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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:      (February)     
8 Employer Contributions     $ 1,589,745 $ 11,285,787    
9 Employee Contributions      219,239   1,748,150    
10 Investment Earnings       (8,192)  49,157    
11 Net Appreciation (Depreciation) of market value      51,575   280,268    
12       _  _   
13 Total Revenues      1,852,368   13,363,362    
14       _  _   
15 COST OF BENEFITS PROVIDED:             
16 HMA Premium      24,732   195,265    
17 HMA Claims      249,501   4,702,103    
18 SunLife      27,808   188,028    
19 Other Benefits      0   (553)   
20 ESI Prescriptions Paid      194,154   1,254,678    
21 Pacific Care Premium      356,751   2,580,840    
22 Group Health Premium      296,704   2,154,033     
23 Washington Dental Service Premium       141,401   1,102,507     
24 Williamette Dental      28,563   230,292    
25 Metropolitan Life ($50M) Premium      11,031   88,504    
26 Metropolitan Life (VOL) Premium       14,773   116,821    
27 Standard Insurance      36,558   293,495    
28 UNUM LTC      670   5,356    
29 Free & Clear      0   1,637    
30 Magellan Behavior      0   28,164    
31 Carena      450   4,383    
32 Sound Health Solutions      0   35,063    
33 Wellsource Health Solutions      0   59,085    
34       _  _   
35  Cost of Benefits Provided     1,383,095   13,039,700    
36       _  _   
37 Excess (Deficiency) of Revenues over Cost of Benefits       469,273   323,662    
38        _  _   
39 ADMINISTRATIVE EXPENSES:            
40 Administration      1,603   13,338    
41 Wellness Coordinator Salary      8,061   62,934    
42 Wellness Program Expenses      590   32,580    
43 Audit Fee      0   8,950    
44 Regulatory Fees      0   4,150    
45 Bank Fees      1,661   2,409    
46 Investment Fees      7,916   18,436    
47 Legal Fees      0   44,039    
48 Liability Insurance      0   9,150     
49 Misc. Expense       33   240     
50 Office & Printing      0   544     
51 Consultant Fee      0   0    
52 Investment Consultant Fee      0   13,125    
53 Trustee Expense      0   0    
54       _  _   
55  Total Administrative Expenses     19,864   209,895    
56       _  _   
57 Excess(Deficiency) of Revenue Over Expenses      449,409   113,768    
58 Adjusted Fund Balance 2/01/10      12,749,821   13,085,462    
59       _  _   
60 Fund Balance 2/28/2010     $ 13,199,230 $ 13,199,230    
61       =  =   
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