Quarterly Financial Reports

Below is a summary of the Quarterly Health Fund Report for the first quarter of the 2021/22 fiscal year for the JHMB. This report provides a review of Income and Expenditures compared to Budget for the 2021/22 fiscal year.

Adjusting for the tenthly District contributions, the first nine months of the year are showing a surplus of $14.338 compared to the budget surplus of $1.618 million. Plan income is projected to be 1.75% higher than the annual budgeted amount per Active for the full fiscal year, while plan expenses are expected to be 4.7% below budget on a per capita basis at the end of the year.

The left column shows the actual performance of the Plan against the projected performance of the Plan (shown in the right column). Please note that the figures contained in this report are based on data available to the JHMB. Audited figures may differ from those set forth in this report.

*- Income amount has been annualized to account for the tenthly District contributions.

Please note that expenses shown in the vendor reports can differ slightly from the paid amounts shown in the District’s Monthly Financial Report, as adjustments, credits, and delayed postings on the vendor side result in differences in the monthly costs compared to the amounts shown as paid by the District. The annual costs shown in this report have been adjusted to account for these differences and match the audited year-end financial report prepared by the District.

Below is a summary of the Quarterly Health Fund Report for the first quarter of the 2021/22 fiscal year for the JHMB. This report provides a review of Income and Expenditures compared to Budget for the 2021/22 fiscal year.

Adjusting for the tenthly District contributions, the first six months of the year are showing a surplus of $4,768 million compared to the budget surplus of $1.618 million. Plan income is projected to be 0.21% higher than the annual budgeted amount per Active for the full fiscal year, while plan expenses are expected to be 0.13% below budget on a per capita basis at the end of the year.

The left column shows the actual performance of the Plan against the projected performance of the Plan (shown in the right column). Please note that the figures contained in this report are based on data available to the JHMB. Audited figures may differ from those set forth in this report.

*- Income amount has been annualized to account for the tenthly District contributions.

Please note that expenses shown in the vendor reports can differ slightly from the paid amounts shown in the District’s Monthly Financial Report, as adjustments, credits, and delayed postings on the vendor side result in differences in the monthly costs compared to the amounts shown as paid by the District. The annual costs shown in this report have been adjusted to account for these differences and match the audited year-end financial report prepared by the District.

Below is a summary of the Quarterly Health Fund Report for the first quarter of the 2021/22 fiscal year for the JHMB. This report provides a review of Income and Expenditures compared to Budget for the 2021/22 fiscal year.

Adjusting for the tenthly District contributions, the first three months of the year are showing a deficit of $258,585 compared to the budget surplus of $1.618 million. Plan income is projected to be 0.60% higher than the annual budgeted amount per Active for the full fiscal year, while plan expenses are expected to be 0.17% below budget on a per capita basis at the end of the year.

The left column shows the actual performance of the Plan against the projected performance of the Plan (shown in the right column). Please note that the figures contained in this report are based on data available to the JHMB. Audited figures may differ from those set forth in this report.

*- Income amount has been annualized to account for the tenthly District contributions.

Please note that expenses shown in the vendor reports can differ slightly from the paid amounts shown in the District’s Monthly Financial Report, as adjustments, credits, and delayed postings on the vendor side result in differences in the monthly costs compared to the amounts shown as paid by the District. The annual costs shown in this report have been adjusted to account for these differences and match the audited year-end financial report prepared by the District.

Below is a summary of the Quarterly Health Fund Report for the 2020/21 fiscal year for the JHMB. This report provides a review of Income and Expenditures compared to Budget for the 2020/21 fiscal year. The Plan is managed by the Joint Health Management Board. We continue to modify and update the format as we work through all the aspects of managing the coverage and funding the Plan.

The 2020/21 fiscal year is showing a surplus of $18.507 million, compared to the budget surplus of $330,244. Plan income ended the fiscal year 5.78% higher than the annual budgeted amount per Active for the full fiscal year, with plan expenses 4.11% below budget on a per capita basis at the end of the year.

The left column shows the actual performance of the Plan against the projected performance of the Plan (shown in the right column). Please note that the figures contained in this report are based on data available to the JHMB. Audited figures may differ from those set forth in this report.

*- Includes $8 million income funded to JHMB that was collectively bargained in FY 2020/21

Please note that expenses shown in the vendor reports can differ slightly from the paid amounts shown in the District’s Monthly Financial Report, as adjustments, credits, and delayed postings on the vendor side result in differences in the monthly costs compared to the amounts shown as paid by the District. The annual costs shown in this report have been adjusted to account for these differences and match the audited year-end financial report prepared by the District.

