B-2-(a)Town of Berwick Financial Statements - March 31, 2010
7 passages
Consolidated Statement of Financial Activities 2010 Budget 2010 Actual 2009 Actual (Restated) Revenue Taxation $ 2,677,200 $ 2,694,926 $ 2,622,511 Less: School Board requisition (414,300) (414,326) (399,975) 2,262,900 2,280,600 2,222,536 G...
AI summary This consolidated statement of financial activities outlines the revenue and expenditures for the years 2010 and 2009, including taxation, grants, and various service expenditures. It provides a detailed breakdown of financial flows and the annual surplus for the respective years.
Remuneration 2010 2009 Council members J. Prall (Mayor) $ 14,554 $ 14,301 D. Clarke 6,390 6,441 M. Trinacty 6,037 5,789 G. Whittier 6,037 5,789 A. Morton 6,202 5,789 B. Easson - 1,087 R. Horsburgh - 3,536 A. Morse 6,037 2,299 M. Woodworth...
AI summary The document provides remuneration details for council members and operational financial data for 2010 and 2009, including revenue, expenditures, and profits. It outlines salaries, revenue from various services, and financial performance metrics.
Financial Instruments The financial instruments consist of cash, accounts receivables, accounts payables, accrued liabilities, short term borrowings and long term debt. Unless otherwise noted, it is managements's opinion that the Town is n...
AI summary The financial instruments include cash, accounts receivables, and debt. Management believes the Town is not significantly exposed to interest, currency, or credit risks from these instruments, and their fair value approximates carrying value.
3. Taxes receivable Current Year Prior Year 2010 2009 Balance, beginning of year $ - $ 62,927 $ 62,927 $ 62,927 Add (Deduct): Current year's tax levy 2,694,926 - 2,694,926 2,622,511 (2,612,876) Current year collections (2,674,875) (31,835)...
AI summary This section provides a summary of taxes receivable and valuation allowance for different years, including beginning balances, tax levies, collections, and ending balances. It outlines financial data for the years 2010, 2009, and prior years.
7. Fund Balances 2010 2009 General operating fund $ 125,268 $ 142,832 Capital reserve fund 391,381 266,762 Operating reserve fund 50,403 72,603 Open Space reserve fund 26,457 14,382 Electric operating fund 444,304 496,367 PCB Disposal rese...
AI summary The document presents fund balances for various funds in 2010 and 2009, including the General Operating Fund, Capital Reserve Fund, and others. Balances show changes over the two years, with some funds increasing and others decreasing.
9. Operating Surplus 2010 2009 Balance, beginning of year $ 142,833 $ 137,965 Add (Deduct): Operating surplus (17,565) 16,268 Transfer to operations - (11,400) Balance, end of year $ 125,268 $ 142,833 10. Deferred Charges - Landfill Closure
AI summary This section provides a summary of the operating surplus for the years 2010 and 2009, including the beginning and ending balances, as well as the operating surplus and transfers to operations. It also introduces a section on deferred charges related to landfill closure.
Town of Berwick Schedule of Capital Debt Charges and Term Debt March 31, 2010 Balance April 1 Due 2009 Issue Redeemed Balance March 31 2010 Interest Interest Rate Debenture - Nova Scotia Municipal Finance Corporation 2009 9,900 - 9,900 - 4...
AI summary The document provides a detailed schedule of capital debt charges and term debt for the Town of Berwick as of March 31, 2010, listing various debentures issued by the Nova Scotia Municipal Finance Corporation, including their balances, interest rates, and redemption details.
05848Board Order
5 passages
Interim approval of schedule - 69 (1) When a public utility has submitted for the approval of the Board a schedule of rates, tolls and charges, or a proposed change in any existing schedule of rates, tolls and charges, which, in the opinio...
AI summary The document outlines the process for interim approval of a utility's rate schedule by the Board, including conditions and requirements for such approval. It also includes an order approving a revised schedule of rates with new optional time-of-use and peak coincidence rates, effective December 1, 2010, and mandates the utility to perform a cost-benefit analysis and gather customer feedback.
SCHEDULE OF RATES FOR ELECTRIC SUPPLY & SERVICES (Effective for services rendered on and after December 1, 2010) The rates set out below are the rates for electric supply and service when payment is made within 30 days from the date render...
AI summary The document outlines the schedule of rates for electric supply and services, including late payment interest rates and a formula for adjusting municipal rate classes based on increased power purchase costs. The Nova Scotia Utility and Review Board (UARB) may amend rates without a public hearing, using a specific calculation method.
DOMESTIC SERVICE TIME-OF-DAY RATE (OPTIONAL) BASE CHARGE: $22.29 per month.
