Dear Ferndale Family,
Immediately prior to the beginning of the Stay at Home order, the Ferndale Schools community overwhelmingly voted to support our bond campaign. This week, the sale of the first series of bonds was held. The expected interest rate on the bonds was 3%; however, the actual rate on the sale was 2.818503%. This will yield $11 million in savings for our community on just this first series of bonds. A huge thank you goes out to our Assistant Superintendent of Business Services, Nancy Hoover, for leading this project.
We also received the results of a community survey conducted by the City of Ferndale this week. This survey showed tremendous gains in the community's perception of Ferndale Schools compared to the previous time the survey was conducted in 2009, and the results ranked us at or near the top in all categories against state and national averages. Please read the story below for more analysis, and a reminder of our commitment to continuous improvement.