E-12025 Report - Redacted
8 passages
- During 2025, E1 provided shared services to both Affiliates. No services were provided by either - Affiliate to E1 during the 2025 reporting period. - E1 maintains Shared Services Agreements with both Affiliates, governing all shared ser...
AI summary In 2025, E1 provided shared services to its Affiliates E1S and HCi3 on a fully allocated cost basis, with no services provided in return. Shared Services Agreements are in place, and employee-specific service agreements govern the relationship, with detailed transaction summaries provided in attachments.
4. COST ALLOCATORS AND METHODOLOGY [6](#page-4-3) - The EfficiencyOne Code of Conduct Governing Affiliate Transactions Internal Guidelines filed on - May 11, 2017,[7](#page-4-4) remains in effect, provided as Attachment E. [8](#page-4-5) T...
AI summary The document outlines the ongoing application of EfficiencyOne's Code of Conduct for Affiliate Transactions, including definitions of 'Shared Services' and 'Fully Allocated Costs.' It specifies billing practices for seconded employees at 100% of salary and separate overhead charges, referencing NSUARB and Board Order M07390.
6.1 E1S - As provided in Attachment A (Summary of Affiliate Transactions Services Provided by E1 to E1S), - 2025 overhead costs for the E1S affiliate were $8,259. Table 2 provides a breakdown of these - 2025 overhead costs by category type...
AI summary The document outlines 2025 overhead cost allocation for E1S, an EfficiencyOne affiliate, including salary and benefit breakdowns by category. It references the EfficiencyOne Code of Conduct and subsections of the Code governing affiliate transactions, emphasizing compliance with internal guidelines and asset-sharing policies.
8 Table 2: E1S Affiliate Transactions – 2025 Overhead Costs by Category Affiliate Transaction Overhead Cost by Type E1 Employee Cost for Affiliate Transactions Affiliate Employee Costs for Affiliate Transactions Total Overhead Costs for Af...
AI summary Table 2 details E1S Affiliate Transactions overhead costs in 2025, categorized into IT, office/insurance, rent, and training. Total overhead costs amount to $8,259, with E1 employee costs at $2,902 and affiliate employee costs at $5,357. The table includes breakdowns by category and employee metrics.
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 Fully Allocated Costs are defined as the sum of Salary, Benefits, and Overhead Costs, applied universally across all services including corporate functions, with compliance to positive time reporting as outlined in section 3 of the Internal Guidelines.
2.3 Benefit Costs Benefit Costs are applied as a percentage of Salary Costs. The Benefit Cost percentage will be adjusted on an annual basis. Benefit Costs may include: - (i) Employer Share of CPP and EI; - (ii) Employer Share of Employee...
AI summary Benefit Costs are calculated as a percentage of Salary Costs, adjusted annually. They include employer contributions to CPP, EI, Employee Benefit Plans, and Company Pension Plans.
3 POSITIVE TIME REPORTING In accordance with section 6.7 of the Code of Conduct, the determination of the cost of personnel providing an Affiliate Service shall be based on positive time reporting. Positive time reporting for Affiliate Ser...
AI summary The document outlines the requirement for positive time reporting under section 6.7 of the Code of Conduct to determine the cost of Affiliate Services, applicable to all employees, including executives, with monthly reporting by project or function.
PURPOSE OF CODE OF CONDUCT The Code sets out standards and parameters for all Affiliate interactions to ensure that there are no adverse effects on E1. This means that: - a) E1 cannot support an Affiliate through providing goods and servic...
AI summary The Code of Conduct establishes rules for Affiliate interactions with E1 to prevent adverse impacts. Key requirements include fair market valuation of services, protection of customer data, and separation of financial records. E1's management must ensure alignment with organizational goals.