The Daily Globe - Serving Gogebic, Iron and Ontonagon Counties

Bessemer Area Schools receive financial bill of health report


November 2, 2017

Ian Minielly/Daily Globe

SUE BUITENHUIS, CPA for Gabridge and Company briefs the public and Bessemer Area School board Oct. 23 at the A.D. Johnston school.


BESSEMER - Gabridge and Company, represented by Sue Buitenhuis, provided a clean financial bill of health for the Bessemer Area Schools on Oct. 24.

Buitenhuis issued, "The highest opinion you can receive and this is the standard you should shoot for." She followed that statement by comparing the BAS to other school districts and saying Bessemer has a low amount of debt compared to other school districts.

The total long-term debt as of June 2017 for Bessemer was at $6,190,087. However, of that number, $5,486,532 is for the net pension liability f...

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