Cmfo local bond law - Study guides, Class notes & Summaries

CMFO EXAM QUESTIONS CMFO EXAM QUESTIONS WITH GUARANTEED ACCURATE ANSWERS| VERIFIED Every Audit Required by the Local Fiscal Affairs Law is required to be completed by: - Accurate AnswerAn RMA (Registered Municipal Accountant). The statutory responsibility for filing the AFS is assigned to: - Accurate AnswerCFO. A local government officer that serves on the agency that approves development applications refers to a member of which board? - Accurate AnswerPlanning Board Cash manage...

CMFO - LOCAL BOND LAW QUESTIONS

CMFO - Local Bond Law Questions With Solutions 100% Correct Maximum number of annual installments for special assessments 20 years Vote to introduce by title and approve a bond ordinance Majority of full membership T/F - The Local Bond Law permits the inclusion of expenses associated witht he purpose of a capital project. Some of those expenses are architect's fees, accounting, engineering & inspection costs. In addition, it is permitted to include the interest on obligations until t...

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 ...

NJ CMFO Statutes Exam Review 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: - 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 - Local Finance Board Local Budget Law 40A:4-3.2 Adoption of State fiscal year; when converting to a state fiscal year calendar...

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 - Local Bond Law Questions & Answers 2023(A+GRADED 100%VERIFIED)

CMFO Exam Statutes Review Questions And Answers With Verified Solutions 2023 Registered Municipal Accountant Every audit required by the Local Fiscal Affairs Law N.J.S.A. 40A:5-9 is required to be completed by an accountant or auditor who holds an uncanceled license as: Chief Financial Officer The statutory responsibility for the filing of the Unaudited Annual Financial Statements is assigned to which local government official by N.J.S.A. 40A:5-12 Planning Board As defined in the "Local...

CMFO Exam - Practice Questions And Answers With Verified Solutions Graded A+ Every Audit Required by the Local Fiscal Affairs Law is required to be completed by: An RMA (Registered Municipal Accountant) The statutory responsibility for filing the AFS is assigned to: CFO A local government officer that serves on the agency that approves development applications refers to a member of which board? Planning Board Cash management plan must be approved annual by the: Governing Body The l...