1. A
 ABDEFGHIJKLM
1 EVERETT SCHOOL EMPLOYEE BENEFIT TRUST
2 STATEMENT OF OPERATIONS AND FUND BALANCE
3 For the Year Ended June 30, 2009 and June 30, 2008
4            
5 FOR COMPARISON ONLY
6            
7      Current Month  2008-2009  Current Month  2009-2010
8 REVENUES:     (September)    (September)  
9 Employer Contributions    $ 1,383,758 $ 4,062,524 $ 1,384,233 $ 4,141,882
10 Employee Contributions     227,292   689,223   216,738   656,805
11 Investment Earnings      43,960   117,000   (42,701)  71,873
12 Net Appreciation of market value     5,822   (97,337)  38,000   54,191
13      _  _  _  _
14 Total Revenues     1,660,832   4,771,410   1,596,270   4,924,751
15      _  _  _  _
16 COST OF BENEFITS PROVIDED:             
17 HMA Premium     23,765   71,173   24,559   73,652
18 HMA Claims     614,162   1,826,745   860,895   1,934,655
19 Sun Life     19,912   60,128   22,148   66,086
20 ESI Prescriptions Paid     99,756   369,689   133,262   435,126
21 Pacific Care Premium     285,457   855,192   314,273   942,415
22 Group Health Premium     248,143   744,429   260,242   786,604
23 Washington Dental Service Premium     135,214   406,242   133,668   401,435
24 Williamette Dental      25,606   77,021   28,700   86,746
25 Metropolitan Life ($50M) Premium     10,771   33,131   11,037   33,352
26 Metropolitan Life (VOL) Premium     13,368   41,103   14,705   43,813
27 Standard Insurance      36,814   113,355   36,661   110,765
28 UNUM LTC     762   2,388   670   2,009
29 HMA - THM     7,708   23,752   0   0
30 Free & Clear     0   0   0   0
31 Magellan Behavior     0   0   14,082   14,082
32 Carena     0   0   0   0
33 Sound Health Solutions     0   0   18,063   25,500
34 Wellsource Health Solutions     0   0   0   50,085
35      _  _  _  _
36            
37  Cost of Benefits Provided    1,521,436   4,624,347   1,872,966   5,006,323
38              
39      _  _  _  _
40 Excess (Deficiency) of Revenues over Cost of Benefits      139,396   147,063   (276,695)  (81,572)
41       _  _  _  _
42            
43 ADMINISTRATIVE EXPENSES:             
44 Administration     1,515   4,461   2,977   5,974
45 Wellness Coordinator Salary     7,382   24,123   7,478   22,483
46 Wellness Program Expenses     1,763   4,138   2,546   3,333
47 Audit Fee     0   1,500   2,000   2,000
48 Regulatory Fees     0   2,075   0   2,075
49 Bank Fees     0   0   (95)  0
50 Legal Fees     0   1,403   3,355   14,608
51 Liability Insurance     0   0   0   0
52 Misc. Expense      66   132   0   66
53 Office & Printing     0   0   21   21
54 Consultant Fee     21,941   23,518   0   0
55 Investment Consultant Fee     0   0   4,375   8,750
56 Trustee Expense     0   57   0   0
57      _  _  _  _
58  Total Administrative Expenses    32,667   61,406   22,657   59,309
59      _  _  _  _
60 Excess(Deficiency) of Revenue Over Expenses     106,729   85,657   (299,352)  (140,881)
61 Adjusted Fund Balance 9/01/08 and 9/01/09     11,485,396   11,506,467   13,460,933   13,302,462
62             
63      _  _  _  _
64 Fund Balance 9/30/2008 and 9/30/2009    $ 11,592,125 $ 11,592,125   13,161,581 $ 13,161,581
65      =  =  =  =
66            
67              
68             
69             
70             
71            
72            
73            
74            
75            
76            
77            
78   
79            
80            
81            
82             

Back to top