Topic:"Incentive Costs" in M09689

STATEMENT OF OPERATIONS AND CHANGES IN FUND BALANCES As Previously Stated Restated Total All Commitment Other Funds Fund Adjustment 2018 DIRECT COSTS Incentives $ 33,567 $ 4,080 $ (4,080) $ 33,567 TOTAL COSTS 50,079 4,080 (4,080) 50,079 NE...

AI summary The document presents a restated statement of operations and changes in fund balances, highlighting adjustments to incentive costs and fund balances for the year ended December 31, 2019. The restatement includes adjustments impacting the total costs and surplus/deficit calculations.

Expense recognition The Corporation recognizes incentive costs, such as customer rebates, when energy savings are recognized. Energy savings are recognized at milestones within a contract or when the contract is complete. For other busines...

AI summary The Corporation recognizes incentive costs, such as customer rebates, when energy savings are recognized at milestones or upon contract completion. Other business expenses are recorded as incurred.

NON-CONFIDENTIAL 1 Request IR-01: 24 Commitment Fund, have no associated energy savings to be recognized at the time of the 25 commitment and therefore recognition of incentive costs and corresponding revenue in the 26 financial statements...

AI summary The text discusses the recognition of incentive costs and associated revenue in financial statements, stating that no energy savings are recognized at the time of commitment, making such recognition inappropriate.

Statement of Operations & Changes in Fund Balance - Details by GL Account - Demand-Side Management (DSM) Fund For the Year Ended December 31, 2019 GL Account GL Account Description Financial Statement Grouping GL Balance Direct Expense of...

AI summary The document presents 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, 2019, including revenue, incentives, evaluation, program support, and bad debt expenses.