Ironwood gets 'clean opinion' in 2011-12 annual audit report
IRONWOOD — The city of Ironwood received a “clean opinion” in the 2011-12 audit that was reviewed by the city commission in a work session on Monday.
Tony Pollack, of Joki, Makela, Pollack and Ahonen, reviewed the 100-plus-page audit for the one-year period extending to July 1, 2012.
A clean opinion is the best type of report an audited municipality may receive from an auditing firm.
Pollack said there was a $1,264,000 general fund balance and it had increased $219,000 during the fiscal year, a good sign.
The audit was somewhat unusual in that it reflected huge profits in the utility...