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San Francisco HSS receives clean audit; board accepts FY2015 financial statements
Summary
KPMG issued an unmodified (clean) opinion on HSS financial statements for year ending 6/30/2015; auditors reported no deficiencies and the board voted to accept the audited statements after staff explained drivers of a $11.3M net asset decrease.
KPMG presented an unmodified (clean) opinion on the City and County of San Francisco Health Service System's financial statements for the year ended June 30, 2015, and the Health Service Board voted Dec. 9 to accept the statements.
"We had performed the audit of the financial statements of HSS in accordance with generally accepted auditing standards ... the result of that report is an unmodified or clean opinion," KPMG manager Jewel Lee told commissioners during a scheduled audit presentation. Lee also said the required Report on Internal Control over Financial Reporting identified no deficiencies.
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