Cgfo - Study guides, Class notes & Summaries

CGFO - FINANCIAL ADMINISTRATION EXAM 2024/2025

According to GASB 10, list the types of risk - Torts Theft of damage to, or destruction of assets Business interuption Errors or omissions Job-related illnesses or injuries to employees Acts of God Any other risk of loss assumed under a policy or participation contract issued by a public entity risk pool Risk of loss resulting when an entity agrees to provide accident and health, dental, and other medical benefits to its employees. What are the two ways to mange risk? - Manage an organ...

According to GASB 10, list the types of risk - ️️Torts Theft of damage to, or destruction of assets Business interuption Errors or omissions Job-related illnesses or injuries to employees Acts of God Any other risk of loss assumed under a policy or participation contract issued by a public entity risk pool Risk of loss resulting when an entity agrees to provide accident and health, dental, and other medical benefits to its employees. What are the two ways to mange risk? - ️️Man...

Ad Valorem Tax A direct tax based "according to value" of property. Counties and school districts and municipalities usually are, and special tax districts may be, authorized by law to levy ad valorem taxes on property other than intangible personal property. Local governmental bodies with taxing power may issue bonds or short-term certificates payable from ad valorem taxation

According to GASB 10, list the types of risk Torts Theft of damage to, or destruction of assets Business interuption Errors or omissions Job-related illnesses or injuries to employees Acts of God Any other risk of loss assumed under a policy or participation contract issued by a public entity risk pool Risk of loss resulting when an entity agrees to provide accident and health, dental, and other medical benefits to its employees.

Account - ️️A separate financial reporting unit for budgeting, management, or accounting purposes. All budgetary transactions, revenue or expenditure, are recorded in these. Several related units may be grouped into a fund. A list of these units into which money can be put or taken is a "chart of ____________." Accountability types gained from information in the budget document - ️️1. Responding to bureaucratic or hierarchical authority, esp. Compliance with state laws 2. Reporting...

What does NACSLB stand for? National Advisory Council on State and Local Budgeting Components of Budgeting Best Practices 4 elements and 12 prinicples 4 elements of Budgeting 1. Establish goals 2. Develop Approach 3. Develop Budget 4. Evaluat

Account A separate financial reporting unit for budgeting, management, or accounting purposes. All budgetary transactions, revenue or expenditure, are recorded in these. Several related units may be grouped into a fund. A list of these units into which money can be put or taken is a "chart of ____________." Accountability types gained from information in the budget document 1. Responding to bureaucratic or hierarchical authority, esp. Compliance with state laws 2. Reporting to the ...

double barreled bonds blend of go and revenue bonds how to issue revenue bonds specific revenue pledged voter approval not req debt svc reserve may be req trustee req higher int rates than go

Alpha - ️️Measure of risk-adjusted performance Beta - ️️Measure of a fund's or a stock's risk in relation to the market or to an alternative benchmark Gamma - ️️Ratio of a change in the option delta to a small change in the price of the asset on which the option is written PERS - ️️Public Employee Retirement System CAFR - ️️Comprehensive Annual Financial Report PERS CAFR - ️️Comprehensive Annual Financial Report for a Public Employee Retirement System ...