AI summary The document outlines the base charge for the Domestic Service Time-of-Day Rate, which is set at $22.29 per month. This rate is optional and may be used to reflect varying pricing during different times of the day.
December, January and February 7:00 am to 1:00 pm 1:00 pm to 4:00 pm 4:00 pm to 10:00 pm 10:00 pm to 7:00 am $0.2182 per kilowatt hour $0.1007 per kilowatt hour $0.2182 per kilowatt hour $0.0595 per kilowatt hour The above rates apply week...
AI summary The document outlines electricity rates for different time periods, specifying varying rates for weekdays and weekends/holidays. Weekday rates range from $0.0595 to $0.2182 per kilowatt hour, while weekends and holidays are billed at a flat rate of $0.0595 per kilowatt hour.
March to November 7:00 am to 10:00 pm 10:00 pm to 7:00 am $0.1007 per kilowatt hour $0.0595 pei kilowatt hour The above rates apply weekdays (Monday through Friday inclusive), excluding statutory holidays. For Saturdays, Sundays and statut...
AI summary The document outlines electricity rates for weekdays and weekends, including a DSM Rider and a 2010 FAM adjustment. Weekday rates are higher than weekend and holiday rates, with a DSM Rider and a negative FAM adjustment applied to all consumption.
05848Board Order
7 passages
IN THE MATTER OF THE PUBLIC UTILITIES ACT - and - IN THE MATTER OF THE APPLICATION by the TOWN OF BERWICK, on behalf of its ELECTRIC COr,,1r,,1ISSION, for approval of an amendment to its Schedule of Rates for Electric Supply and Services B...
AI summary This proceeding involves the Town of Berwick's application to amend its Schedule of Rates for Electric Supply and Services under the Public Utilities Act. The application is being considered by Member Kulvinder S. Dhillon.
ORDER WHEREAS the Town of Berwick (the "Town"), on behalf of its Electric Commission (the "Utility"), made an Application on November 3, 2010, to the Nova Scotia Utility and Review Board (the "Board") for approval of an amendment to its Sc...
AI summary The Town of Berwick applied to the Nova Scotia Utility and Review Board for approval to amend its electric supply rates to offer optional time-of-use and peak coincidence rates to commercial customers. The Board reviewed the application and responses to information requests and found no increase in current rates. The application was approved as an ex parte under section 69 of the Public Utilities Act.
Interim approval of schedule - 69 (1) When a public utility has submitted for the approval of the Board a schedule of rates, tolls and charges, or a proposed change in any existing schedule of rates, tolls and charges, which, in the opinio...
AI summary The document outlines the process for interim approval of a public utility's schedule of rates, tolls, and charges. It allows the Board to grant interim approval, with or without modification, and specifies that the existing schedule, as amended, remains the only lawful rates until final approval or disapproval. The Utility is directed to perform a cost-benefit analysis, analyze the implementation of new rates, and maintain customer feedback.
SCHEDULE OF RATES FOR ELECTRIC SUPPLY & SERVICES (Effective for services rendered on and after December 1, 2010) The rates set out below are the rates for electric supply and service when payment is made within 30 days from the date render...
AI summary The document outlines the schedule of rates for electric supply and services effective from December 1, 2010, including late payment interest rates. It also discusses the formula used to amend rates for various service classes based on increased costs from NSPI, as notified by the Berwick Electric Commission to the Board.
DOMESTIC SERVICE TIME-OF-DAY RATE (OPTIONAL) BASE CHARGE: $22.29 per month.
AI summary The document outlines the base charge for the Domestic Service Time-of-Day Rate, which is set at $22.29 per month. This rate is optional and represents a component of the electricity pricing structure.
December, January and February 7:00 am to 1:00 pm 1:00 pm to 4:00 pm 4:00 pm to 10:00 pm 10:00 pm to 7:00 am $0.2182 per kilowatt hour $0.1007 per kilowatt hour $0.2182 per kilowatt hour $0.0595 per kilowatt hour The above rates apply week...
AI summary The document outlines time-of-use electricity rates for different periods of the day, with varying rates for weekdays and weekends/holidays. Weekday rates are higher during peak hours and lower during off-peak hours, while weekends and holidays are billed at a flat rate.
March to November 7:00 am to 10:00 pm 10:00 pm to 7:00 am $0.1007 per kilowatt hour $0.0595 pei kilowatt hour The above rates apply weekdays (Monday through Friday inclusive), excluding statutory holidays. For Saturdays, Sundays and statut...
AI summary The document outlines electricity rates for weekdays and weekends, including a DSM Rider and a 2010 FAM adjustment. Weekday rates are higher than weekend and holiday rates, with specific charges per kilowatt-hour applied across all consumption.