NJ CMFO - MUNICIPAL FINANCE ADMINISTRATION QUESTIONS AND CORRECT ANSWERS

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NJ CMFO - MUNICIPAL FINANCE ADMINISTRATION QUESTIONS AND CORRECT ANSWERS

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2025/2026

Institution CMFO

Course CMFO

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NJ CMFO - MUNICIPAL FINANCE ADMINISTRATION QUESTIONS AND CORRECT ANSWERS

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NJ CMFO - MUNICIPAL FINANCE
ADMINISTRATION QUESTIONS AND
CORRECT ANSWERS
21A2-A2Ans--NumberA2ofA2countiesA2inA2NJA2(1)

565A2-A2Ans--NumberA2ofA2municipalitiesA2inA2NJA2(1)

1.A2City
2.A2Town
3.A2Township
4.A2Borough
5.A2VillageA2-A2Ans--5A2typesA2ofA2localA2governmentA2(1)

TRADITIONALA2COUNTYA2PLANS
ElectedA2freeholdersA2asA2generalA2govtA2body,A23A2yrA2overlappingA2terms.A2PolicyA2mak
ingA2atA2administrativeA2levelA2(FHA2areA2allA2admins)

OPTIONA2COUNTYA2CHARTERA2PLANS
3,A25,A27A2orA29A2members,A2concurrentA2orA2overlappingA2terms,A2FHsA2electedA2fromA2di
strictsA2orA2atA2largeA2orA2both.A2
1.A2CountyA2ExecutiveA2Plan-
A2electedA2countyA2exec,A2apptsA2countyA2adminA2withA2adviceA2ofA2electedA2freeholdersA2
(5)

2.A2CountyA2managerA2plan-A2electedA2freeholdersA2apptA2countyA2adminA2(1-A2Union)

3.A2CountyA2supervisorA2planA2-
A2electedA2freeholdersA2apptA2countyA2adminA2whoA2isA2supervisedA2byA2electedA2supervi
sorA2(0)

4.A2BoardA2PresidentA2plan-
A2electedA2freeholderA2appointsA2adminA2andA2electsA2aA2presA2fromA2FHsA2toA2superviseA
2adminA2(0)A2-A2Ans--TraditionalA2PlanA2vsA2OptionalA2CountyA2CharterA2PlansA2(1)

1.A2CommissionA2ActA2ofA21911A2(WalshA2Act)

2.A2MunicipalA2managerA2actA2ofA21923

3.A2OptionalA2municipalA2charterA2(FaulknerA2Act),A2whichA2providesA2for:
A2A.A2Council-managerA2form
A2B.A2Mayor-councilA2formA2(strongA2mayor,A2weakA2council)
A2C.A2"SmallA2municipality"A2forA2munisA2withA2<12,000A2people

, A2 D.A2Mayor-council-administrationA2

4.A2SpecialA2charter-A2makeA2yourA2ownA2-A2Ans--FormsA2ofA2municipalA2governmentA2(1)

600A2-A2Ans--ThereA2areA2moreA2thanA2_________A2schoolA2districtsA2inA2NJA2(1)

TypeA2I-A2BOEA2apptA2byA2mayor,A2schoolA2debtA2isA2partA2ofA2muniA2debt

TypeA2II-A2BOEA2isA2elected,A2schoolA2debtA2isA2notA2partA2ofA2muniA2debtA2-A2Ans--
TypeA2IA2vsA2TypeA2IIA2SchoolA2DistrictsA2(1)

RegionalA2schoolA2districtsA2-A2Ans--
InA2thisA2SchoolA2district,A2membershipA2ofA2BOEA2isA2apportionedA2toA2participatingA2disc
trictsA2accordingA2toA2population.A2BOEA2isA2elected.A2(1)

ConsolidatedA2schoolA2districtA2-A2Ans--
InA2thisA2schoolA2district,A2BOEA2isA2apportionedA2amongA2severalA2districts,A2operatesA2s
ameA2asA2TypeA2IIA2sd.A2(1)

1.A2EnergyA2receiptsA2tax

2.A2ConsolidatedA2municipalA2propertyA2taxA2reliefA2aidA2(CMPTRA)-
A2toA2decreaseA2muniA2taxes,A2catchA2allA2categoryA2forA2stateA2aidA2programsA2includingA
2businessA2propertyA2taxes,A2paymentA2inA2lieuA2ofA2taxes,A2etc...

3.A2StateA2assumptionA2ofA2costA2ofA2veteranA2andA2seniorA2taxA2deductionsA2(homestead
A2rebate)

4.A2TransitionalA2aid-A2forA2munisA2inA2deepA2shitA2-A2Ans--
TypeA2ofA2StateA2AidA2toA2municipalitiesA2(1)

1.A2BusinessA2administratorA2(CAO)

2.A2Attorney/Solicitor/Counsel

3.A2Engineer

4.A2Clerk

5.A2ChiefA2financialA2officer

6.A2TaxA2collector

7.A2TaxA2assessorA2-A2Ans--AppointedA2officersA2ofA2municipalityA2(1)

1.A2PERS

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Uploaded on: November 25, 2025
Number of pages: 9
Written in: 2025/2026
Type: Exam (elaborations)
Contains: Questions & answers

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