GRITS Guide (Green Revolving Fund Mode)

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Adjust for Yearly Savings/Price Changes

Annual Tracking Data table

This ledger tracks year-to-year financial and resource savings for the entire lifespan of the project. Based on the data input above and the details from the Settings page, GRITS projects annual financial savings, annual monetary payback to the GRF, cumulative payback to the GRF, and money that is still owed back to the GRF at the end of each year. If at any time the price of the resource or the amount of the resource saved in a year changes, you are able to indicate that by clicking on the fiscal year row in which that change occurs. Simply edit the price or resource savings for the given year and the page will auto-save the new numbers. This is especially useful if you are using sub-metered data. If you would like to update the resource price across numerous projects, please contact us at support@gogrits.org and we can facilitate a bulk update.

All units of energy will convert to the default unit that you chose on the Settings page (GJ, MMBTU, or kWh). This is also the case for water and waste units. To change the units you see in this table for an individual project (as opposed to changing your account-wide defaults on the Settings page), use the Custom Settings sub-tab on this page. Read the following section (“Change Resource Units”) for more information.

If you indicate that the project is saving multiple resources, the resource price presented in the table will be a combination of all similar resources (i.e. electricity and steam both represent energy savings, thus a single combined energy price will be displayed). If the combined resource savings amount to zero (i.e. saving 50MMBTU of coal and initiating the use of -50MMBTU of natural gas), neither the resource price nor resource saved columns will appear in the table.

The numbers in the “Annual Payback into GRF” column will either be the same as the Annual Financial Savings, or they will be a percentage of the Annual Financial Savings, depending on the number you have entered in “% of savings paid before Adjusted Project Cost repaid” on the Settings page.

The “Money Owed Back to GRF” column decreases over time as the savings are expected to accumulate to the fund. The number at the top of this column is the Project Cost multiplied by the “Amount of project cost repaid” percentage from the Settings page. This is the amount of money in savings you plan to pay back to the GRF, and it might be larger than the original project cost, depending on what you filled in on the Settings page.  This is further explained in the “Adjusted project cost to be repaid” definition. The numbers in this column show you how much money still needs to be paid back to the GRF at the end of each fiscal year.

GRITS Sign-in Page
The Annual Tracking Data table on the Project Detail page shows year-to-year resource and financial savings
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