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1 EVERETT SCHOOL EMPLOYEE BENEFIT TRUST 
2 STATEMENT OF OPERATIONS AND FUND BALANCE 
3 For the Year Ended June 30, 2011 
4            
5            
6       Current Month  2010-2011   
7 REVENUES:      (March)     
8 Employer Contributions     $ 1,419,480 $ 12,652,262    
9 Employee Contributions      285,804   2,270,825    
10 Dividend Income      124   4,974    
11 Interest Income      35,621   194,917    
12 Corporate/Govt Obligations - market value adj      (19,370)  (112,441)   
13       _  _   
14 Total Revenues      1,721,659   15,010,536    
15       _  _   
16 COST OF BENEFITS PROVIDED:             
17 HMA Premium      23,569   218,122    
18 HMA Claims      621,114   6,793,061    
19 SunLife      45,071   (401,797)   
20 ESI Prescriptions Paid      177,424   1,795,944    
21 Pacific Care Premium      396,994   3,313,848    
22 Group Health Premium      363,811   2,910,438     
23 Washington Dental Service Premium       139,109   1,254,460     
24 Williamette Dental      28,928   259,985    
25 Metropolitan Life ($50M) Premium      10,849   97,705    
26 Metropolitan Life (VOL) Premium       15,939   140,895    
27 Standard Insurance      36,045   324,875    
28 UNUM LTC      713   5,459    
29 Free & Clear      12,465   41,065    
30 Magellan Behavior      14,082   56,328    
31 Carena      0   1,800    
32 HealthForce      0   9,662    
33 Wellsource Health Solutions      0   0    
34       _  _   
35  Cost of Benefits Provided     1,886,112   16,821,849    
36       _  _   
37 Excess (Deficiency) of Revenues over Cost of Benefits       (164,453)  (1,811,313)   
38        _  _   
39 ADMINISTRATIVE EXPENSES:            
40 Administration      1,674   15,003    
41 Wellness Program Salaries      9,888   85,416    
42 Wellness Program Expenses      2,017   41,502    
43 Audit Fee      0   9,142    
44 Regulatory Fees      0   4,150    
45 Bank Fees      202   5,815    
46 Investment Fees      0   15,619    
47 Legal Fees      4,681   38,281    
48 Liability Insurance      0   5,582     
49 Misc. Expense       101   298     
50 Office & Printing      84   300     
51 Consultant Fee      0   25,613    
52 Investment Consultant Fee      4,375   13,125    
53 Trustee Expense      0   0    
54       _  _   
55  Total Administrative Expenses     23,022   259,846    
56       _  _   
57 Excess(Deficiency) of Revenue Over Expenses      (187,475)  (2,071,159)   
58 Adjusted Fund Balance 3/01/11      10,844,419   12,728,103    
59       _  _   
60 Fund Balance 3/31/2011     $ 10,656,944 $ 10,656,944    
61       =  =   
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