E-2Financial Statements - Refiled - Redacted
6 passages
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 are typically paid within 90 days, with exceptions based on contract terms. HST and loan payable payments are remitted monthly.
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 details the direct and non-direct costs incurred by the Corporation in 2023 for various programs, including DSM and PNS, and explains how non-direct costs are allocated using the ENSC Cost Allocation Methodology Report and FTE of staff resources assigned to the programs.
For the Year Ended December 31, 2023 In Thousands GL Account GL Account Description Financial Statement Grouping GL Balance Direct Expense of DSM Fund Fund through Cost Allocation Methodology 4000 DSM Revenue Revenue 53,000 4140 Recognitio...
AI summary The document presents financial data related to the Demand Side Management (DSM) Fund for the year ended December 31, 2023, including revenue, incentives, evaluation, and program support expenses. It outlines the allocation of costs and revenues under various categories such as customer rebates, program equipment, and consultant costs.
Corporation's name Business number Tax year end Year Month Day EfficiencyOne 80494 7976 RC0001 2023-12-31 General Index of Financial Information Notes to the financial statements Operating $ 4 $ 1 Change in Cash $ 4 $ 1 Cash - beginning of...
AI summary The document provides a General Index of Financial Information for EfficiencyOne, including details on operating cash flow, capital assets, deferred revenue, and interfund transfers. It discusses financial transactions with EfficiencyOne Services Inc. and the NSUARB-approved Code of Conduct. Capital assets include furniture, fixtures, and leasehold improvements, while interfund transfers are based on the FTE allocator defined in the CAM.
14. COST ALLOCATION METHODOLOGY Corporation's name Business number Tax year end Year Month Day EfficiencyOne 80494 7976 RC0001 2023-12-31 General Index of Financial Information Notes to the financial statements Allocator Provincial Fund Al...
AI summary The document outlines the cost allocation methodology used by EfficiencyOne, detailing expenses across various funds including the Provincial Fund, Other Business Fund, and DSM Fund. It includes categories such as amortization, incentives, information technology, marketing, and professional fees, with specific dollar amounts allocated to each.
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 2023, including program-specific expenses such as DSM, PNS, and Other Business, as well as shared costs like salaries and administrative overhead that require allocation across programs.