Serving Gogebic, Iron and Ontonagon Counties
Serving Gogebic, Iron and Ontonagon Counties
By JUSTIN LIBERTOSKI
BESSEMER — The Bessemer School Board discussed the audit report for the 2016 year Monday.
Joe Verlin, from the accounting firm Gabridge, gave the report.
According to Verlin, the district’s fund balance is $382,000, which is 9.7 percent of the annual budget. The state recommends a fund balance of five percent or more.
The district was also issued an unmodified opinion, which is the highest opinion that they can receive. Board member Al Gaiss believes that it is the 25th consecutive year that they have received the highest award for the audit report....
