Cmfo state exam - Study guides, Class notes & Summaries

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NJ CMFO Statutes Exam Review |Questions with 100% Correct Answers | Verified 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: - answerRegistered 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 - answerLocal Finance Board Local Budget Law 40A:4-3.2 Adoption of State fiscal...

True - ANSWER-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 - ANSWER-Trust Assessment Fund cash is first pledged to: quarterly basis - ANSWER-Municipal Library Levy is paid on a True - ANSWER-T/F: budget transfers from Capital Improvement Fund are not permitted Corrective Action Plan - ANSWER-Finding/Condition; Recommendation; explanation & corrective action; im...

CMFO Statutes Exam Questions & Answers 2023(A+GRADED 100%VERIFIED)

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NJ CMFO Statutes Exam Review |Questions with 100% Correct Answers | Verified 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: - answerRegistered 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 - answerLocal Finance Board Local Budget Law 40A:4-3.2 Adoption of State fiscal...

True - ANSWER 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 - ANSWER Trust Assessment Fund cash is first pledged to: quarterly basis - ANSWER Municipal Library Levy is paid on a True - ANSWER T/F: budget transfers from Capital Improvement Fund are not permitted Corrective Action Plan - ANSWER Finding/Condition; Recommendation; explanation & corrective action; im...

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 Fund are not permitt...