E-1Financial Statements - Redacted
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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 Program support 633 63 564 1,260 3,693 44,2...
AI summary This consolidated statement of operations for Efficiency Nova Scotia outlines program support and administrative costs, including amortization, bad debts, information technology, marketing, meetings, office expenses, professional fees, rent, salaries, training, and incentives for the years 2024 and 2025.
Other Revenue Effective April 1, 2022, the Corporation entered into a five-year contribution agreement with Natural Resources Canada to execute the Canada Greener Homes Grant Program. Effective April 1, 2023, the agreement was amended to i...
AI summary The Corporation signed a five-year agreement with Natural Resources Canada in 2022 for the Canada Greener Homes Grant Program, which was amended in 2023 to include the Oil to Heat-pump Affordability Program. Total funding is $233,926, with $110,905 recognized as revenue in the current year.
Program Basis of Estimate Home Energy Assessment Number of eligible homes anticipated to complete the program at the historical average rebate rate plus final audit costs to be paid to Delivery Agents. Oil to Heat Pump Affordability Number...
AI summary The document outlines various energy efficiency programs and their basis of estimate, including rebate rates, customer qualifications, and audit costs. It provides details on programs such as Home Energy Assessment, Oil to Heat Pump Affordability, and Mi'kmaw Home Energy Efficiency, among others.
The Corporation has multi-year fee-for-service agreements in place with NS Power, the Province of Nova Scotia and Natural Resources Canada which will enable the Corporation to meet these future commitments.
AI summary The Corporation has established long-term fee-for-service agreements with NS Power, the Province of Nova Scotia, and Natural Resources Canada to support its future commitments.
General Index of Financial Information Notes to the financial statements Statement of Financial Position date are reflected as short-term investments. 2. SIGNIFICANT ACCOUNTING POLICIES (continued) Capital assets Capital assets are initial...
AI summary The document outlines significant accounting policies, capital asset amortization rates, and revenue from various agreements, including a three-year demand-side management agreement with NS Power and multiple provincial pilot programs. It includes details on financial estimates and assumptions, as well as contractual rights and revenue sources.
Other Revenue Effective April 1, 2022, the Corporation entered into a five-year contribution agreement with Natural Resources Canada to execute the Canada Greener Homes Grant Program. Effective April 1, 2023, the agreement was amended to i...
AI summary The Corporation has entered into a contribution agreement with Natural Resources Canada for the Canada Greener Homes Grant Program and the Oil to Heat-pump Affordability Program, with $79,051 recognized as revenue in 2023. Additional revenue sources include fee-for-service and other revenue, with investments in guaranteed investment certificates and pooled funds managed under HCi3's investment policy.
On March 24, 2023, the Organization entered into a funding agreement with the Province of Nova Scotia, where the Organization received $6,500,000 in endowment contributions, and $1,000,0000 in funding to provide grants in accordance with t...
AI summary The Organization received multiple grant funds in 2023 and 2024, including contributions from the Province of Nova Scotia, Halifax Regional Municipality, Trottier Family Foundation, and RBC, to support climate and energy initiatives. A portion of these funds was recognized as revenue in the current year.