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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:      (November)     
8 Employer Contributions     $ 1,384,680 $ 6,914,909    
9 Employee Contributions      214,890   1,087,081    
10 Investment Earnings       (4,953)  57,040    
11 Net Appreciation (Depreciation) of market value      115,372   220,918    
12       _  _   
13 Total Revenues      1,709,989   8,279,948    
14       _  _   
15 COST OF BENEFITS PROVIDED:            
16 HMA Premium      24,050   121,676    
17 HMA Claims      523,294   3,071,507    
18 SunLife      21,874   109,752    
19 ESI Prescriptions Paid      128,536   747,057    
20 Pacific Care Premium      307,397   1,559,636    
21 Group Health Premium      260,633   1,305,127     
22 Washington Dental Service Premium       139,315   680,480     
23 Williamette Dental      28,928   144,821    
24 Metropolitan Life ($50M) Premium      11,057   55,432    
25 Metropolitan Life (VOL) Premium       14,605   72,932    
26 Standard Insurance      36,579   183,902    
27 UNUM LTC      670   3,348    
28 Free & Clear      0   0    
29 Magellan Behavior      0   14,082    
30 Carena      1,824   1,824    
31 Sound Health Solutions      2,125   32,938    
32 Wellsource Health Solutions      0   50,085    
33       _  _   
34  Cost of Benefits Provided     1,500,887   8,154,598    
35       _  _   
36 Excess (Deficiency) of Revenues over Cost of Benefits       209,102   125,350    
37        _  _   
38 ADMINISTRATIVE EXPENSES:            
39 Administration      1,440   8,855    
40 Wellness Coordinator Salary      8,104   38,691    
41 Wellness Program Expenses      4,263   26,406    
42 Audit Fee      3,475   8,950    
43 Regulatory Fees      0   2,075    
44 Bank Fees      709   709    
45 Investment Fees      7,976   10,520    
46 Legal Fees      5,550   29,277    
47 Liability Insurance      450   450     
48 Misc. Expense       33   132     
49 Office & Printing      44   65     
50 Consultant Fee      0   0    
51 Investment Consultant Fee      0   8,750    
52 Trustee Expense      0   0    
53       _  _   
54  Total Administrative Expenses     32,044   134,880    
55       _  _   
56 Excess(Deficiency) of Revenue Over Expenses      177,058   (9,530)   
57 Adjusted Fund Balance 11/01/09      13,115,874   13,302,462    
58       _  _   
59 Fund Balance 11/30/2009     $ 13,292,932 $ 13,292,932    
60       =  =   
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