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1 EVERETT SCHOOL EMPLOYEE BENEFIT TRUST
2 STATEMENT OF OPERATIONS AND FUND BALANCE
3 For the Year Ended June 30, 2019 and June 30, 2020
4
5 FOR COMPARISON ONLY
6
7 Current Month 2018-2019 Current Month 2019-2020
8 REVENUES: (July) (July)
9 Employer Contributions $ 1,855,175 $ 1,855,175 $ 1,956,665 $ 1,956,665
10 Employee Contributions 579,323 579,323 587,588 587,588
11 Interest Income 4,048 4,048 682 682
12 Corporate/Govt Obligations - market value adj 2,457 2,457 (268) (268)
13 _ _
14 Total Revenues 2,441,003 2,441,003 2,544,667 2,544,667
15 _ _ _ _
16 COST OF BENEFITS PROVIDED:
17 Aetna 1,498,426 1,498,426 1,720,683 1,720,683
18 Kaiser Premium 749,619 749,619 758,617 758,617
19 WEA - WA Dental   126,317 126,317 129,153 129,153
20 WEA - Willamette Dental 60,760 60,760 68,849 68,849
21 Metropolitan Life ($50M) Premium 13,491 13,491 15,884 15,884
22 Metropolitan Life (VOL) Premium   15,867 15,867 16,470 16,470
23 Metropolitan Life - Vision 36,696 36,696 38,526 38,526
24 Metropolitan Life - LTD 57,813 57,813 68,352 68,352
25 Metropolitan Life - STD 4,024 4,024 7,524 7,524
26 UNUM LTC 1,010 1,010 1,126 1,126
27 Magellan Behavior 0 0 0 0
28 Weight Watchers 0 0 0 0
29 _ _ _ _
30 Cost of Benefits Provided 2,564,023   2,564,023 2,825,184   2,825,184
31 _ _ _ _
32 Excess (Deficiency) of Revenues over Cost of Benefits   (123,020) (123,020) (280,516) (280,516)
33    _ _ _ _
34 ADMINISTRATIVE EXPENSES:
35 Administration 0 0   0 0
36 Wellness Program Salaries 0 0   8,312 8,312
37 Wellness Program Expenses 25 25   0 0
38 Audit Fee 0 0   0 0
39 Bank Fees 40 40 40 40
40 Investment Fees 0 0 0 0
41 Legal Fees 0 0 8,024 8,024
42 Liability Insurance 0 0 0 0
43 Misc. Expense 0 0 0 0
44 Office & Printing 0 0 0 0
45 Consultant Fee 0 0 0 0
46 Investment Consultant Fee 2,917 2,917 0 0
47 _ _ _
48 Total Administrative Expenses 2,982 2,982 16,376 16,376
49 _ _ _ _
50 Excess(Deficiency) of Revenue Over Expenses (126,001) (126,001) (296,892) (296,892)
51 Adjusted Fund Balance 7/01/18 and 7/01/19 5,451,687 5,451,687 3,233,301 3,233,301
52   _ _ _ _
53 Fund Balance 7/31/2018 and 7/31/2019 $ 5,325,686 $ 5,325,686 $ 2,936,408 $ 2,936,408
54 = = = =
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