West Virginia Offices of the Insurance Commissioner 2009 Annual ...

October 2008 November 2008 December 2008
Revenue
Premium/Repayment Agreement Contributions $ (64,882.69) $ 94,446.48 $ 56,038.77
Personal Income Tax (PIT) * $ 10,600,000.00 $ 10,600,000.00 $ 10,600,000.00
Other Collections/Fees/License & Income ** $ 107,153.02 $ 68,347.48 $ 53,576.51
SI Bankruptcy Recoveries $ 486,330.68 $ 56,977.83 $ 65.00
Premium Recoveries - NCO Collection Agency $ 100.00 $ - $ -
Revenue Refunds to Employers $ - $ - $ -
Sub-Total $ 11,128,701.01 $ 10,819,771.79 $ 10,709,680.28
Statutory Transfers *** $ 20,240,971.01 $ 5,030,721.25 $ 8,740,134.45
Investment Earnings $(50,595,542.26) $ 65,860,164.81) $(21,817,711.90)
Total $ 19,225,870.24) $(50,009,671.77) $ (2,367,897.17)
Expenditures
Administrative Expense $ - $ - $ -
Public Employees Insurance $ (9,715.46) $ - $ (19,009.80)
Unemployment Compensation $ - $ - $ -
Contractual/Professional/TPA Services $ (1,424,452.62) $ (2,018,706.22) $ (1,558,266.34)
Payment of Claims (Net Overpayment Credits) $(21,158,139.46) $(19,796,533.83) $(21,458,880.05)
Total $(22,592,307.54) $(21,815,240.05) $(23,036,156.19)
Total Revenue less Expenditures $(41,818,177.78) $(71,824,911.82) $(25,404,053.36)
Prior Months Month Ending Cash Balance $ 4,771,904.72 $ 9,549,269.20 $ 13,093,528.58
Investment with WVIMB and WVBTI $ 46,595,542.26 $ 75,369,171.20 $ 23,417,711.90
Month Ending Cash Balance $ 9,549,269.20 $ 13,093,528.58 $ 11,107,187.12
Invested with WV Investment Management Board
(IMB) $690,162,083.52 $614,792,912.32 $591,375,200.42
Invested with WV Board of Treasury Investments (BTI)
Cash + Investments = Total Old Fund Balance $699,711,352.72 $627,886,440.90 $602,482,387.54
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