Nj cmfo - Study guides, Class notes & Summaries

NJ CMFO Statutes Exam Review questions with correct answers

NJ CMFO Statutes Exam Review(Final Exam Review Statutes Portion) Rated 100% Correct!!

CMFO HOMMA THEORY True or False: Due from State of NJ for Sr. Citizen deduction can be anticipated as a revenue in the current fund budget as non-cash surplus. ANSWER-True—Need approval from DLGS for non-cash surplus. Trust Assessment fund cash is first pledged to: ANSWER-1. Retirement of serial bonds 2. General capital 3. General taxpayers Municipal Library is paid on a __________________ Basis ANSWER-Quarterly Basis True or False: Budget transfer from the Capital Improvement...

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 Complete Questions And Answers With Verified Updates True or False: Due from State of NJ for Sr. Citizen deduction can be anticipated as a revenue in the current fund budget as non-cash surplus. True--Need approval from DLGS for non-cash surplus. Trust Assessment fund cash is first pledged to: 1. Retirement of serial bonds 2. general capital 3. general taxpayers Municipal Library is paid on a __________________ Basis Quarterly Basis True or False: Budget transfer fro...

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 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 HOMMA THEORY EXAM COMPLETE QUESTIONS AND ANSWERS

NJ CMFO questions and 100% correct answers