Cmfo exam answers - Study guides, Class notes & Summaries

CMFO Exam Questions And Answers Already Graded A

CMFO - Finance Admin Final Exam Study Guide with 100% Correct Answers | Verified | Latest Update 2024|Rated A+ The debt limit of a municipality may not exceed what percentage of the prior three years equalized assessed real property valuations - 3.5% 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 - CFO Prior to any purchase of goods certification of available funds must be made by the - CFO Authoritie...

CMFO Exam Questions And Answers Already Graded A+

CMFO Exam - Theory & Statutes Verified Questions And Answers 100% Correct Quiz What are the four divisions of the Department of Community Affairs? 1. Division of Housing & Community Resources 2. Division of Codes & Standards 3. Division of Fire Safety 4. Division of Local Government Services What is the primary purpose of the Division of Local Government Services? - to maintain the financial integrity & solvency of all local government units (municipalities, authorities, special distric...

CMFO Statutes Exam Prep Complete Questions And Answers 2023 The Local Budget Law, N.J.S.A. 4OA:4—31(b) requires any municipality dec±ding to convert to a State Fiscal Year from a Calendar Fiscal Year perform the following: A. Apply to the Division of Local Government Services B. Apply to the Local Finance Board C. Apply to the Commissioner of the Department of Community Affairs D. All the above E. None of the above B. Apply to the Local Finance Board When converting to a State Fisc...

CMFO Exam - Current Fund Questions And Complete Answers

CMFO Exam Question Bank With Verified Answers 100% Correct 2023 True T/F: Due from State of New Jersey for Senior citizen Deductions can be anticipated as a revenue in the current fund budget as non-cash surplus Retirement of serial bonds Trust Assessment Fund cash is first pledged to: Quarterly basis Municipal Library Levy is paid on a True T/F: budget transfers from Capital Improvement Fund are not permitted Corrective Action Plan Finding/Condition; Recommendation; explanation & c...

CMFO Exam - Current Fund Complete Questions And Answers With Verified Solutions Name the two types of local units of government in NJ 1. Municipalities 2. Counties A municipality & county are essentially: - corporations created by the State's Constitution and statutes A municipal corporation is designed to: - aid the municipality in carrying out specific activities A municipal corporation has the following powers: (5) 1. to sue & be sued, to defend & be defended in all courts of law ...

CMFO HOMMA THEORY EXAM COMPLETE QUESTIONS AND ANSWERS

Local Bond Law (Statute #) NJSA 40A:2 Local Budget Law (Statute #) NJSA 40A:4 Local Fiscal Affairs Law (Statute #) NJSA 40A:5 Local Public Contracts Law NJSA 40A:11 Encumbrance System (TAD#) TAD 85-1 Fixed Assets (TAD#) TAD 85-2 General Ledger (TAD#) TAD 85-3