A	B	C	D	E	F	G	H	I	J
1	EVERETT SCHOOL EMPLOYEE BENEFIT TRUST
2	STATEMENT OF OPERATIONS AND FUND BALANCE
3	For the Year Ended June 30, 2019
4
5							Current Month		2018-2019
6	REVENUES:						(June)
7	Employer Contributions					$	1,964,810	$	23,226,216
8	Employee Contributions						587,029		7,036,353
9	Interest Income						1,315		43,115
10	Corporate/Govt Obligations - market value adj						(133)		5,343
11							_
12	Total Revenues						2,553,020		30,311,027
13							_		_
14	COST OF BENEFITS PROVIDED:
15	Aetna						1,711,932		19,250,715
16	Kaiser Premium						759,383		9,009,381
17	WEA - WA Dental						128,833		1,524,365
18	WEA - Willamette Dental						68,434		794,241
19	Metropolitan Life ($50M) Premium						15,795		179,871
20	Metropolitan Life (VOL) Premium						16,660		192,993
21	Metropolitan Life - Vision						38,383		452,383
22	Metropolitan Life - LTD						68,106		762,309
23	Metropolitan Life - STD						7,562		84,954
24	UNUM LTC						1,126		13,030
25	Other Benefits						0		(31)
26	Optum						0		0
27	Magellan Behavior						8,631		43,155
28	Weight Watchers						33		5,733
29							_		_
30		Cost of Benefits Provided					2,824,877		32,313,098
31							_		_
32	Excess (Deficiency) of Revenues over Cost of Benefits						(271,857)		(2,002,071)
33							_		_
34	ADMINISTRATIVE EXPENSES:
35	Administration						6,352		25,390
36	Wellness Program Salaries						32,694		130,860
37	Wellness Program Expenses						2,966		14,299
38	Audit Fee						0		9,938
39	Bank Fees						915		3,105
40	Investment Fees						412		1,160
41	Legal Fees						5,398		5,398
42	Liability Insurance						0		6,946
43	Misc. Expense						0		0
44	Office & Printing						114		163
45	Consultant Fee						0		1,701
46	Investment Consultant Fee						2,500		14,792
47									_
48		Total Administrative Expenses					51,351		213,752
49							_		_
50	Excess(Deficiency) of Revenue Over Expenses						(323,208)		(2,215,823)

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