Topic:"Cost Considerations" in M12822

Report on Other Legal and Regulatory Requirements We have audited the Corporation's compliance, as at December 31, 2025, with the cost allocation criteria established by the Efficiency Nova Scotia Cost Allocation Methodology Report as file...

AI summary The audit confirms the Corporation's compliance with Efficiency Nova Scotia's cost allocation criteria as of December 31, 2025. The report, issued by Soane Short Thousand Accountants in April 2026, emphasizes management's responsibility for compliance and the auditor's role in expressing an opinion on this matter.

CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2025 (IN THOUSANDS) Efficiency Nova Scotia (Note 3) emand-Side Nanagement Fund Provincial Fund Othe er Business Fund 2025 2024 OTHER PROGRAM AND ADMINISTRATIVE COSTS 44,2...

AI summary The document presents a consolidated statement of operations for the year ended December 31, 2025, detailing various program and administrative costs, including amortization, bad debts, information technology, marketing, meetings and travel, office and insurance, professional fees, rent, salaries and benefits, and training and development. It also includes evaluation and verification costs for the years 2025 and 2024.

Cloud computing arrangements The Corporation has adopted the simplification approach for cloud computing arrangements. Implementation costs are expensed over the term of the arrangement. Subscription fees are expensed when incurred. During...

AI summary The Corporation adopts a simplification approach for cloud computing, expensing implementation costs over the arrangement term and subscription fees as incurred. Total cloud computing expenses amounted to $1,104 (2024: $859), recorded under information technology expenses.

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 employs a Cost Allocation Methodology (CAM) to allocate expenses unrelated to specific funds, as detailed in Note 13. The methodology has remained unchanged from prior years, indicating continuity in expense allocation practices.

Use of estimates The preparation of the consolidated financial statements in accordance with Canadian Accounting Standards for Not-For-Profit Organizations requires management to make estimates and assumptions that affect the reported amou...

AI summary The preparation of consolidated financial statements under Canadian Accounting Standards for Not-For-Profit Organizations requires management to use estimates and assumptions affecting assets, liabilities, revenues, and expenses. Examples include allowances for doubtful accounts, asset useful lives, and fair market value of investments, with actual results potentially differing from estimates.

The costs reported in the Consolidated Statement of Operations, 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...

AI summary The document outlines the direct and non-direct costs incurred by the Corporation in 2025 for various programs, including DSM, PNS, and Other Business. Direct costs totaled $239,167, with specific allocations to each program. Non-direct costs amounted to $32,570 and are allocated based on FTE and Direct Costs as per the ENSC Cost Allocation Methodology Report, which is subject to review by the Nova Scotia Energy Board.

13. COST ALLOCATION METHODOLOGY investments. Allocator Expenses subject to Allocation DSM Fund Allocation Provincial Fund Allocation Other Business Fund Allocation Amortization FTE $ 346 $ 213 $ 133 $ - Incentives Direct 1,473 388 883 202...

AI summary This section details the allocation of expenses across various funds, including direct and FTE costs for categories like incentives, information technology, marketing, meetings, and office expenses. Funds include DSM, Provincial, Other Business, and Amortization, with specific monetary values listed for each category.

Allocated expenses The Organization incurs expenditures related to salaries, benefits and rent that are not directly attributable to mandate-related programs. These expenses are allocated to program costs based on the percentage of time em...

AI summary The Organization allocates non-mandate-related expenses (salaries, benefits, rent) to program costs based on employee time spent on mandate-related activities, ensuring indirect costs are distributed proportionally.