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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:      (May)     
8 Employer Contributions     $ 1,392,787 $ 15,680,141    
9 Employee Contributions      226,114   2,206,458    
10 Investment Earnings       (9,382)  24,150    
11 Net Appreciation (Depreciation) of market value      68,044   424,655    
12       _  _   
13 Total Revenues      1,677,563   18,335,405    
14       _  _   
15 COST OF BENEFITS PROVIDED:             
16 HMA Premium      24,782   269,741    
17 HMA Claims      627,004   6,610,551    
18 SunLife      27,865   (1,391)   
19 Other Benefits      0   (553)   
20 ESI Prescriptions Paid      195,759   1,922,036    
21 Pacific Care Premium      358,572   3,648,717    
22 Group Health Premium      296,352   3,046,897     
23 Washington Dental Service Premium       142,399   1,527,164     
24 Williamette Dental      28,124   314,884    
25 Metropolitan Life ($50M) Premium      11,024   121,609    
26 Metropolitan Life (VOL) Premium       15,403   162,496    
27 Standard Insurance      36,620   403,314    
28 UNUM LTC      670   7,365    
29 Free & Clear      0   1,637    
30 Magellan Behavior      0   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     1,764,574   18,175,243    
36       _  _   
37 Excess (Deficiency) of Revenues over Cost of Benefits       (87,011)  160,162    
38        _  _   
39 ADMINISTRATIVE EXPENSES:            
40 Administration      1,629   18,226    
41 Wellness Coordinator Salary      8,072   87,131    
42 Wellness Program Expenses      3,988   44,510    
43 Audit Fee      0   8,950    
44 Regulatory Fees      0   4,150    
45 Bank Fees      0   2,449    
46 Investment Fees      (1,934)  16,502    
47 Legal Fees      786   53,959    
48 Liability Insurance      0   9,150     
49 Misc. Expense       66   339     
50 Office & Printing      0   686     
51 Consultant Fee      0   0    
52 Investment Consultant Fee      0   17,500    
53 Trustee Expense      0   0    
54       _  _   
55  Total Administrative Expenses     12,605   263,551    
56       _  _   
57 Excess(Deficiency) of Revenue Over Expenses      (99,616)  (103,390)   
58 Adjusted Fund Balance 5/01/10      13,081,688   13,085,462    
59       _  _   
60 Fund Balance 5/31/2010     $ 12,982,072 $ 12,982,072    
61       =  =   
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