Annually, the Ferndale DDA Board of Directors and Executive Director draft a budget for its next fiscal year (July – June) by submitting it to the City of Ferndale as part of its annual budget adoption process. By Public Act 197, and Ordinance 703, the board shall annually prepare and shall submit to the council on the same date that the proposed budget for the city is required by the city charter to be submitted to the council. The board shall not finally adopt a budget for any fiscal year until the budget has been approved by the city council. The board may, however, temporarily adopt a budget in connection with the operation of any improvements which have been finance by revenue bonds where required to do so by the ordinance authorizing the revenue bonds.
Interim changes are submitted at the mid-year at the same time City of Ferndale approves mid-years, or as Board determines to submit to Council to make adjustments throughout the year.
The City budget workbook is now available online to see all departments and funds of the City. Here are the current budget workbooks:
2016/17 Biennial Budget
The Ferndale DDA recently met to balance its budget on April 30, 2015, to submit to the City by interim. For a better understanding of this budget, please feel free to review our presentation.
The Ferndale DDA uses the City of Ferndale’s auditors to audit its budget annually.