The Daily Globe - Serving Gogebic, Iron and Ontonagon Counties

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

 

October 30, 2019

P.J. Glisson/Daily Globe

GUS AHONEN, standing, addresses members of the Wakefield-Marenisco Board of Education at their Monday evening meeting in the Marenisco Town Hall. From left are Superintendent Jason Gustafson, Trustee Marg Lynott, Treasurer Marsha Vestich, Business Manager Tina Trevarthen, Vice President Micki Sorensen and Secretary Stacie Rooni. President Brad Dalbec has his back turned. Ahonen was presenting results of a fiscal audit.

By P.J. GLISSON

news@yourdailyglobe.com

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 sh...



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