Topic:"Financing Alternatives" in M10563

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.

7. BANK INDEBTEDNESS The Corporation has an operating demand loan of credit available in the amount of $7,500 bearing interest at the bank prime rate, payable monthly. At year end, the Corporation had no draws against the line of credit (2...

AI summary The Corporation has a $7,500 demand loan available at the bank prime rate, secured by a general security agreement. No draws were made against the line of credit at year-end, and this was also the case in 2020.