CMFO - Local Finance Notices Questions With Solutions 100% Correct
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Course
CMFO
Institution
CMFO
CMFO - Local Finance Notices
Questions With Solutions 100% Correct
When are monthly statements due to developers for escrow accounts? When charges to
the escrow account exceed $1.000
Corrective action cited in the corrective action plan must be initiated within ______________
after receipt o...
CMFO - Local Finance Notices
Questions With Solutions 100% Correct
When are monthly statements due to developers for escrow accounts? When charges to
the escrow account exceed $1.000
Corrective action cited in the corrective action plan must be initiated within ______________
after receipt of the audit report 6 months
Format of corrective action plan Finding/Condition
Recommendation
Explanation & Corrective Action
Implementation Date
Threshold for Single Audit $750.000 in federal funds expended
Maximum application fee for public defender $200
, CMFO - Local Finance Notices
Questions With Solutions 100% Correct
What is the maximum that can be held in the Public Defender Trust Fund? What happens to the
excess? When the amount exceeds by 25% the amount expended the prior year, the excess
amount shall be remitted to the Criminal Disposition and Review Collection Fund administered
by Victims of Crimes Compensation Board.
T/F - Public defender Salary & Operating expenses are part of the Court budget False
What are the books of original entry? Cash Receipts Journal
Cash Disbursement Journal
Payroll Journal
General Journal
The synopsis of all audits together with recommendations made by the RMA shall be published
at least _______________ in the official newspaper of the local unit within
__________________ of the receipt of the audit Once
30 days
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