CMFO Exam Question Bank with Answers

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 & corrective action; implementation date tax collector - ___________ mails out local assessment bills Department of Treasury - Oversight of PERS & PFRS is the 60 days - Corrective action must be adopted within _________ of receipt of the audit reports $1000 - Developer's Escrow monthly chargers greater than ________. The CFO must provide an accounting statement to the developer on a monthly basis. Local Finance Board intervention - Default on bonds, Tax Collection Rate is less than 70%, Cash Deficit of the tax levy in excess of 4% for 2 consecutive years