Below is a summary of the Quarterly Health Fund Report for the first three quarters of the 2020/21 fiscal year for the JHMB. This report provides a review of Income and Expenditures compared to Budget for the 2020/21 fiscal year.

The left column shows the actual performance of the Plan against the projected performance of the Plan (shown in the right column). Please note that the figures contained in this report are based on data available to the JHMB. Audited figures may differ from those set forth in this report.

*- Income amount has been annualized to account for the tenthly District contributions.

Please note that expenses shown in the vendor reports can differ slightly from the paid amounts shown in the District’s Monthly Financial Report, as adjustments, credits, and delayed postings on the vendor side result in differences in the monthly costs compared to the amounts shown as paid by the District. The annual costs shown in this report have been adjusted to account for these differences and match the audited year-end financial report prepared by the District.

Below is a summary of the Quarterly Health Fund Report for the first two quarters of the 2020/21 fiscal year for the JHMB. This report provides a review of Income and Expenditures compared to Budget for the 2020/21 fiscal year.

Adjusting for the tenthly District contributions, the first six months of the year are showing a surplus of $9.29 million, compared to the budget surplus of $330,244. Plan income is projected to be 0.47% higher than the annual budgeted amount per Active for the full fiscal year, while plan expenses are expected to be 1.27% below budget on a per capita basis at the end of the year.

The left column shows the actual performance of the Plan against the projected performance of the Plan (shown in the right column). Please note that the figures contained in this report are based on data available to the JHMB. Audited figures may differ from those set forth in this report.

*- Income amount has been annualized to account for the tenthly District contributions.

Please note that expenses shown in the vendor reports can differ slightly from the paid amounts shown in the District’s Monthly Financial Report, as adjustments, credits, and delayed postings on the vendor side result in differences in the monthly costs compared to the amounts shown as paid by the District. The annual costs shown in this report have been adjusted to account for these differences and match the audited year-end financial report prepared by the District.

Below is a summary of the Quarterly Health Fund Report for the 2020/21 fiscal year for the JHMB. This report provides a review of Income and Expenditures compared to Budget for the 2020/21 fiscal year.

Adjusting for the tenthly District contributions, the first three months of the year are showing a surplus of $3.018 million, compared to the budget surplus of $330,244. Plan income is projected to be 0.28% higher than the annual budgeted amount per Active for the full fiscal year, while plan expenses are expected to be 0.21% below budget on a per capita basis at the end of the year.

The left column shows the actual performance of the Plan against the projected performance of the Plan (shown in the right column). Please note that the figures contained in this report are based on data available to the JHMB. Audited figures may differ from those set forth in this report.

*- Income amount has been annualized to account for the tenthly District contributions.

Please note that expenses shown in the vendor reports can differ slightly from the paid amounts shown in the District’s Monthly Financial Report, as adjustments, credits, and delayed postings on the vendor side result in differences in the monthly costs compared to the amounts shown as paid by the District. The annual costs shown in this report have been adjusted to account for these differences and match the audited year-end financial report prepared by the District.

Below is a summary of the Quarterly Health Fund Report for the 2019/20 fiscal year for the JHMB. This report provides a review of Income and Expenditures compared to Budget for the 2019/20 fiscal year.

The 2019/20 fiscal year is showing a surplus of $9.979 million, compared to the budget surplus of $9.725 million. Plan income ended the fiscal year 0.83% above the per capita budgeted amount, with plan expenses 0.79% above budget on a per capita basis at the end of the year.

The left column shows the actual performance of the Plan against the projected performance of the Plan (shown in the right column). Please note that the figures contained in this report are based on data available to the JHMB. Audited figures may differ from those set forth in this report.

Please note that expenses shown in the vendor reports can differ slightly from the paid amounts shown in the District’s Monthly Financial Report, as adjustments, credits, and delayed postings on the vendor side result in differences in the monthly costs compared to the amounts shown as paid by the District. The annual costs shown in this report have been adjusted to account for these differences and match the audited year-end financial report prepared by the District.

Below is a summary of the Quarterly Health Fund Report for the 2019/20 fiscal year for the JHMB. This report provides a review of Income and Expenditures compared to Budget for the 2019/20 fiscal year.

Adjusting for the tenthly District contributions, the first nine months of the year are showing a surplus of $8,107,372, compared to the budget surplus of $9.725 million. Plan income is projected to be 0.83% higher than the annual budgeted amount per Active for the full fiscal year, while plan expenses are expected to be 0.45% above budget on a per capita basis at the end of the year.

The left column shows the actual performance of the Plan against the projected performance of the Plan (shown in the right column). Please note that the figures contained in this report are based on data available to the JHMB. Audited figures may differ from those set forth in this report.

