Topic:"Cost Considerations" in M10563

Report on Other Legal and Regulatory Requirements We have audited the Corporation's compliance, as at December 31, 2021, with the cost allocation criteria established by the Efficiency Nova Scotia Cost Allocation Methodology Report as file...

AI summary An audit confirms that the Corporation complied with the cost allocation criteria from the Efficiency Nova Scotia Cost Allocation Methodology Report as of December 31, 2021. The audit was conducted by Chartered Professional Accountants and the responsibility for compliance lies with the Corporation's management.

Cost allocation methodology The Corporation follows a Cost Allocation Methodology ("CAM") to allocate expenses not directly related to a fund, as disclosed in Note 13. There was no change to the CAM from prior years.

AI summary The Corporation uses a Cost Allocation Methodology (CAM) to allocate expenses not directly related to a fund, as outlined in Note 13. The CAM has remained unchanged from prior years.

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 inability to meet cash obligations as they come due. The Corporation manages this risk by monitoring cash flows and holding liquid assets. Accounts payable and accrued liabilities include customer incentives, typically paid within 90 days, with some exceptions based on contract terms. HST and loan payable are remitted monthly.

13. COST ALLOCATION METHODOLOGY Allocator Expenses subject to Allocation DSM Fund Allocation Provincial Fund Allocation Other Business Fund Allocation Incentives Direct $ 116 $ 47 $ 69 $ - Information technology FTE 317 205 106 6 Informati...

AI summary The document outlines a cost allocation methodology used by the Corporation, detailing expenses distributed across the DSM Fund, Provincial Fund, and Other Business Fund. It includes categories like incentives, information technology, marketing, and salaries, with specific allocations for each fund.

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. Direct costs include customer payments and program-specific expenses, while non-direct costs such as salaries and administrative overhead are allocated based on FTE and direct costs as defined in the ENSC Cost Allocation Methodology Report. The CAM is regularly reviewed by the NSUARB.

In Thousands GL Account GL Account Description Financial Statement Grouping GL Balance Direct Expense of DSM Fund Fund through Cost Allocation Methodology IT Contract Services Information Technology 147 - 147 Purchased IT Equipment Informa...

AI summary The document presents a detailed breakdown of financial expenditures related to the Demand-Side Management (DSM) Fund for the year ended December 31, 2021, categorized under various GL accounts and financial statement groupings such as Information Technology, Advertising & Marketing, and others.

Request IR-2: - Re: Consolidated Statement of Operations, Demand Side Management Fund: - a) From the M10564 matter, Board Staff infer that the number of employees at E1 has decreased between 2020 and 2021. Is this statement accurate, and i...

AI summary Request IR-2 seeks clarification on changes in employee numbers and salary costs for E1 between 2020 and 2021, referencing the M10564 matter and Board Staff's inference about a decrease in employees and an increase in salaries and benefits.