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1 EVERETT SCHOOL EMPLOYEE BENEFIT TRUST 
2 STATEMENT OF OPERATIONS AND FUND BALANCE 
3 For the Year Ended June 30, 2010 
4            
5            
6       Current Month  2009-2010   
7 REVENUES:      (April)     
8 Employer Contributions     $ 1,611,558 $ 14,505,014    
9 Employee Contributions      4,347   1,762,684    
10 Investment Earnings       (8,630)  33,532    
11 Net Appreciation (Depreciation) of market value      68,127   356,611    
12       _  _   
13 Total Revenues      1,675,402   16,657,842    
14       _  _   
15 COST OF BENEFITS PROVIDED:             
16 HMA Premium      24,808   244,959    
17 HMA Claims      605,194   5,983,547    
18 SunLife      (30,430)  (29,256)   
19 Other Benefits      0   (553)   
20 ESI Prescriptions Paid      284,219   1,726,277    
21 Pacific Care Premium      353,566   3,290,146    
22 Group Health Premium      298,080   2,750,545     
23 Washington Dental Service Premium       141,764   1,384,765     
24 Williamette Dental      27,905   286,759    
25 Metropolitan Life ($50M) Premium      11,037   110,585    
26 Metropolitan Life (VOL) Premium       15,172   147,092    
27 Standard Insurance      36,600   366,694    
28 UNUM LTC      670   6,695    
29 Free & Clear      0   1,637    
30 Magellan Behavior      14,082   42,246    
31 Carena      0   4,383    
32 Sound Health Solutions      0   35,063    
33 Wellsource Health Solutions      0   59,085    
34       _  _   
35  Cost of Benefits Provided     1,782,667   16,410,669    
36       _  _   
37 Excess (Deficiency) of Revenues over Cost of Benefits       (107,264)  247,172    
38        _  _   
39 ADMINISTRATIVE EXPENSES:            
40 Administration      1,629   16,597    
41 Wellness Coordinator Salary      8,067   79,060    
42 Wellness Program Expenses      3,488   40,522    
43 Audit Fee      0   8,950    
44 Regulatory Fees      0   4,150    
45 Bank Fees      0   2,449    
46 Investment Fees      0   18,436    
47 Legal Fees      2,708   53,174    
48 Liability Insurance      0   9,150     
49 Misc. Expense       0   273     
50 Office & Printing      142   686     
51 Consultant Fee      0   0    
52 Investment Consultant Fee      0   17,500    
53 Trustee Expense      0   0    
54       _  _   
55  Total Administrative Expenses     16,034   250,946    
56       _  _   
57 Excess(Deficiency) of Revenue Over Expenses      (123,299)  (3,774)   
58 Adjusted Fund Balance 4/01/10      13,204,987   13,085,462    
59       _  _   
60 Fund Balance 4/30/2010     $ 13,081,688 $ 13,081,688    
61       =  =   
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