Financial Statements and Wellness Report
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ASSETS
Cash and investments
16,970,163
$
Accrued interest
34,982
Prepaids
12,826
Total assets
17,017,971
Retirees claims payable, due to Blue Cross Blue Shield
Accounts payable
2,904
Accrued payroll
17,815
Compensated absences payable
47,613
Claims incurred but not reported (IBNR)
2,152,000
Due to City
1,136,374
Employees claims payable, due to Blue Cross Blue Shield
1,721,959
Retirees claims payable, due to Blue Cross Blue Shield
479,261
COBRA claims payable, due to Blue Cross Blue Shield
2,905
Total liabilities
5,560,830
NET POSITION
Unrestricted
11,457,141
Total net position
11,457,141
$
Note: December 31, 2020 minimum end of year reserve including IBNR and two months costs as
projected by Segal Consulting.
$ 6,341,000
CITY OF CHANDLER
Chandler Health Care Benefits Self-Insurance Trust Fund
Statement of Net Position
December 31, 2021 (Unaudited)
2021
Budget
Actuals
Budget to
Actual
Difference
OPERATING REVENUES
Contributions:
Employer self insurance premiums
18,652,660
$
17,865,674
$
(786,986)
$
Employee self insurance premiums
2,366,480
2,057,730
(308,750)
Retiree premiums
1,779,600
2,016,187
236,587
COBRA premiums
93,260
59,453
(33,807)
Other:
BCBS wellness programs
25,000
25,000
-
BCBS wellness coordinator
100,000
100,000
-
BCBS administration
25,000
25,000
-
BCBS communication
30,000
30,000
-
Recovery of medical claims
30,000
68,631
38,631
Federal grants
-
9,753
9,753
Total operating revenues
23,102,000
22,257,428
(844,572)
OPERATING EXPENSES
Personnel support
469,073
441,837
(27,236)
Audits & financial services
8,340
7,370
(970)
Promotional
30,000
2,459
(27,541)
Operating supplies & equipment
31,627
9,267
(22,360)
Bank charges
400
621
221
Contractual services
151,000
308,082
157,082
Other:
Self-insurance administrative fees
2,505,482
1,985,986
(519,496)
COBRA administrative fees
-
1,243
1,243
PCORI fees
9,000
8,800
(200)
Wellness programs
118,742
13,248
(105,494)
Health savings & flex spending acct contributions
348,606
225,050
(123,556)
Claims paid:
Employees
17,360,710
18,116,040
755,330
Retirees
4,016,080
4,084,783
68,703
COBRA
170,780
130,147
(40,633)
Total operating expenses
25,219,840
25,334,933
115,093
OPERATING INCOME (LOSS)
(2,117,840)
(3,077,506)
(959,666)
NONOPERATING REVENUES (EXPENSES):
Transfers Out - Technology Fund
(5,530)
(5,530)
-
Interest income (loss)
327,000
(48,581)
(375,581)
Total nonoperating revenues (expenses)
321,470
(54,111)
(375,581)
Change in net position
(1,796,370)
(3,131,616)
(1,335,247)
NET POSITION:
Total net position, as of January 1, 2021
14,588,757
14,588,757
-
Total net position, as of December 31, 2021
12,792,387
$
11,457,141
$
(1,335,247)
$
CITY OF CHANDLER
Chandler Health Care Benefits Self-Insurance Trust Fund
Statement of Revenues, Expenses and Changes in Net Position
For the Year Ended December 31, 2021 (Unaudited)
Cash flows from operating activities:
Cash received for premiums and other operating purposes
23,072,465
$
Cash payments for claims
(22,345,676)
Cash payments to suppliers for other services
(2,579,904)
Cash payments to employees for services
(446,241)
Net cash provided by operating activities
(2,299,356)
Cash flows from noncapital financing activities:
