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CMFO Exam - Theory & Statutes questions with correct answers

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 local bond law stipulates that the maturities of all bonds s...

CMFO Exam Review Municipal Finance Officer Review Course Questions And Answers Planning Board As defined in the "Local Government Ethics Law" specifically, N.J.S.A.40A:9- 22.3 g, a "Local government officer" that serves on a local government agency that approves development applications would refer to a member of which of the following boards Governing Body The "Local Fiscal Affairs Law" mandates that the Cash Management Plan be approved annually by the The Local Bond Law, specific...

CMFO Exam - Current Fund Journal Entries Complete Study Solutions With Real Study Solutions Recording the budget Dr. Fund Balance Dr. Miscellaneous Revenues Dr. Receipts from Delinquent taxes Dr. Amount to be raised by Taxation Cr. Appropriations (S&W, OE) Cr. Reserve for Uncollected Taxes - to post the current year budget Charging off Reserve for Uncollected Taxes Dr. Budget Appropriations - Reserve for Uncollected Taxes Cr. Amount to be raised by Taxation - to charge the budget ...

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