| · Balance Sheet: Page 1 |
| o | Decrease in fund balance for this month is $(830,212) which results in an overall decrease for the fiscal year of $(2,291,916). | |
| o | Consultant Fees credit balance remains at $1,798. | |
| o | Corporate Obligations (CD’s) | |
| · Purchases $600,000 |
| o | Government Obligations | |
| · Pay downs of $1,972 |
| · Balance Sheets (Comparison): Page 2 |
| o | Comparison for the year - Fund balance this month is $8,264,547 compared to $10,996,022 a year ago. Overall assets for this fiscal year total $8,992,184 compared to $12,338,022 a year ago. | |
| · Statement of Operations and Fund Balance: Page 3 |
| o | Paid $9,724 for the quarterly fees to Magellan Behavior (the fee has been reduced by ($4,358) due to the adjustment in benefits). | |
| o | Paid $60,526 for Wellness program expenses for the month ($59,618 of this expense was for the Wellness Challenge - debit cards). | |
| o | Paid $3,138 for ongoing legal fees to Stoel Rives for November Services. | |
| o | Paid $4,051 for the renewal of Liability Insurance through Marsh (Chubb). | |
| o | Paid $30 for Misc expenses. | |
| o | Paid $53 for Office Supplies (ESEBT receiving stamp) | |
| · Statement of Operations and Fund Balance (Comparison): Page 4 |
| o | Actual HMA claims for the month: $651,816 | |
| o | Comparison – HMA claims are $198,407 less this month than last January 2011. Overall this year’s claims are $749,636 less than in 2011. | |
| · The Trust received two refund checks from Sun Life this month in the amounts of $95,020.01 and $5,118.64 for a total of $100,138.65. | ||
| · The Trust received a rebate check from ESI this month in the amount of $1,138.56. | ||
| · I have started the process of offsetting the IBNR liability against the HMA and ESI claims. For the month of January the offset is $743,364 ($651,816 for HMA and $91,548 for ESI). |