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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:      (January)     
8 Employer Contributions     $ 1,391,606 $ 9,696,042    
9 Employee Contributions      225,056   1,528,910    
10 Investment Earnings       5,695   57,349    
11 Net Appreciation (Depreciation) of market value      72,643   228,693    
12       _  _   
13 Total Revenues      1,695,000   11,510,994    
14       _  _   
15 COST OF BENEFITS PROVIDED:             
16 HMA Premium      24,730   170,533    
17 HMA Claims      880,068   4,452,602    
18 SunLife      27,696   160,220    
19 Other Benefits      0   (553)   
20 ESI Prescriptions Paid      186,076   1,060,523    
21 Pacific Care Premium      356,650   2,224,088    
22 Group Health Premium      295,488   1,857,329     
23 Washington Dental Service Premium       140,857   961,106     
24 Williamette Dental      28,416   201,729    
25 Metropolitan Life ($50M) Premium      11,031   77,474    
26 Metropolitan Life (VOL) Premium       14,434   102,049    
27 Standard Insurance      36,558   256,937    
28 UNUM LTC      670   4,687    
29 Free & Clear      1,637   1,637    
30 Magellan Behavior      14,082   28,164    
31 Carena      2,109   3,933    
32 Sound Health Solutions      1,063   35,063    
33 Wellsource Health Solutions      9,000   59,085    
34       _  _   
35  Cost of Benefits Provided     2,030,565   11,656,605    
36       _  _   
37 Excess (Deficiency) of Revenues over Cost of Benefits       (335,565)  (145,610)   
38        _  _   
39 ADMINISTRATIVE EXPENSES:            
40 Administration      1,440   11,735    
41 Wellness Coordinator Salary      8,091   54,873    
42 Wellness Program Expenses      2,762   31,990    
43 Audit Fee      0   8,950    
44 Regulatory Fees      2,075   4,150    
45 Bank Fees      5   748    
46 Investment Fees      0   10,520    
47 Legal Fees      5,915   44,039    
48 Liability Insurance      8,700   9,150     
49 Misc. Expense       42   207     
50 Office & Printing      22   544     
51 Consultant Fee      0   0    
52 Investment Consultant Fee      0   13,125    
53 Trustee Expense      0   0    
54       _  _   
55  Total Administrative Expenses     29,052   190,031    
56       _  _   
57 Excess(Deficiency) of Revenue Over Expenses      (364,617)  (335,641)   
58 Adjusted Fund Balance 1/01/10      13,114,438   13,085,462    
59       _  _   
60 Fund Balance 1/31/2010     $ 12,749,821 $ 12,749,821    
61       =  =   
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