FHS Cashflow Analysis 2/29/2024

FHS Cashflow Analysis 1/31/2024

FHS Cashflow Analysis 12/21/2023

FHS Cashflow Analysis 10/31/2023

FHS Cashflow Analysis 8/31/2023

FHS Cashflow Analysis 7/31/23

FHS Cashflow Analysis 6/30/23

FHS Cashflow Analysis 4/30/23

FHS Cashflow Analysis 3/31/23

FHS Cashflow Analysis 2/28/23

FHS Cashflow Analysis 1/13/23

FHS Cashflow Analysis 12/09/22

FHS Cashflow Analysis 11/04/22

FHS Cashflow Analysis 8/31/22

FHS Cashflow Analysis 8/11/22

FHS Cashflow Analysis 7/08/22

FHS Cashflow Analysis 6/17/22

FHS Cashflow Analysis 4/30/22

FHS Cashflow Analysis 3/31/22

FHS Cashflow Analysis 2/28/22

FHS Cashflow Analysis 1/31/22

FHS Cashflow Analysis 12/31/21

FHS Cashflow Analysis 11/16/21

FHS Cashflow Analysis 10/12/21

FHS Cashflow Analysis 9/17/21FHS Cashflow Analysis 8/16/21

July 2023- November 2023

January 2023 - June 2023

April 2022 - July 2022

April 2021 - August 2021

November 2020 - March 2021

Ferndale, WA- This week, Ferndale School District received its bond rating from Moody’s Investors Service who determined that the district maintains its Aa2 rating. The rating reflects the district’s healthy reserve funds as compared to our statewide peers.

As part of a municipal bond sale, Moody’s Investors Service evaluates our current and projected future financial health in order to assign a bond rating. The process consisted of Superintendent, Linda Quinn, and Assistant Superintendent, Mark Deebach working with the district’s financial and legal advisors from DA Davidson, K&L Gates and Northwest Municipal Advisors. The team submitted a report and participated in an interview with members of Moody’s Investors Services.

This is good news for the district and better news for our taxpayers. While it has no direct financial benefit to the district, it provides a major benefit to the taxpayers by providing lower interest rates translating to a savings of hundreds of thousands of dollars.

“We are very pleased to maintain our bond rating through the ups and downs of the economy the last several years,” said Assistant Superintendent Deebach.  “It allows us to keep our commitment to the taxpayers by making sure our tax rates are lower than we forecasted when we took the bond proposal to our voters.” The district is proud of the rating that allows us the ability to continue saving money for taxpayers without sacrificing the quality of our educational system. Which is always a good thing.

The Ferndale School Board welcomes newly selected Bond Oversight Committee Members Riley Cornelsen, Anya Milton, Bo Smith, Dan Cornelsen, Adam Rustad, Sandi McMillan, and Mark Harting.

Ferndale School District is seeking potential authors for the voter’s pamphlet statements supporting and opposing the Ferndale School District bond measure that will appear on the November 6, 2018 ballot.

Quote from School Board President Kevin Erickson:

“First, I want to extend sincere thanks to the Ferndale Community Bond Task Force on behalf of the entire School Board,” said Ferndale School Board President Dr. Kevin Erickson. “I am excited to announce that the School Board has adopted the full suite of Task Force recommendations and we plan to refer the package to voters for consideration in November. The Task Force group brought us a very thoughtful, cost-efficient package with the added benefit of an Oversight Committee. The Board believes strongly in citizen oversight for Bond planning and spending. We are confident in the recommendations we received from the Task Force and look forward to discussing the proposal with voters in advance of the November election.”