| · Balance Sheet: Page 1 |
| o | Decrease in fund balance for this month is $(309,600) which results in an overall decrease for the fiscal year of $(2,601,517). | |
| o | Consultant Fees credit balance remains at $1,798. | |
| o | Corporate Obligations (CD’s) | |
| · Purchases $500,000 |
| o | Government Obligations | |
| · Pay downs of $1,852 |
| · Balance Sheets (Comparison): Page 2 |
| o | Comparison for the year - Fund balance this month is $8,236,395 compared to $10,844,420 a year ago. Overall assets for this fiscal year total $8,692,584 compared to $12,228,420 a year ago. | |
| · Statement of Operations and Fund Balance: Page 3 |
| o | Paid $2,209 for Wellness program expenses for the month. | |
| o | Paid $1,108 for quarterly bank fees. | |
| o | Paid $4,164 for quarterly investment fees. | |
| o | Paid $1,444 for ongoing legal fees to Stoel Rives for December Services. | |
| o | Paid $10 for Office Supplies. | |
| · Statement of Operations and Fund Balance (Comparison): Page 4 |
| o | HMA claims for the month: $281,447 | |
| o | ESI claims for the month: $0.00 | |
| · The Trust received one refund check from Sun Life this month in the amount of $94,815.72. | ||
| · The Trust received a reimbursement check from Everett Public Schools this month in the amount of $21,458.43 for money collected from the IRS to subsidize Cobra payments made by the Trust over the last year. | ||
| · I have started the process of offsetting the IBNR liability against the HMA and ESI claims. For the month of February the offset is $281,447 for HMA claims. |