Fund accounting - a) The Demand‐Side Management Fund ("DSM") is used to account for the operations of the Corporation including reporting the fee‐for‐service revenues as received from NS Power with expenses approved annually by the Nova Sc...
AI summary The text outlines the structure and use of various funds managed by the Corporation, including the Demand-Side Management Fund, Provincial Fund, Commitment Fund, and Other Business Fund. Each fund serves distinct purposes, such as managing fee-for-service revenues, covering capital asset costs, and accounting for future incentive payments.
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 The document discusses liquidity risk, defined as the risk of being unable to meet cash requirements or fund obligations. The Corporation manages this risk by monitoring cash flows and holding liquid assets. Accounts payable and accrued liabilities are typically paid within 90 days, with some exceptions based on contract terms. HST and loan payable payments are remitted monthly.
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 support, while non-direct costs such as salaries and administrative overhead are allocated based on FTE and direct costs, following the ENSC Cost Allocation Methodology Report. The CAM is subject to review by the UARB.