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Board of Education and Town
Monthly Health Insurance Reserve Report
Cash Flow Analysis - January 2024
BOE Town Balance
Balance 12/31/22 4,058,188.41 (861,558.20) 3,196,630.21
January Employer* 320,353.50
January Sewer & Water
January Café Employee Contribution 8,852.07
January Employee Contributions** 138,190.55 17,233.34
January interest 8,212.21 0.00
Employer HSA contributions (4,375.00) (22,000.00)
Third Party Admininstrator Fees (3,995.00) (805.00)
Administrative Costs (91,060.25) (4,457.96)
Stop loss claims reimbursement 110.05
January claims (thru 1/31/23) (750,990.20) (67,540.15)
Balance 1/31/23 3,683,376.29 (939,017.92) 2,744,358.37
* 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