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Board of Education and Town
Monthly Health Insurance Reserve Report
Cash Flow Analysis - June 2024
BOE Town Balance
Balance 5/31/24 3,235,484.65 (255,719.45) 2,979,765.20
Employer Contribution 106,064.91
June Employee Contributions 157,244.02 21,273.16
June interest 7,074.43 0.00
Employer HSA contributions (107,500.00)
Third Party Admininstrator Fees (4,320.00) (887.50)
Administrative Costs (75,648.79) (15,826.35)
June claims (thru 6/30/24) (602,866.29) (56,780.88)
Balance 6/30/24 2,609,468.02 (201,876.11) 2,407,591.91
* 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