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Interim CFO: $1.3 billion average cash, 4.4% return through November; internal-audit finalists narrowed
Summary
Interim CFO James Simpson reported an average cash balance of roughly $1.3 billion for 2024, an average investment return of 4.4% (about $58 million through November), and said the board will consider selecting an internal-audit vendor with finalists presented in February.
Interim Chief Financial Officer James Simpson told the Indianapolis City Health & Hospital board that the authority’s draft 2024 annual investment report shows average monthly cash balances of approximately $1.3 billion and an average investment return of 4.4% through November.
"We earned an average return on our investment of 4.4%," Simpson said during the meeting, adding that the return equated to about $58 million in investment income through November.…
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