SUMMARY

We completed a final financial audit of the Health Insurance Risk-Sharing Plan (HIRSP) and provided an unmodified opinion on the HIRSP Authority’s financial statements for the two-month period ended February 28, 2014. We also reviewed the close out of the financial activity of the HIRSP plans through May 2015. As of May 31, 2015, a cash balance of $1.4 million remained. We recommend that OCI return any required funds to the federal government and work with the HIRSP Advisory Committee to determine the appropriate actions related to the remaining cash balance.