The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the City of Ferndale, Michigan, and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements, which are reconciled in Note 5.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts (if any) shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available. The City of Ferndale has elected to not use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance for awards executed on or before September 30, 2024, and also has elected not to use the 15-percent de minimis indirect cost rate allowed under the Uniform Guidance for awards executed on or after October 1, 2024.
The following description identified below as (a) represents explanations that cross references to amounts on the Schedule of Expenditures of Federal Awards: (a) Denotes programs tested as a “major program”.
No federal awards were passed through by the City to any subrecipients during the year.
The following reconciles the intergovernmental revenues reported in the June 30, 2025, basic financial statements to the expenditures of the City administered federal programs reported on the Schedule of Expenditures of Federal Awards: Adjustments: Adjustments: Inter- Amounts received Federal governmental State/Local for Prior Year Award Revenue Revenue Federal Awards Expenditures PRIMARY GOVERNMENT General Fund $ 5 ,809,550 $ (5,598,607) $ - $ 210,943 Other Governmental Funds 4,274,819 (3,500,338) (79,406) 695,075 Enterprise Funds 157,390 (157,390) - - $ 10,241,759 $ (9,256,335) $ (79,406) $ 906,018