2024-11-13T11:13:11-06:00 2023-12-31 990 2023-01-01 943089231 SNOHOMISH COUNTY PUD VOLUNTARY BENEFICIARY ASSN % KIMBERLY SMALLWOOD SNOH 4257838452 PO BOX 1107 EVERETT WA 982061107 KIMBERLY SMALLWOOD US BANK VP RELATIONSHIP MANAGER 4257838452 2024-11-13 false 2023 2024-10-15 13:58:12Z SHAWN HUNSTOCK PO BOX 1107 EVERETT WA 98206 29189410 false X X 2001 WA THE SOLE PURPOSE OF VEBA IS TO PROVIDE FOR THE PAYMENT OF BENEFITS UNDER SPECIFIC DISTRICT WELFARE BENEFIT PLANS LIFE SICK ETC 6 6 0 0 0 24086464 27355183 -707522 598879 1125962 1235348 24504904 29189410 0 26438941 29078527 0 0 0 1107438 1156900 27546379 30235427 -3041475 -1046017 13642744 12567231 2347265 3038769 11295479 9528462 THE SOLE PURPOSE OF VEBA IS TO PROVIDE FOR THE PAYMENT OF BENEFITS UNDER SPECIFIC DISTRICT WELFARE BENEFIT PLANS (LIFE, SICK, ACCIDENT, OR OTHER BENEFITS FOR ELIGIBLE MEMBERS). false false 29078527 29189410 PAYMENT OF MEDICAL CLAIMS AND PREMIUMS TO OR FOR MEMBERS. 1004549 152351 30235427 false true false false false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 false 0 false false false false false false false false false false X 6 6 false false false false false false false true true false false true true false false true true false false false WA X MATTHEW ORCILLA 4257838452 2320 CALIFORNIA STREET EVERETT WA 98201 X STEVE HASTINGS TRUSTEE 1.000 X 0 0 0 NICHOLAS LUSCH TRUSTEE 1.000 X 0 0 0 DANA POLLOW TRUSTEE 1.000 X 0 0 0 COLLIN WILLENBROCK TRUSTEE 1.000 X 0 0 0 SHAWN HUNSTOCK TRUSTEE 1.000 X 0 0 0 AUSTIN GRANT TRUSTEE 1.000 X 0 0 0 US BANK NATIONAL ASSN TRUSTEE 1.000 X 0 0 0 false false false EMPLOYER 525100 23940126 23940126 EMPLOYEE 525100 2952245 2952245 RETIREE 525100 462812 462812 27355183 598879 598879 0 MISC CREDITS 525100 1235348 1235348 1235348 29189410 29189410 29078527 SELF INSURED ASO FEES 1004549 ADMINISTRATIVE EXPENSES 152351 30235427 0 0 0 45655 52154 13552730 12475706 44359 39371 13642744 12567231 2347265 3038769 2347265 3038769 X 11295479 9528462 11295479 9528462 13642744 12567231 X -1046017 -721000 X false true true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false 39371 F 39371 29189410 29189410 29189410 30956427 721000 721000 30235427 30235427 P10, Ln 2 VEBA FILES A FORM 990 ANNUALLY BECAUSE IT IS EXEMPT FROM FEDERAL INCOME TAX P10, Ln 2 UNDER SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE (IRC). EXCEPT TO THE P10, Ln 2 EXTENT OF UNRELATED BUSINESS TAXABLE INCOME AS DEFINED UNDER IRC SECTIONS P10, Ln 2 511 THROUGH 515. VEBA EVALUATES UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH P10, Ln 2 ASC 450-10-05. ACCOUNTING FOR CONTINGENCIES, WHEREBY THE EFFECT OF THE P10, Ln 2 UNCERTAINTY WOULD BE RECORDED IF THE OUTCOME WAS CONSIDERED PROBABLE AND P10, Ln 2 REASONABLY ESTIMABLE. AS OF DECEMBER 31, 2023 VEBA HAD NO UNCERTAIN TAX P10, Ln 2 POSITIONS REQUIRING ACCRUAL. P10, Ln 2 IN ACCORDANCE WITH GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. P10, Ln 2 THE VEBA ADMINISTRATOR HAS EVALUATED VEBA'S TAX POSITIONS AND DOES NOT P10, Ln 2 BELIEVE THAT VEBA HAS ANY UNCERTAIN TAX POSITIONS THAT REQUIRE DISCLOSURE P10, Ln 2 OR ADJUSTMENT TO THE FINANCIAL STATEMENTS. VEBA IS SUBJECT TO ROUTINE P10, Ln 2 AUDITS BY TAXING JURISDICTIONS. THERE ARE CURRENTLY NO AUDITS FOR ANY TAX P10, Ln 2 PERIODS IN PROGRESS. THE VEBA ADMINISTRATOR BELIEVES THAT VEBA IS NO LONGER P10, Ln 2 SUBJECT TO TAX EXAMINATIONS FOR THE YEARS PRIOR TO 2019. Part VI Line 11b ACCOUNTING PROVIDES A COPY OF THE FINANCIAL STATEMENTS Part VI Line 11b QUARTERLY TO THE FINANCE MANAGER AND VEBA COMMITTEE FOR REVIEW. Part VI Line 19 AVAILABLE UPON REQUEST Part XI Line 9 IBNR ACTUARIAL ADJUSTMENT - $721,000 REASON FOR NOT FILING ON TIME THE VEBA TRUST'S YEAR END IS DECEMBER 31, 2023. THE VEBA TRUST HAS UNTIL REASON FOR NOT FILING ON TIME MARCH 31, 2024 TO SUBMIT CLAIMS AS OF DECEMBER 31, 2023. FOR THE FLEXIBLE REASON FOR NOT FILING ON TIME SPENDING ACCOUNT, VEBA DOES NOT RECEIVE THE MARCH 31, 2023 BANK STATEMENT REASON FOR NOT FILING ON TIME UNTIL APR 2024. THE BANK STATEMENT HAS TO BE RECONCILED BY HUMAN REASON FOR NOT FILING ON TIME RESOURCES AND THE ACCOUNTING DEPARTMENT.