Cmfo finance admin Study guides, Class notes & Summaries

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 - Finance Admin (T/F) Local units may not utilize or similar sites for the purposes of selling surplus property online,except if an item's value is below 15% of the local unit's bid threshold - True School debt is reported on the municipality's annual debt statement - True School districts are governed by NJSA 40A et seq - False The governing body of a municipality may change the type of school district by ordinance - False School debt limit is based on the district's ...

CMFO - Finance Admin Exam Study Guide 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 Authorities and utilities are funded by - User Fees The audit of the Fire ...

CMFO - Finance Admin The debt limit of a municipality may not exceed what percentage of the prior three years equalized assessed real property valuations ANSWER-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 ANSWER-CFO Prior to any purchase of goods certification of available funds must be made by the ANSWER-CFO Authorities and utilities are funded by ANSWER-User Fees The audit of th...

CMFO - Finance Admin (T/F) Local units may not utilize or similar sites for the purposes of selling surplus property online,except if an item’s value is below 15% of the local unit’s bid threshold ANSWER-True School debt is reported on the municipality’s annual debt statement ANSWER-True School districts are governed by NJSA 40A et seq ANSWER-False The governing body of a municipality may change the type of school district by ordinance ANSWER-False School debt limit i...

CMFO - Finance Admin Questions And Answers With Verified Solutions 2023 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 Authorities and utilities are funded by User Fees ...

Local units may not utilize or similar sites for the purposes of selling surplus property online,except if an item's value is below 15% of the local unit's bid threshold - True School debt is reported on the municipality's annual debt statement - True School districts are governed by NJSA 40A et seq - False The governing body of a municipality may change the type of school district by ordinance - False School debt limit is based on the district's grade configuration - True Municipal ...

CMFO - Finance Admin Exam Study Guide |Questions with 100% Correct Answers | Verified The debt limit of a municipality may not exceed what percentage of the prior three years equalized assessed real property valuations - answer3.5% 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 - answerCFO Prior to any purchase of goods certification of available funds must be made by the - answerCFO Authorities and ...

NJ CMFO - Municipal Finance Administration Questions And Answers With Verified Quiz 21 Number of counties in NJ (1) 565 Number of municipalities in NJ (1) 1. City 2. Town 3. Township 4. Borough 5. Village 5 types of local government (1) TRADITIONAL COUNTY PLANS Elected freeholders as general govt body, 3 yr overlapping terms. Policy making at administrative level (FH are all admins) OPTION COUNTY CHARTER PLANS 3, 5, 7 or 9 members, concurrent or overlapping terms, FHs elected...

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 Authorities and utilities are funded by - User Fees The audit of the Fire District must be filed with the governing body wh...