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Auditor‑Controller reports SJVIA cash position and net‑position figures; Gallagher settlement funds remain in pooled investments
Summary
The Auditor‑Controller's office updated the San Joaquin Valley Insurance Authority on cash averages and net position through March 2025, and said Gallagher settlement funds remain in the pooled investment account without a set transfer date to counties.
Jose Palacio of the Auditor‑Controller's office presented SJVIA cash‑flow and net‑position figures and answered questions about allocation of the Gallagher settlement funds.
Palacio reported the weekly cash average for SJVIA was about $44,451,117 with a low of $440,304,187 (transcription numeric formatting unclear in the slides) and a high of $49,072,843. He said the average cash position was projected to be about $51,621,302 for May–June under the assumption that fiscal‑year revenues would be received…
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