Colchester, Connecticut

Health Insurance Fund - February

Budget Finance Committee Meeting

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budget FY 2022-23 BoardDocs (BOE meetings) 2023-04-05

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Board of Education and Town
                            Monthly Health Insurance Reserve Report
                                  Cash Flow Analysis ‐ February 2023
                                             BOE              Town            Balance

Balance 2/28/23                           4,310,838.31      (324,090.23)    3,986,748.08

February Employer*                          308,450.00
February Sewer & Water
February Café Employee Contribution           8,729.91

February Employee Contributions**           135,910.04        17,048.23
February interest                             7,871.88             0.00

Employer HSA contributions
Third Party Admininstrator Fees              (4,400.50)         (875.00)

Administrative Costs                        (71,120.68)      (14,428.35)
Stop loss claims reimbursement
February claims (thru 2/28/23)             (161,357.47)      (49,738.80)

Balance 2/28/23                           4,534,921.49      (372,084.15)    4,162,837.34

* The employer portion is determined at the start of year and divided by 12 so each month
the contribution will be the same.
** Employees portion of the health insurance premium collected for the month