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KPMG issues clean FY2014 audit; HSS trust ends year with $92.8 million net assets
Summary
KPMG reported an unmodified opinion and no internal control deficiencies for the Health Service System FY2014 audit; HSS CFO Pamela Levin said the trust held $92.8 million in net assets at 6/30/2014 with $77 million in obligations and plans to use excess premiums to stabilize future rates.
KPMG presented the Health Service System’s fiscal‑year 2013–14 audit results to the board on Sept. 11 and issued two clean opinions: an unmodified audit opinion on the financial statements and a clean report on internal control and compliance under government auditing standards.
Jamie Cavan, Senior Manager at KPMG, highlighted significant year‑over‑year variances: the reserve…
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