E-12021 Financial Statements - Redacted
11 passages
Fund accounting a) The Demand-Side Management ("DSM") Fund is used to account for the operations of the Corporation including the fee-for-service revenues received and expenses incurred for the delivery of DSM programs and services. The Su...
AI summary The document outlines the use of three funds—DSM, PNS, and Other Business—each restricted to specific operations. The DSM Fund supports demand-side management activities, the PNS Fund supports provincial programs, and the Other Business Fund supports subsidiary and non-DSM/PNS activities, including contributions from NS Power and the FCM.
Efficiency Nova Scotia Revenue Effective January 1, 2020, the Corporation entered into a three-year supply agreement with NS Power to provide DSM energy efficiency and conservation activities. The agreement will provide funding of $110,000...
AI summary Efficiency Nova Scotia entered into a three-year supply agreement with NS Power starting January 1, 2020, providing $110,000 in funding for DSM energy efficiency and conservation activities over three years. Fee-for-service revenue was $34,600 in 2021 and $34,400 in 2020.
Demand-Side Other Management Provincial Business Fund Fund Fund 2021 2020 Fee-for service revenue $ 34,600 $ 72,660 $ 3,829 $ 111,089 $ 60,743 Other revenue - - 2,639 2,639 120 Recognition/ (Deferral) of revenue 1,310 (40,542) (2,049) (41,...
AI summary The table outlines revenue and investment-related figures under the Demand-Side Management Fund, Provincial Business Fund, and other categories for the years 2020 and 2021. It includes details such as fee-for-service revenue, other revenue, and the recognition or deferral of revenue.
5. LOAN RECEIVABLE/PAYABLE The NSUARB requested that the Corporation assess the viability of external financing of NS Power's DSM deferral balance of $35,000 from 2015 ("2015 DSM Deferral"). The Corporation determined that such external fi...
AI summary The NSUARB requested the Corporation to assess external financing of NS Power's 2015 DSM Deferral balance. The Corporation proceeded with funding the unamortized portion, borrowing from TD and advancing the funds to NS Power with repayment obligations. A second loan was finalized in 2017 for accrued returns on the deferral, with similar repayment terms.
10. COMMITMENTS a) In the course of business, the Corporation approves customer applications that offer future incentive payments based on the completion of program criteria within a specific time frame. The value of these commitments is e...
AI summary The Corporation approves customer applications with future incentive payments based on meeting program criteria within a time frame. Estimated commitment values are provided, with shares allocated to the DSM Fund and PNS Fund. In 2021, estimates for Small Business Energy Solutions and Custom programs were established and included in the DSM Fund share.
ii) Accounts receivable and loan receivable Credit risk associated with accounts receivable is mitigated by the fact that the majority of receivables outstanding are from NS Power, which is a regulated public utility, mandated by its regul...
AI summary The credit risk for accounts receivable is low due to the majority of receivables being from NS Power, a regulated public utility responsible for funding DSM activities.
13. COST ALLOCATION METHODOLOGY Allocator Expenses subject to Allocation DSM Fund Allocation Provincial Fund Allocation Other Business Fund Allocation Incentives Direct $ 116 $ 47 $ 69 $ - Information technology FTE 317 205 106 6 Informati...
AI summary The document outlines a cost allocation methodology used by the Corporation, detailing expenses distributed across the DSM Fund, Provincial Fund, and Other Business Fund. It includes categories like incentives, information technology, marketing, and salaries, with specific allocations for each fund.
EfficiencyOne Statement of Operations & Changes in Fund Balance - Details by GL Account - Demand-Side Management (DSM) Fund For the Year Ended December 31, 2021 GL Account GL Account Description Financial Statement Grouping GL Balance Dire...
AI summary The document presents a detailed breakdown of the EfficiencyOne Demand-Side Management (DSM) Fund's financial operations for the year ended December 31, 2021, including revenue, incentives, evaluation, and program support expenses.
In Thousands GL Account GL Account Description Financial Statement Grouping GL Balance Direct Expense of DSM Fund Fund through Cost Allocation Methodology IT Contract Services Information Technology 147 - 147 Purchased IT Equipment Informa...
AI summary The document presents a detailed breakdown of financial expenditures related to the Demand-Side Management (DSM) Fund for the year ended December 31, 2021, categorized under various GL accounts and financial statement groupings such as Information Technology, Advertising & Marketing, and others.
507 1,178 EfficiencyOne Statement of Operations & Changes in Fund Balance - Details by GL Account - Demand-Side Management (DSM) Fund For the Year Ended December 31, 2021 In Thousands GL Account GL Account Description Financial Statement G...
AI summary The document provides a detailed breakdown of the Demand-Side Management (DSM) Fund's Statement of Operations and Changes in Fund Balance for the year ended December 31, 2021, categorized by GL account and expense type.
Statement of Financial Position - Details by GL Account - Demand-Side Management (DSM) Fund As at December 31, 2021 GL Account GL Account Description Financial Statement Grouping GL Balance Assets 1070 BMO - DSM Account Cash 9,242 1095 TD...
AI summary The document presents a Statement of Financial Position for the Demand-Side Management (DSM) Fund as of December 31, 2021, detailing various GL accounts, including cash, accounts receivable, and loan receivables, with a total asset value of $20,153.