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Audit finds healthy cash position; board agrees to explore investing reserve funds
Summary
An independent auditor told the Louisiana State Board of Medical Examiners that financial statements were materially correct, assets rose about $700,000 and operating cash flow was positive; the board voted to explore investment advisers and options for reserve funds while noting legal limits and risk.
An independent auditor told the Louisiana State Board of Medical Examiners that the agency's financial statements for the most recent fiscal year were materially correct and that the board's financial position had strengthened, prompting a board discussion and a vote to explore investing reserve funds with professional advice.
Mike, the auditor presenting the report, summarized the audit opinion for the board:…
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