Houghton Accepts Annual Audit

The Houghton City Council accepted their audit for the 2015-16 year at their regular meeting Wednesday.

City Manager Eric Waara said the audit showed an increase in net position over the previous year.

Two items were noted–the city does not employ a certified public accountant, choosing instead to have a CPA Auditor handle their accounting, and that accountant also makes the adjustments to the budget at the end of the year.

Waara said both of those findings appear in every audit because of the city’s accounting procedure.