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SJVIA reports $44 million average cash position; Tulare shows minor reserve shortfall
Summary
San Joaquin Valley Insurance Authority staff reported a weekly average cash position near $44.5 million and a projected May–June balance around $51.6 million; consultants said Tulare County shows a small reserve shortfall after required funding adjustments.
San Joaquin Valley Insurance Authority staff told the board on May 20 that the plan’s weekly average cash position has been roughly $44,451,117 and that projected cash between May and June is about $51,621,302.
Jose Palacio of the Auditor-Controller’s office presented the cash update, saying the SJVIA weekly cash average “has been around $44,451,117” with a low of $40,304,187 and a high of $49,072,843. Palacio said Anthem claim-related cash averaged…
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