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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:      (August)     
8 Employer Contributions     $ 1,378,968 $ 2,757,649    
9 Employee Contributions      219,965   440,067    
10 Investment Earnings       45,628   114,574    
11 Net Appreciation (Depreciation) of market value      54,521   16,191    
12       _  _   
13 Total Revenues      1,699,082   3,328,481    
14       _  _   
15 COST OF BENEFITS PROVIDED:            
16 HMA Premium      24,508   49,093    
17 HMA Claims      596,250   1,073,760    
18 SunLife      21,950   43,938    
19 ESI Prescriptions Paid      131,582   301,864    
20 Pacific Care Premium      315,082   628,142    
21 Group Health Premium      262,593   526,362     
22 Washington Dental Service Premium       133,668   267,766     
23 Williamette Dental      28,915   58,046    
24 Metropolitan Life ($50M) Premium      11,135   22,315    
25 Metropolitan Life (VOL) Premium       14,546   29,108    
26 Standard Insurance      36,969   74,103    
27 UNUM LTC      670   1,339    
28 Free & Clear      0   0    
29 Magellan Behavior      0   0    
30 Carena      0   0    
31 Sound Health Solutions      0   7,438    
32 Wellsource Health Solutions      0   50,085    
33       _  _   
34  Cost of Benefits Provided     1,577,869   3,133,357    
35       _  _   
36 Excess (Deficiency) of Revenues over Cost of Benefits       121,213   195,123    
37        _  _   
38 ADMINISTRATIVE EXPENSES:            
39 Administration      1,463   2,997    
40 Wellness Coordinator Salary      7,492   15,005    
41 Wellness Program Expenses      100   787    
42 Audit Fee      0   0    
43 Regulatory Fees      0   2,075    
44 Bank Fees      95   95    
45 Legal Fees      0   11,253    
46 Liability Insurance      0   0     
47 Misc. Expense       33   66     
48 Office & Printing      0   0     
49 Consultant Fee      0   0    
50 Investment Consultant Fee      0   4,375    
51 Trustee Expense      0   0    
52       _  _   
53  Total Administrative Expenses     9,183   36,653    
54       _  _   
55 Excess(Deficiency) of Revenue Over Expenses      112,031   158,471    
56 Adjusted Fund Balance 8/01/09      13,348,902   13,302,462    
57       _  _   
58 Fund Balance 8/31/2009     $ 13,460,933 $ 13,460,933    
59       =  =   
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