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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: (August) (August) 
9 Employer Contributions $ 1,859,342 $ 3,714,517 $ 2,153,073 $ 4,109,737
10 Employee Contributions 581,611 1,160,935 586,073 1,173,661
11 Interest Income 4,493 8,541 312 994
12 Corporate/Govt Obligations - market value adj 1,632 4,089 0 (268)
13 _ _ 
14 Total Revenues 2,447,079 4,888,082 2,739,457 5,284,125  
15 _ _ _ _ 
16 COST OF BENEFITS PROVIDED: 
17 Aetna 1,493,348 2,991,774 1,721,291 3,441,974
18 Kaiser Premium 747,289 1,496,907 756,387 1,515,004
19 WEA - WA Dental   125,990 252,307 128,753 257,905
20 WEA - Williamette Dental 60,603 121,363 68,849 137,697
21 Metropolitan Life ($50M) Premium 13,478 26,968 15,868 31,752  
22 Metropolitan Life (VOL) Premium   16,023 31,890 16,222 32,691
23 Metropolitan Life - Vision 36,600 73,296 38,447 76,973
24 Metropolitan Life - LTD 57,867 115,680 68,321 136,673
25 Metropolitan Life - STD 6,475 10,499 7,493 15,017
26 UNUM LTC 1,010 2,021 1,126 2,252
27 Magellan Behavior 0 0 0 0
28 Weight Watchers 0 0 0 0
29 _ _ _ _ 
30 Cost of Benefits Provided 2,558,683   5,122,705 2,822,756   5,647,940  
31 _ _ _ _ 
32 Excess (Deficiency) of Revenues over Cost of Benefits   (111,604) (234,623) (83,299) (363,815) 
33    _ _ _ _ 
34 ADMINISTRATIVE EXPENSES: 
35 Administration 2,113 2,113 0 0
36 Wellness Program Salaries 10,683 10,683 0 8,312
37 Wellness Program Expenses 913 938 0 0
38 Audit Fee 0 0 0 0
39 Bank Fees 40 80 915 955
40 Investment Fees 129 129 0 0
41 Legal Fees 0 0 0 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 0 2,917 0 0
47 _ _ _ 
48 Total Administrative Expenses 13,879 16,860 915 17,291  
49 _ _ _ _ 
50 Excess(Deficiency) of Revenue Over Expenses (125,482) (251,484) (84,214) (381,106) 
51 Adjusted Fund Balance 8/01/18 and 8/01/19 5,323,122 5,449,124 2,936,409 3,233,301  
52 _ _ _ _ 
53 Fund Balance 8/31/2018 and 8/31/2019 $ 5,197,640 $ 5,197,640 2,852,195 $ 2,852,195  
54 = = = = 
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