august_2024_health_insurance_reserve_report — Colchester Document Library

Machine-extracted text of a publicly posted document, provided for reference and search. The original document at the link above is authoritative.

Board of Education and Town
                            Monthly Health Insurance Reserve Report
                                  Cash Flow Analysis - August 2024
                                             BOE              Town            Balance

Balance 07/31/24                          2,199,931.60       (278,700.50)    1,921,231.10

Employer Contribution*                      597,144.07       187,215.00

Employee Contributions**                     36,984.34        21,193.86
Interest                                      6,131.71             0.00

Employer HSA contributions                                       (500.00)
Third Party Admininstrator Fees               (4,262.50)         (914.00)

Administrative Costs                        (87,234.89)       (11,193.08)
Claims (thru 08/31/24)                     (273,378.62)       (64,600.70)

Balance 8/31/24                           2,475,315.71       (147,499.42)    2,327,816.29

* 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