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City of Ferndale
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Municipality & ACFR Details
Type
City/Town Government
State
Michigan
County
Oakland County
FY Period
Jul 2022 - Jun 2023
MuniScore
Score not available
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Log inFinancial Summary
For FY2023, this municipality reported a total fund balance of $6.9M. Total assets were $8.8M against total liabilities of $1.8M. For the General Fund, total revenues were $24.2M and expenditures were $24.1M. After other financing sources and uses, the net change in fund balance was $257K. The operating margin was 0.6%.