Board of Education and Town
Monthly Health Insurance Reserve Report
Cash Flow Analysis - May 2024
BOE Town Balance
Balance 4/30/24 3,036,664.17 (201,189.54) 2,835,474.63
May Employer* 640,707.00 94,970.40
May Sewer & Water
May Café Employee Contribution 8,852.07
May Employee Contributions 159,359.42 23,650.71
May interest 6,985.92 0.00
Employer HSA contributions
Third Party Admininstrator Fees
Administrative Costs (4,944.36) (1,045.84)
Stop loss claims reimbursement
May claims (thru 5/31/23) (608,098.07) (171,185.18)
Balance 5/31/24 3,239,526.15 (254,799.45) 2,984,726.70
* 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
Colchester, Connecticut
may_2024_health_insurance_report
https://www.colchesterct.org/monthly-financials
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