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Board of Education and Town
Monthly Health Insurance Reserve Report
Cash Flow Analysis ‐ October 2024
BOE Town Balance
Balance 09/30/24 2,835,640.11 (146,587.52) 2,689,052.59
Employer Contribution* 294,146.00 93,607.50
Sewer & Water 6,033.90
Café 9,404.45
Employee Contributions** 141,784.03 22,067.70
Interest 7,369.48 0.00
Employer HSA contributions 0.00 (13,350.00)
HSA contribution returned (reissued Oct) (562.50)
Third Party Admininstrator Fees (paid Sept)
Administrative Costs (84,234.02) (12,351.38)
Claims (thru 10/31/24) (508,021.42) (50,433.42)
Balance 10/31/24 2,695,526.13 (101,013.22) 2,594,512.91
* 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