What is the primary statute governing the responsibilities of a Certified Municipal Finance Officer (CMFO) in New Jersey?

What is the primary statute governing the responsibilities of a Certified Municipal Finance Officer (CMFO) in New Jersey?

• A. N.J.S.A. 40A:9-140.10
• B. N.J.S.A. 40A:9-140.15
• C. N.J.S.A. 40A:9-140.20
• D. N.J.S.A. 40A:9-140.25

Answer: (A)

The primary statute governing the responsibilities of a Certified Municipal Finance Officer (CMFO) in New Jersey is N.J.S.A. 40A:9-140.10. This statute provides a comprehensive outline of the role, duties, and qualifications expected of a CMFO, primarily focusing on financial management within municipalities. The responsibilities often include overseeing municipal budgets, maintaining financial records, and ensuring transparency and compliance with financial regulations. By establishing these guidelines, the statute ensures that municipalities are managed effectively and that public funds are utilized responsibly. Other statutes, while relevant to different aspects of municipal finance or other positions, do not serve as the foundational regulation for the CMFO role itself. Therefore, they do not encompass the same breadth of responsibilities and requirements outlined in N.J.S.A. 40A:9-140.10, reinforcing its significance in the context of a CMFO's function in New Jersey municipalities.

The primary statute governing the responsibilities of a Certified Municipal Finance Officer (CMFO) in New Jersey is N.J.S.A. 40A:9-140.10. This statute provides a comprehensive outline of the role, duties, and qualifications expected of a CMFO, primarily focusing on financial management within municipalities. The responsibilities often include overseeing municipal budgets, maintaining financial records, and ensuring transparency and compliance with financial regulations. By establishing these guidelines, the statute ensures that municipalities are managed effectively and that public funds are utilized responsibly.

Other statutes, while relevant to different aspects of municipal finance or other positions, do not serve as the foundational regulation for the CMFO role itself. Therefore, they do not encompass the same breadth of responsibilities and requirements outlined in N.J.S.A. 40A:9-140.10, reinforcing its significance in the context of a CMFO's function in New Jersey municipalities.