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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:      (March)     
8 Employer Contributions     $ 1,607,668 $ 12,893,456    
9 Employee Contributions      10,187   1,758,337    
10 Investment Earnings       (6,995)  42,162    
11 Net Appreciation (Depreciation) of market value      8,216   288,485    
12       _  _   
13 Total Revenues      1,619,077   14,982,439    
14       _  _   
15 COST OF BENEFITS PROVIDED:             
16 HMA Premium      24,886   220,151    
17 HMA Claims      676,250   5,378,353    
18 SunLife      (186,854)  1,174    
19 Other Benefits      0   (553)   
20 ESI Prescriptions Paid      187,380   1,442,058    
21 Pacific Care Premium      355,740   2,936,580    
22 Group Health Premium      298,432   2,452,465     
23 Washington Dental Service Premium       140,494   1,243,001     
24 Williamette Dental      28,563   258,854    
25 Metropolitan Life ($50M) Premium      11,044   99,548    
26 Metropolitan Life (VOL) Premium       15,099   131,921    
27 Standard Insurance      36,600   330,095    
28 UNUM LTC      670   6,026    
29 Free & Clear      0   1,637    
30 Magellan Behavior      0   28,164    
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     1,588,303   14,628,003    
36       _  _   
37 Excess (Deficiency) of Revenues over Cost of Benefits       30,775   354,437    
38        _  _   
39 ADMINISTRATIVE EXPENSES:            
40 Administration      1,629   14,967    
41 Wellness Coordinator Salary      8,059   70,992    
42 Wellness Program Expenses      4,455   37,035    
43 Audit Fee      0   8,950    
44 Regulatory Fees      0   4,150    
45 Bank Fees      40   2,449    
46 Investment Fees      0   18,436    
47 Legal Fees      6,427   50,466    
48 Liability Insurance      0   9,150     
49 Misc. Expense       33   273     
50 Office & Printing      0   544     
51 Consultant Fee      0   0    
52 Investment Consultant Fee      4,375   17,500    
53 Trustee Expense      0   0    
54       _  _   
55  Total Administrative Expenses     25,017   234,912    
56       _  _   
57 Excess(Deficiency) of Revenue Over Expenses      5,758   119,525    
58 Adjusted Fund Balance 3/01/10      12,749,821   13,085,462    
59       _  _   
60 Fund Balance 3/31/2010     $ 12,755,579 $ 13,204,987    
61       =  =   
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