| PUBLIC UTILITY RISK MANAGEMENT SERVICES |
| JOINT SELF-INSURANCE FUND |
| LIABILITY POOL |
|
|
| COMPARATIVE STATEMENT OF NET ASSETS |
| JUNE 30, 2007 AND 2006 |
| |
|
|
|
|
| ASSETS |
|
2007 |
|
2006 |
|
|
|
|
|
| Current Assets: |
|
|
|
|
| Cash
in Banks, Liability |
$ 262,216.48 |
|
$ 144,118.34 |
| Investments,
Liability |
1,500,000.00 |
|
1,600,000.00 |
| Prepaid Insurance,
Liability |
- |
|
- |
| Accounts Receivable -
Interpool Loan |
- |
|
- |
| Accounts
Receivable - Assessments Billed |
196,195.26 |
|
- |
| Accounts
Receivable - Future Assessments |
2,987,232.75 |
|
3,180,028.66 |
| Accounts Receivable -
Member Deductibles |
- |
|
- |
| Accounts Receivable -
Miscellaneous |
- |
|
- |
| Accounts Receivable -
Excess Insurance Company |
- |
|
- |
| Investment
Interest Receivable |
12,761.69 |
|
9,623.99 |
|
|
| TOTAL ASSETS |
|
$ 4,958,406.18 |
|
$ 4,933,770.99 |
|
|
|
|
| LIABILITIES
AND NET ASSETS |
|
|
|
| Current Liabilities: |
|
|
|
|
| Claims
Reserve (Known) |
$ 1,127,481.34 |
|
$ 1,070,164.94 |
| Claims
Reserve (IBNR) |
1,859,751.41 |
|
2,109,863.72 |
| Notes Payable |
|
- |
|
- |
| Accounts Payable |
|
- |
|
- |
| Accounts Payable -
Interpool Loan |
- |
|
- |
| Fund Legal Fees Payable |
- |
|
- |
| Administrator's
Fee Payable |
17,215.82 |
|
15,687.63 |
| Broker's Fee Payable |
- |
|
- |
|
|
|
|
|
Total Current Liabilities |
$ 3,004,448.57 |
|
$ 3,195,716.29 |
|
|
|
|
|
Total Net Assets: |
1,953,957.61 |
|
1,738,054.70 |
|
|
|
|
| TOTAL
NET ASSETS AND LIABILITIES |
$ 4,958,406.18 |
|
$ 4,933,770.99 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|