CMFO Exam - Practice Questions 2026
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When the trust fund balance is more than 25% of the preceeding years
expenses paid
Choose an answer
1 Every Audit Required by the Local Fiscal Affairs Law is required to be completed by:
When must public defender fees be remitted to the NJ Criminal Disposition and
2
Review Collection Fund?
3 Alternate calculation for the RUT
, The local bond law stipulates that the maturities of all bonds shall be as determined
by the local bond ordinance or by subsequent resolution and be within the
following limitations:
4 a. All bonds shall mature within the period or average period of usefulness
b. All bonds shall mature in annual installments
c. The governing body may provide for a single and combined bond issue
d. All of the above
e. None of the above
Don't know?
Terms in this set (132)
Every Audit Required by the Local An RMA (Registered Municipal Accountant)
Fiscal Affairs Law is required to be
completed by:
The statutory responsibility for filing CFO
the AFS is assigned to:
A local government officer that Planning Board
serves on the agency that approves
development applications refers to
a member of which board?
Cash management plan must be Governing Body
approved annual by the:
, The local bond law stipulates that d. All of the above
the maturities of all bonds shall be
as determined by the local bond
ordinance or by subsequent
resolution and be within the
following limitations:
a. All bonds shall mature within the
period or average period of
usefulness
b. All bonds shall mature in annual
installments
c. The governing body may provide
for a single and combined bond
issue
d. All of the above
e. None of the above
The effective date of a bond 20 days after first publication after adoption
ordinance
T/F - All matters not required to be True
contained in a bond ordinance may
be acted on by subsequent
resolutions passed by the
affirmative votes of a majority of the
full membership of the governing
body
An increase in anticipated revenue Would decrease the appropriation for the RUT
from a known and recurring source
will have what effect on the
appropriation for the RUT
COMPLETE EXAM QUESTIONS AND VERIFIED
ANSWERS |RECENTLY TESTING REAL EXAM
QUESTIONS| 100% SOLVED!!
Save
Practice questions for this set
Learn 1 /7 Study with Learn
When the trust fund balance is more than 25% of the preceeding years
expenses paid
Choose an answer
1 Every Audit Required by the Local Fiscal Affairs Law is required to be completed by:
When must public defender fees be remitted to the NJ Criminal Disposition and
2
Review Collection Fund?
3 Alternate calculation for the RUT
, The local bond law stipulates that the maturities of all bonds shall be as determined
by the local bond ordinance or by subsequent resolution and be within the
following limitations:
4 a. All bonds shall mature within the period or average period of usefulness
b. All bonds shall mature in annual installments
c. The governing body may provide for a single and combined bond issue
d. All of the above
e. None of the above
Don't know?
Terms in this set (132)
Every Audit Required by the Local An RMA (Registered Municipal Accountant)
Fiscal Affairs Law is required to be
completed by:
The statutory responsibility for filing CFO
the AFS is assigned to:
A local government officer that Planning Board
serves on the agency that approves
development applications refers to
a member of which board?
Cash management plan must be Governing Body
approved annual by the:
, The local bond law stipulates that d. All of the above
the maturities of all bonds shall be
as determined by the local bond
ordinance or by subsequent
resolution and be within the
following limitations:
a. All bonds shall mature within the
period or average period of
usefulness
b. All bonds shall mature in annual
installments
c. The governing body may provide
for a single and combined bond
issue
d. All of the above
e. None of the above
The effective date of a bond 20 days after first publication after adoption
ordinance
T/F - All matters not required to be True
contained in a bond ordinance may
be acted on by subsequent
resolutions passed by the
affirmative votes of a majority of the
full membership of the governing
body
An increase in anticipated revenue Would decrease the appropriation for the RUT
from a known and recurring source
will have what effect on the
appropriation for the RUT
