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MEDICAL INSURANCE TRUST FUND ATTACHMENT 1B <br /> Calculation of Excess Fund Balance <br /> As of December 31,2023 <br /> Trust balance: <br /> Checking account-Pacific Premier Bank $ 242,015 <br /> Brokerage Account-Charles Schwab 6,296,503 <br /> Trust balance as of December 31, cash basis 6,538,518 <br /> Total insurance premiums (December coverage): <br /> Medical, dental, and vision 814,677 <br /> Long-term disability 20,296 <br /> Life insurance 2,385 <br /> Total insurance premiums (December coverage) 837,358 <br /> Employees'share of premiums contribution (December coverage): <br /> Payroll deductions- medical (44,402) <br /> Payroll deductions-dental (10,996) <br /> Payroll deductions-vision (3,844) <br /> Total employees'share of premiums contribution (December coverage) (59,242) <br /> Total insurance premiums, net 778,116 <br /> Times 4 4 <br /> 4 x total insurance premiums, net $ 3,112,464 <br /> Excess trust fund balance $ 3,426,054 <br /> 9 <br />