*- Income amount has been annualized to account for the tenthly District contributions.

Please note that expenses shown in the vendor reports can differ slightly from the paid amounts shown in the District’s Monthly Financial Report, as adjustments, credits, and delayed postings on the vendor side result in differences in the monthly costs compared to the amounts shown as paid by the District. The annual costs shown in this report have been adjusted to account for these differences and match the audited year-end financial report prepared by the District.

Below is a summary of the Quarterly Health Fund Report for the 2019/20 fiscal year for the JHMB. This report provides a review of Income and Expenditures compared to Budget for the 2019/20 fiscal year.

Adjusting for the tenthly District contributions, the first six months of the year are showing a surplus of $5,368,190, compared to the budget surplus of $9.725 million. Plan income is projected to be 0.04% lower than the annual budgeted amount per Active by the end of the year, while plan expenses are expected to be 0.89% above budget on a per capita basis at the end of the year.

The left column shows the actual performance of the Plan against the projected performance of the Plan (shown in the right column). Please note that the figures contained in this report are based on data available to the JHMB. Audited figures may differ from those set forth in this report.

*- Income amount has been annualized to account for the tenthly District contributions.

Please note that expenses shown in the vendor reports can differ slightly from the paid amounts shown in the District’s Monthly Financial Report, as adjustments, credits, and delayed postings on the vendor side result in differences in the monthly costs compared to the amounts shown as paid by the District. The annual costs shown in this report have been adjusted to account for these differences and match the audited year-end financial report prepared by the District.

Below is a summary of the Quarterly Health Fund Report for the 2019/20 fiscal year for the JHMB. This report provides a review of Income and Expenditures compared to Budget for the 2019/20 fiscal year.

Adjusting for the tenthly District contributions, the first three months of the year are showing a surplus of $3,992,767, compared to the budget surplus of $14.33 million. Plan income is projected to be 1.41% higher than the annual budgeted amount per Active by the end of the year, while plan expenses are expected to be 4.51% above budget on a per capita basis at the end of the year.

The left column shows the actual performance of the Plan against the projected performance of the Plan (shown in the right column). Please note that the figures contained in this report are based on data available to the JHMB. Audited figures may differ from those set forth in this report.

*- Income amount has been annualized to account for the tenthly District contributions.

Please note that expenses shown in the vendor reports can differ slightly from the paid amounts shown in the District’s Monthly Financial Report, as adjustments, credits, and delayed postings on the vendor side result in differences in the monthly costs compared to the amounts shown as paid by the District. The annual costs shown in this report have been adjusted to account for these differences and match the audited year-end financial report prepared by the District.

Below is a summary of the Quarterly Health Fund Report for the 2018/19 fiscal year for the JHMB. This report provides a review of Income and Expenditures compared to Budget for the 2018/19 fiscal year.

The 2018/19 fiscal year is showing a surplus of $2.169 million, compared to the revised budget surplus of $1.795 million. Plan income ended the fiscal year 0.30% below the per capita budgeted amount, with plan expenses 6.24% above budget on a per capita basis at the end of the year.

The left column shows the actual performance of the Plan against the projected performance of the Plan (shown in the right column). Please note that the figures contained in this report are based on data available to the JHMB. Audited figures may differ from those set forth in this report.

Please note that expenses shown in the vendor reports can differ slightly from the paid amounts shown in the District’s Monthly Financial Report, as adjustments, credits, and delayed postings on the vendor side result in differences in the monthly costs compared to the amounts shown as paid by the District. The annual costs shown in this report have been adjusted to account for these differences and match the audited year-end financial report prepared by the District.

Below is a summary of the Quarterly Health Fund Report for the 2018/19 fiscal year for the JHMB. This report provides a review of Income and Expenditures compared to Budget for the 2018/19 fiscal year.

Adjusting for the tenthly District contributions, the first nine months of the year are showing a surplus of $5.639 million, compared to the revised budget surplus of $13.794 million. Plan income is projected to be 0.44% higher than the annual budgeted amount by the end of the year, while plan expenses are expected to be 6.24% above budget on a per capita basis at the end of the year.

The left column shows the actual performance of the Plan against the projected performance of the Plan (shown in the right column). Please note that the figures contained in this report are based on data available to the JHMB. Audited figures may differ from those set forth in this report.

*- Income amount has been annualized to account for the tenthly District contributions.

Please note that expenses shown in the vendor reports can differ slightly from the paid amounts shown in the District’s Monthly Financial Report, as adjustments, credits, and delayed postings on the vendor side result in differences in the monthly costs compared to the amounts shown as paid by the District. The annual costs shown in this report have been adjusted to account for these differences and match the audited year-end financial report prepared by the District.