Cmfo local budget law - Study guides, Class notes & Summaries

Local Bond Law (Statute #) - ANSWER-NJSA 40A:2 Local Budget Law (Statute #) - ANSWER-NJSA 40A:4 Local Fiscal Affairs Law (Statute #) - ANSWER-NJSA 40A:5 Local Public Contracts Law - ANSWER-NJSA 40A:11 Encumbrance System (TAD#) - ANSWER-TAD 85-1 Fixed Assets (TAD#) - ANSWER-TAD 85-2 General Ledger (TAD#) - ANSWER-TAD 85-3 Annual Audit Must be Conducted by a: - ANSWER-Registered Municipal Accountant Accounting Formula(s) - ANSWER-Assets = Liabilities + Fund Balance or Ass...

NJ CMFO Statutes Exam Review |Questions with 100% Correct Answers | Verified Every audit required by the Local Fiscal Affairs 40A:5-9 is required be completed by an accountant or auditor who holds an uncanceled license as: - answerRegistered Municipal Accountant Local Budget Law, N.J.S.A. 40A: 4-3.1 (b) requires any municipality deciding to convert to a State Fiscal Year from Calendar Fiscal Year must apply to - answerLocal Finance Board Local Budget Law 40A:4-3.2 Adoption of State fiscal...

NJ CMFO Statutes Exam Review Solved 100% Correct!

CMFO Statutes Exam Questions & Answers 2023(A+GRADED 100%VERIFIED)

CMFO Exam Review Solved 100% Correct!

Every audit required by the Local Fiscal Affairs 40A:5-9 is required be completed by an accountant or auditor who holds an uncanceled license as: - ANSWER Registered Municipal Accountant Local Budget Law, N.J.S.A. 40A: 4-3.1 (b) requires any municipality deciding to convert to a State Fiscal Year from Calendar Fiscal Year must apply to - ANSWER Local Finance Board Local Budget Law 40A:4-3.2 Adoption of State fiscal year; when converting to a state fiscal year calendar from a calendar year ...

CMFO - Local Budget Law | Questions with 100% Correct Answers | Verified A Governing Body may increase it's appropriations cap to ________ by passing a _______________________________ - answerc. 3.5% by passing a cost of living adjustment ordinance The flexible chart of accounts is a coding system which categorizes: a. Debt service payments b. Capital Projects c. Budget appropriations and revenues d. Utility Rates - answerc. Budget appropriations and revenues The reserve for uncollect...

A Governing Body may increase it's appropriations cap to ________ by passing a _______________________________ c. 3.5% by passing a cost of living adjustment ordinance The flexible chart of accounts is a coding system which categorizes: a. Debt service payments b. Capital Projects c. Budget appropriations and revenues d. Utility Rates c. Budget appropriations and revenues The reserve for uncollected taxes is: a. a line item for tax credits for seniors & veterans b. The tax rate of the ...

CMFO - Finance Admin Exam Study Guide |Questions with 100% Correct Answers | Verified The debt limit of a municipality may not exceed what percentage of the prior three years equalized assessed real property valuations - answer3.5% The corrective action plan must describe how the local unit will correct the problems cited in the audit and be filed with DLGS by the - answerCFO Prior to any purchase of goods certification of available funds must be made by the - answerCFO Authorities and ...

NJ CMFO Statutes Exam Review |Questions with 100% Correct Answers | Verified Every audit required by the Local Fiscal Affairs 40A:5-9 is required be completed by an accountant or auditor who holds an uncanceled license as: - answerRegistered Municipal Accountant Local Budget Law, N.J.S.A. 40A: 4-3.1 (b) requires any municipality deciding to convert to a State Fiscal Year from Calendar Fiscal Year must apply to - answerLocal Finance Board Local Budget Law 40A:4-3.2 Adoption of State fiscal...