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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:      (October)     
8 Employer Contributions     $ 1,388,348 $ 5,530,230    
9 Employee Contributions      215,385   872,190    
10 Investment Earnings       (9,880)  61,993    
11 Net Appreciation (Depreciation) of market value      51,354   105,546    
12       _  _   
13 Total Revenues      1,645,208   6,569,959    
14       _  _   
15 COST OF BENEFITS PROVIDED:            
16 HMA Premium      23,974   97,626    
17 HMA Claims      613,558   2,548,213    
18 SunLife      21,792   87,878    
19 ESI Prescriptions Paid      183,395   618,521    
20 Pacific Care Premium      309,824   1,252,239    
21 Group Health Premium      257,890   1,044,493     
22 Washington Dental Service Premium       139,730   541,165     
23 Williamette Dental      29,147   115,893    
24 Metropolitan Life ($50M) Premium      11,024   44,376    
25 Metropolitan Life (VOL) Premium       14,514   58,327    
26 Standard Insurance      36,558   147,323    
27 UNUM LTC      670   2,678    
28 Free & Clear      0   0    
29 Magellan Behavior      0   14,082    
30 Carena      0   0    
31 Sound Health Solutions      5,313   30,813    
32 Wellsource Health Solutions      0   50,085    
33       _  _   
34  Cost of Benefits Provided     1,647,388   6,653,711    
35       _  _   
36 Excess (Deficiency) of Revenues over Cost of Benefits       (2,180)  (83,752)   
37        _  _   
38 ADMINISTRATIVE EXPENSES:            
39 Administration      1,441   7,415    
40 Wellness Coordinator Salary      8,104   30,587    
41 Wellness Program Expenses      18,810   22,143    
42 Audit Fee      3,475   5,475    
43 Regulatory Fees      0   2,075    
44 Bank Fees      0   0    
45 Investment Fees      2,544   2,544    
46 Legal Fees      9,120   23,727    
47 Liability Insurance      0   0     
48 Misc. Expense       33   99     
49 Office & Printing      0   21     
50 Consultant Fee      0   0    
51 Investment Consultant Fee      0   8,750    
52 Trustee Expense      0   0    
53       _  _   
54  Total Administrative Expenses     43,526   102,836    
55       _  _   
56 Excess(Deficiency) of Revenue Over Expenses      (45,707)  (186,588)   
57 Adjusted Fund Balance 10/01/09      13,161,581   13,302,462    
58       _  _   
59 Fund Balance 10/31/2009     $ 13,115,874 $ 13,115,874    
60       =  =   
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