTEs and direct costs as defined in the ENSC Cost Allocation Methodology Report. These allocations are subject to regular review by the UARB.

Date Filed: July 23, 2020 E1 (NSUARB) IR-09 Page 1 of 1 1 Request IR-10: 2 3 Regarding EfficiencyOne Audited Financial Statements, Note 15, Cost Allocation 4 Methodology: 5 6 The table that is provided for the Cost Allocation Methodology s...

AI summary The document discusses a request for a reconciliation between the cost allocation methodology in Note 15 and the costs listed in Attachment 1, which show a discrepancy between the DSM Fund's allocated costs of approximately $9 million and the total of $34 million in the financial statements.

8 Request IR-10: - 9 Regarding EfficiencyOne Audited Financial Statements, Note 15, Cost Allocation Methodology: - 10 The table that is provided for the Cost Allocation Methodology shows the expenses subject to - 11 allocation being divide...

AI summary The text requests a reconciliation between the $9 million in costs allocated to the DSM Fund in Note 15 and the $34 million listed in Attachment 1, highlighting a discrepancy in financial reporting.