PUBLIC UTILITY RISK MANAGEMENT SERVICES
JOINT SELF-INSURANCE FUND
COMBINING LIABILITY, PROPERTY AND HEALTH & WELFARE POOLS
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET ASSETS
YTD MONTHS ENDED JUNE 30, 2007
OPERATING REVENUES: Liability Pool Property Pool H&W Pool Total
Premium Assessments  $    1,098,264.19  $       729,161.00  $                      -    $    1,827,425.19
General Assessments             82,275.00           118,050.00        3,296,681.98        3,497,006.98
General Assessments - Future           382,669.37             81,050.03               9,505.78           473,225.18
       
     Total Operating Revenues        1,563,208.56           928,261.03        3,306,187.76        5,797,657.35
OPERATING EXPENSES:
Claims Paid on Current Losses             20,814.98             25,516.98        2,911,283.16        2,957,615.12
Claims Paid on Prior Losses             72,783.38             33,432.10                          -             106,215.48
Established Claims Reserve           259,267.19           131,127.21             56,409.19           446,803.59
Adjustment to Prior Years Claims Reserve           123,402.18            (50,077.18)            (46,903.41)             26,421.59
Claims Adjustment on Prior Losses             23,728.06                          -                            -               23,728.06
Insurance Purchased           898,554.93           729,161.00           205,605.09        1,833,321.02
PPO Network Fee                          -                            -               31,693.79             31,693.79
Administrator's Fee           109,722.87             56,097.75           111,910.17           277,730.79
Brokers Fee             39,500.00             21,500.00                          -               61,000.00
Fund Legal Fees             20,331.08             81,920.83             22,742.10           124,994.01
General Expense                          -                            -                        1.01                      1.01
Professional Fees               4,634.88             30,592.60               9,087.66             44,315.14
       
     Total Operating Expense        1,572,739.55        1,059,271.29        3,301,828.76        5,933,839.60
     Operating Income (Loss)              (9,530.99)          (131,010.26)               4,359.00          (136,182.25)
NONOPERATING REVENUES (EXPENSES):
Interest on Investments             36,526.42               9,576.53                          -               46,102.95
     Total Nonoperating Revenue (Expenses)             36,526.42               9,576.53                          -               46,102.95
     Income (Loss) Before Extraordinary Items             26,995.43          (121,433.73)               4,359.00            (90,079.30)
CHANGE IN NET ASSETS             26,995.43          (121,433.73)               4,359.00            (90,079.30)
TOTAL NET ASSETS, January 01        1,926,962.18           618,836.91           900,749.53        3,446,548.62
TOTAL NET ASSETS, June 30  $    1,953,957.61  $       497,403.18  $       905,108.53  $    3,356,469.32