Cash paid to City for technology replacement
(5,530)
Net cash used for noncapital financing activities
(5,530)
Cash flows from investing activities:
Investment income
(22,595)
Proceeds from sales of investments
16,446,284
Purchases of investments
(14,118,803)
Net cash used for investing activities
2,304,886
Net increase in cash and cash equivalents
-
Cash and cash equivalents, January 1, 2021
-
Cash and cash equivalents, December 31, 2021
-
$
Reconciliation of operating income to cash provided by operating activities:
Operating income
(3,077,506)
$
Adjustments to reconcile operating income to net cash provided by
operating activities:
Changes in assets and liabilities:
(Increase)/Decrease in due from (to) City
815,037
(Increase)/Decrease in prepaids
(1,744)
Increase/(Decrease) in claims payable
(14,707)
Increase/(Decrease) in accounts payable
(16,033)
Increase/(Decrease) in accrued payroll
1,553
Increase/(Decrease) in compensated absences payable
(5,957)
Net cash provided by operating activities
(2,299,356)
$
Reconciliation of Cash and Cash Equivalents to the Statement of Net Position:
Cash and cash equivalents
-
$
Investments
16,970,163
Cash and investments
16,970,163
$
CITY OF CHANDLER
Chandler Health Care Benefits Self-Insurance Trust Fund
Statement of Cash Flows
For the Year Ended December 31, 2021 (Unaudited)
Wellness Detail
Jan - Dec
2011
Jan - Dec
2012
Jan - Dec
2013
Jan - Dec
2014
Jan - Dec
2015
Jan - Dec
2016
Jan - Dec
2017
Jan - Dec
2018
Jan - Dec
2019
Jan - Dec
2020
Jan - Dec
2021
Cumulative
Total Since
Inception
Revenue
Wellness Funds from BCBS
24,031.73
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
274,031.73
YOGA Program Revenues
-
2,150.00
2,288.00
2,466.00
2,266.00
1,820.00
1,062.00
2,148.00
-
-
-
14,200.00
Total Wellness Program Revenue
24,031.73
27,150.00
27,288.00
27,466.00
27,266.00
26,820.00
26,062.00
27,148.00
25,000.00
25,000.00
25,000.00
288,231.73
Expenses
YOGA program expenses
1,820.00
3,360.00
3,220.00
3,150.00
2,905.00
2,555.00
1,000.00
-
-
-
18,010.00
Other Professional Services
1,200.00
-
93.62
-
-
-
-
360.00
1,653.62
Promotional/Advertising Svcs
7,547.42
22,174.80
24,361.61
10,408.85
8,567.47
15,024.50
10,060.07
17,712.80
9,759.42
10,434.58
136,051.52
Supplies (printing, office, etc.)
227.89
2,954.17
1,259.37
1,447.85
1,735.20
12.30
3.02
35.22
-
-
7,675.02
Food & Events
350.19
375.02
64.56
795.09
677.75
427.82
535.24
1,163.33
424.57
843.38
5,656.95
Clothing & Uniforms
628.00
-
51.58
-
-
-
-
679.58
Other Supplies
26.16
26.75
-
-
-
-
-
-
52.91
Emp Activities/Recognition
1,000.00
-
-
-
-
1,121.00
2,121.00
Postage & Freight
481.63
-
-
-
-
-
-
481.63
Travel
27.12
-
288.50
942.96
1,327.36
-
-
2,585.94
Subscriptions & Memberships
365.00
352.00
310.00
-
395.00
365.00
-
-
-
1,787.00
Education & Training
(600.00)
120.00
79.00
439.10
625.50
895.50
460.00
419.00
2,438.10
Other Wellness Expenses
2,648.92
-
-
-
-
-
-
2,648.92
Registrations
625.50
-
200.00
-
70.00
895.50
Total Wellness Program Expenses
2,648.92
10,964.66
29,124.74
30,442.29
15,921.00
15,058.04
19,819.30
13,531.79
21,334.21
10,643.99
13,247.96
182,737.69
Net Wellness Funds Remaining
105,494.04
Net Wellness Funds with 2021 Contribution
105,494.04
Chandler Health Care Benefits Trust
Wellness Programs Tracking January 1 Thru December 31, 2021