E-1Report - Redacted
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3.1 E1S - E1 and EfficiencyOne Services ("E1S") entered into a Shared Services Agreement ("E1S Agreement") on August 29, 2017, and remains in effect. There have been no amendments or updates to the Shared Services Agreement between E1 and...
AI summary E1 and E1S have a Shared Services Agreement in place since 2017, governing shared services and fully allocated cost accounting. The CEO of E1 oversees both entities, and no employees were seconded to E1S in 2024. Attachments provide asset, service, and employee details.
3.2 HCi3 • E1 and Halifax Climate Investment, Innovation and Impact Fund (HCi3) entered into a Shared Services Agreement ("HCi3 Agreement") on January 1, 2021, and remains in effect. There have been no amendments or updates to the Shared S...
AI summary E1 and HCi3 have a Shared Services Agreement that governs the allocation of corporate services between them on a fully allocated cost basis. The agreement has not been amended since its inception in 2021, and details of the services and costs are provided in attachments. E1 also has an employee-specific service agreement with the President and CEO of E1, who oversees both entities.
4. COST ALLOCATORS AND METHODOLOGY [6](#page-5-2) The EfficiencyOne Code of Conduct Governing Affiliate Transactions Internal Guidelines filed on May 11, 2017,[7](#page-5-3) remains in effect, and is included as Attachment E. The Internal...
AI summary The document references the EfficiencyOne Code of Conduct Governing Affiliate Transactions Internal Guidelines , which outlines how EfficiencyOne calculates costs for shared services, fully allocated costs, and time reporting for seconded employees.
1 Table 3: HCi3 Affiliate Transactions - 2024 Overhead Costs by Category Affiliate Transactions Overhead Cost by Type E1 Employee Costs for Affiliate Transactions Affiliate Employee Costs for Affiliate Transactions Total Overhead Costs for...
AI summary Table 3 presents the 2024 overhead costs by category for HCi3 affiliate transactions, including information technology, office and insurance, rent, and training and development, with details on employee costs and total overhead costs.
2.1 Definition In the Code, Fully Allocated Costs are calculated as: Salary Costs + Benefits Costs + Overhead Costs Costs will be applied to all services, including employees providing corporate services, using positive time reporting, in...
AI summary The document defines Fully Allocated Costs as the sum of salary, benefits, and overhead costs, which are applied to all services, including corporate services, based on positive time reporting as outlined in section 3 of the Internal Guidelines.
2.4 Overhead Costs Overhead Costs are calculated using the total Overhead Costs as a percentage of the Salary Costs and Benefit Costs. The percentage of Overhead Costs will be adjusted on an annual basis. Overhead Costs do not include any...
AI summary Overhead Costs are calculated as a percentage of Salary and Benefit Costs, adjusted annually. These costs exclude utility-specific or affiliate-specific expenses and include shared items like rent, office supplies, insurance, and IT support.
Fully Allocated Costs All hours inputted into Payworks are billed bi-weekly to an Affiliate at fully allocated costing rates. Fully allocated costing rates are calculated by Finance at the first of each new year. Finance is responsible for...
AI summary The document outlines the process for calculating and applying fully allocated costing rates, which are used to bill Affiliates bi-weekly based on hours inputted into Payworks. These rates are determined annually by Finance and are intended to be accurate and up to date.