| · Balance Sheet: Page 1 |
| o | Decrease in fund balance for this month is $(178,016) which results in an overall decrease for the fiscal year of $(2,779,533). | |
| o | Consultant Fees credit balance remains at $1,798. | |
| o | Corporate Obligations (CD’s) | |
| · Purchases $400,000 |
| o | Government Obligations | |
| · Sales $700,000 | ||
| · Pay downs of $2,015 |
| · Balance Sheets (Comparison): Page 2 |
| o | Comparison for the year - Fund balance this month is $8,151,273 compared to $10,656,945 a year ago. Overall assets for this fiscal year total $8,504,568 compared to $12,040,945 a year ago. | |
| · Statement of Operations and Fund Balance: Page 3 |
| o | Paid $2,762 for Wellness program expenses for the month – offset by a refund of $395.00 for a total of $2,367 for the month. | |
| o | Paid $2,294 for ongoing legal fees to Stoel Rives for January Services. | |
| o | Paid $10 for Office Supplies. | |
| o | Paid $4,375 for Investment consultant quarterly fees. | |
| · Statement of Operations and Fund Balance (Comparison): Page 4 |
| o | HMA claims for the month: $92,666.77 | |
| o | ESI claims for the month: $227.22 | |
| · The Trust received two refund check from Sun Life this month in the amount of $1,938.41 and $1,953.28 for a total of $3,891.69 | ||
| · The Trust received a rebate check from ESI for $36,920.65 | ||
| · I have started the process of offsetting the IBNR liability against the HMA and ESI claims. For the month of March the offset is $92,893.99 ($92,666.77 for HMA claims and $227.22 for ESI claims) |