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KPMG issues clean opinion on HSS financials; trust net assets rose to $72.5M
Health Service Board, City and County of San Francisco · December 14, 2017
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Summary
KPMG reported an unqualified audit opinion for FY ending 06/30/2017 with no corrected or uncorrected misstatements. HSS trust net assets rose to $72.5 million, driven by a mix of rate subsidies and other adjustments.
KPMG presented the audited financial statements for the fiscal year ended June 30, 2017, and issued an unqualified (clean) opinion. Audit manager Jia (Jie) Hua Lee (KPMG) told the board the audit found no corrected or uncorrected misstatements and no control deficiencies warranting…
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