Internal services fund near $1M positive as district moves to self‑insurance

District finance staff told the committee the internal services fund shows a positive balance of $996,006.90 in the first year of self‑insurance, but cautioned that early months can be inflated by claims‑timing issues.

Staff summarized month‑to‑date claims and costs: medical claims just under $1.4 million, dental just under $90,000, vision just over $17,000, employee HSA contributions at $1.1 million and stop‑loss expenses over $400,000, with total month expenses of roughly $3.1 million against revenues of about $4.1 million. Staff noted premium share deductions for employees begin with September payroll and that the first clear premium‑share impacts will appear in the next monthly report.

Committee members asked about administrative fees and the third‑party administrator; staff confirmed those are recurring monthly expenses supported by the board's insurance consultant.