Stewardship Ontario
  • Title:
  • Annual True Up Information Webinar
  • Date:
  • April 9, 2013
  • Time:
  • 10:00 a.m.
  • Location:
  • Webinar
Event Details

RECAP:

With the introduction of Ontario Regulation 11/12 in February 2012, Stewardship Ontario was directed to change the methodology for charging fees to MHSW stewards. As a result, we were no longer able to publish an annual fee schedule, but were required to recover actual costs incurred in a quarter on a relative basis using sales data as the method for calculating each stewards’ share assessment (SSA). This resulted in quarterly invoices being affected by quarterly variations in steward sales and Stewardship Ontario cost cycles, which are affected by seasonal fluctuations in the MHSW supply chain. These cycles could result in SSA’s in any given quarter being disproportionately high for some and disproportionately low for others. To address this issue, the MHSW Rules for stewards state that Stewardship Ontario can perform an annual true up of steward accounts.

THE TRUE UP:

The true up recalculates stewards’ fees based on the total of all four quarters and applies credits or debits as necessary to ensure that on an annual basis each steward pays their proportionate share of costs regardless of the relationship between their quarterly sales curve and the program’s quarterly costs. In other words, the process reconciles initial fee calculations that result from the fluctuating sales and cost cycles.

The annual true up process is expected to affect the majority of MHSW stewards. Some stewards may be eligible for a credit, while some may be invoiced for additional fees owed.

The information webinar will:

  • - Explain how the fluctuating sales and cost cycles affect the SSA throughout the year
  • - Provide information on how the true up is calculated
  • - Provide timing details on when invoices and credits will be issued