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Sunnyside Unified trust board reviews year‑end health plan finances; early 2024–25 shows two‑month loss

Sunnyside Unified District Trust Board · September 19, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Sunnyside Unified District trust board heard presentations showing a $1.5 million net income for the July 2023–June 2024 plan year but a roughly $959,000 net loss for July–August 2024, driven by higher medical and prescription claims; staff said 2024–25 funding rates remain adequate and no rate changes were recommended.

The Sunnyside Unified District trust board reviewed its employee health plan finances Sept. 19, hearing that the 2023–24 plan year finished with roughly $9.9 million in revenue and about $1.5 million in net income, but that the early 2024–25 results show a near‑term gap driven by medical and prescription claims.

Stephanie, the plan presenter, told the board the plan recorded contributions of about $8,000,000 for the July 2023–June 2024 year and total revenues near $9.9 million, an increase of roughly $480,000 from the prior year. Total expenses for the year were about $8.42 million — roughly $370,000 higher than the prior year — leaving net income of about $1.5 million after accounting for stop‑loss recoveries and incurred‑but‑not‑reported adjustments. Stephanie also reported the trust’s year‑end assets and liabilities were about $9.8 million on the balance sheet.

Nut graf: The figures matter because they determine…

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