| PUBLIC UTILITY RISK MANAGEMENT SERVICES |
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| JOINT SELF-INSURANCE FUND |
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| HEALTH & WELFARE POOL |
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| COMPARATIVE STATEMENT OF NET ASSETS |
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| JUNE 30, 2007 AND 2006 |
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| ASSETS |
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2007 |
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2006 |
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| Current Assets: |
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| Cash
in Banks, H&W |
$ 348,549.60 |
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$ 423,456.61 |
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| Investments, H&W |
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- |
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- |
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| Prepaid Insurance, H&W |
- |
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- |
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| Accounts Receivable -
Interpool Loan |
- |
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- |
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| Accounts
Receivable - Assessments Billed |
614,438.36 |
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536,690.08 |
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| Accounts
Receivable - Future Assessments |
463,192.67 |
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440,064.12 |
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| Accounts Receivable -
Member Deductibles |
- |
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- |
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| Accounts Receivable -
Miscellaneous |
- |
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- |
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| Accounts Receivable -
Excess Insurance Company |
- |
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- |
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| Investment Interest
Receivable |
- |
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- |
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| TOTAL ASSETS |
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$ 1,426,180.63 |
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$ 1,400,210.81 |
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| LIABILITIES |
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| Current Liabilities: |
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| Claims
Reserve (Known) |
$ 43,004.99 |
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$ 42,550.15 |
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| Claims
Reserve (IBNR) |
420,187.68 |
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397,513.97 |
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| Notes Payable |
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- |
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- |
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| Accounts Payable |
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- |
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- |
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| Accounts Payable -
Interpool Loan |
- |
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- |
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| Fund Legal Fees Payable |
- |
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- |
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| Administrator's
Fee Payable |
18,357.72 |
|
17,274.42 |
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| Broker's Fee Payable |
- |
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- |
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| Stop
Loss Premium Payable |
34,263.55 |
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32,670.49 |
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| PPO
Network Fees Payable |
5,258.16 |
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5,095.02 |
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Total Current Liabilities |
$ 521,072.10 |
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$ 495,104.05 |
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| NET ASSETS |
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| Member Deposits |
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$ 905,104.08 |
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$ 905,104.08 |
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| Net Assets |
|
4.45 |
|
2.68 |
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Total Net Assets |
905,108.53 |
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905,106.76 |
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| TOTAL
NET ASSETS AND LIABILITIES |
$ 1,426,180.63 |
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$ 1,400,210.81 |
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