Sunnyside benefits trust hears October financials showing $277,000 year-to-date net loss
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Summary
At the Sunnyside Unified District benefits trust meeting, the board reviewed October financials: revenue roughly $3.0 million, year-to-date net loss of $277,000, cash of about $1.4–$1.5 million and total assets of $9.3 million; stop‑loss reimbursements remain pending.
The Sunnyside Unified District benefits trust on Nov. 15 reviewed October financial statements showing revenue and expenses largely in line with last year but a small year-to-date net loss.
Rachel, the trust’s finance presenter, said the group’s revenue was “only about $103,000 off of last year,” and summarized the package: “So you’re at $3,000,000,” with total expenses similar to the prior year. She told trustees the excess of revenues to balance current — described as the year-to-date net loss — was $277,000, comparable to $274,000 in the prior year.
On the balance sheet, Rachel reported cash of approximately $1.4 million to $1.5 million and total assets of about $9.3 million, with total liabilities near $934,000. She noted stop‑loss recoveries had not yet been received for the plan period and that a small number of members had claim activity above the specific deductible that could generate future reimbursements.
Trustees asked no substantive questions during the review. The presenter described minor month-to-month fluctuations and said overall investment values have grown modestly through reinvested interest.
The board approved the meeting agenda and the minutes from the prior meeting before the financial review and adjourned at the end of the session. No formal changes to plan funding, premiums, or benefits were made at this meeting.
