Serving Gogebic, Iron and Ontonagon Counties

Fiscal report shows 'healthy' fund balance for Wakefield-Marenisco


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MARENISCO - Members of the Wakefield-Marenisco Board of Education learned Monday night that the good news outweighs the bad in relation to an audit of the fiscal year ending on June 30.

According to Gus Ahonen, CPA, of Makela, Pollack, and Ahonen, PLLC, of Ironwood, the district had a pension liability of $5,659,153 net, as well as $1,492,314 net in other retiree liabilities at the end of the fiscal year.

He added, however, that these figures actually represent the district's share of the entire state's liability.

Moreover, he said, the district's share...