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