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Board of Education and Town
Monthly Health Insurance Reserve Report
Cash Flow Analysis - March 2024
BOE Town Balance
Balance 2/28/24 3,136,355.44 (325,521.44) 2,810,834.00
Feb & March Employer* 640,707.00 90,617.50
March Sewer & Water
March Café Employee Contribution 8,852.07
March Employee Contributions ** 157,622.90 20,291.83
March interest 7,292.22 0.00
Employer HSA contributions (109,312.50) (250.00)
Third Party Admininstrator Fees (4,217.00) (903.00)
Administrative Costs (71,652.88) (15,290.74)
Stop loss claims reimbursement
March claims (thru 3/31/23) (449,253.41) (53,350.31)
Balance 3/31/24 3,316,393.84 (284,406.16) 3,031,987.68
* 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