E-1Report - Redacted
5 passages
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.
6. OVERHEAD COSTS - As outlined in the Code "Sharing of Assets, Equipment, and Other Overhead Costs", the "assets, - equipment and other overhead costs of E1, used in relation to the Utility, shall be separated in - ownership from the asse...
AI summary This section discusses the sharing of overhead costs between E1 and its affiliates, including E1S and HCi3. It outlines how overhead costs are calculated, billed, and allocated based on full-time equivalents involved in affiliate activities, and provides details on the 2024 overhead costs for E1S.
5 FULLY ALLOCATED COSTING RATE Fully Allocated Costing Rate = Fully Allocated Costs / Billable Hours Fully allocated costing rates will be developed for each employee. The fully allocated costing rate will be applied to the number of emplo...
AI summary The document defines the Fully Allocated Costing Rate as the ratio of Fully Allocated Costs to Billable Hours. This rate will be applied to employee hours recorded through positive time reporting to determine the amount billed to the Affiliate.
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.