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Board of Education and Town
Monthly Health Insurance Reserve Report
Cash Flow Analysis ‐ November 2024
BOE Town Balance
Balance 10/31/24 2,695,526.13 (101,013.22) 2,594,512.91
Employer Contribution* 294,146.00 93,607.50
Sewer & Water 6,033.90
Café 9,404.45
Employee Contributions** 157,325.49 21,910.68
Interest 6,828.57 0.00
Employer HSA contributions 0.00 0.00
Third Party Admininstrator Fees (4,122.50) (968.50)
Administrative Costs (84,996.76) (12,351.06)
Stop loss claims reimbursement
Claims (thru 11/30/24) (403,176.72) (86,219.76)
Balance 11/30/24 2,670,934.66 (79,000.46) 2,591,934.20
* 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