The Daily Globe - Serving Gogebic, Iron and Ontonagon Counties

Wakefield-Marenisco hears good, bad news on audit


December 19, 2018

P.J. Glisson/Daily Globe

SHARING MOSTLY good news on an audit of the Wakefield-Marenisco School District is CPA Karl Ahonen of Ironwood at Monday evening's board of education meeting in school board chambers.


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WAKEFIELD - The Wakefield-Marenisco School Board heard an audit report of good and bad news from accountant Karl Ahonen of Ironwood at its Monday evening meeting.

"The school is in very good shape compared to other school districts," said Ahonen after noting that, as of June 30, 2018, the district's combined liability for its retirement fund and retiree health care fund is more than $6.5 million.

"Those are big numbers for this school district," he said, but added, "The state does not use these numbers in determining your (acknowledged) deficit."


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