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.
| Second Quarter of Fiscal Year (Actual) | Projected Annual Budget Period | |
| Income* | $98,892,699 | $196,526,440 |
| Expenditures | $94,124,101 | $194,907,736 |
| Surplus (Deficit) | $4,768,597 | $1,618,704 |
| Transfer of Reserves | $0.00 | $0.00 |
| Net Surplus (Deficit) | $4,768,597 | $1,618,704 |
| Encumbered Reserves | $91,313,246 | $94,081,597 |
| Unencumbered Reserves | $60,279,099 | $57,129,206 |
| Projected Net Fund Balance | $151,592,345 | $151,210,803 |
*- 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.
