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Municipal Finance Administration > MFA > Flashcards

MFA Flashcards

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1
Q

NJSA 40A: 4

A

Local Budget Law

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2
Q

What is the local budget law?

A

NJSA 40A:4

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3
Q

NJSA 40A:2

A

Local Bond Law

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4
Q

What is the Local Bond Law

A

NJSA 40A:2

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5
Q

NJSA 40A:5

A

Local Fiscal Affairs Law

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6
Q

What is the Local Fiscal Affairs Law?

A

NJSA 40A: 5

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7
Q

NJSA 40A: 11

A

Local Public Contracts Law

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8
Q

What is the Local Public Contracts Law

A

NJSA 40A: 11

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9
Q

NJSA 40A:12

A

Local Lands and Building Law

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10
Q

What is the Local Land and Buildings Law?

A

NJSA 40A:12

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11
Q

TAD #1

A

Encumbrance Accounting System

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12
Q

TAD #2

A

Fixed Assets Accounting

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13
Q

TAD #3

A

General Ledger

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14
Q

Encumbrance Accounting System

A

TAD #1

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15
Q

Fixed Assets Accounting

A

TAD #2

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16
Q

General Ledger

A

TAD #3

17
Q

What is the purpose of local gov?

A 
It provides the essential public services such as:
refuse collection
police
education
fire prevention
planning and zoning
library
recreation
18
Q

What are the 5 types/levels of local government ?

A 
Counties
Municipalities
School Districts
Fire Districts
Special Districts and Local Authorities
19
Q

What are the four types of the Optional County Charter Law

A

The County Executive Plan
The County Manager Plan
The County Supervisor Plan
The Board President Plan

20
Q

What is the County Executive Plan?

A

The administration of the county gov. is placed in the hands of an elected county executive who appoints a county admin. with the advice and consent of the elected freeholder board.

21
Q

What is the County Manager Plan?

A

The elected freeholder board appoints a county manager to administer the county gov.

22
Q

What is the County Supervisor Plan?

A

The elect freeholder board appoint a county admin, who work is supervised by an elected county supervisor.

23
Q

What is the Board President Plan?

A

The elected freeholder board appoints a county admin. and select 1 of its own members as president to supervise the work of the admin.

24
Q

What many municipalities are there?

A

565

25
Q

What are the types of municipalities?

A 
City
Town
Township
Borough
Village
26
Q

What are the other forms of Mun. Gov.

A

The Commission Act of 1911 (Walsh Act)
The Municipal Manager Act of 1923
The Optional Municipal Charter Law of 1950 (Faulkner Act)

27
Q

What are the difference in the forms of government?

A

The official positions required.
The method of selection and power.
The relationship b/w executive and legislative branches.
The powers of direct voter participation.

28
Q

What are some special districts?

A

Garbage Collection
Fire Protection
Street Lighting

29
Q

What are consolidated or regional districts?

A

These schools cover 2 or more towns.

30
Q

What Is NJSA 18A: 9-2 and 9-3

A

School Districts

31
Q

What is a Type 1 District?

A

The members of the board are appointed by the mayor.
The tax levy is approved my mayor, 2 members of the school and 2 members of the governing body.
School debt is apart of the mun. (must appropriate capita funds)
School Debt Service is raised as part of the school tax levy.

32
Q

What is a Type 2 School District?

A

The member of the board are elected.
School tax levy is submitted to the voters for approval.
School debt is their own.

33
Q

What is a regional district?

A

Membership on the board of education is apportioned among the participating districts according to population.
Board members are elected
the school budget must be submitted to voters for approval

34
Q

What is a consolidated district?

A

Membership on the board of education is apportioned among the several districts.
The operation is the same as a Type II school district.

35
Q

What is the appropriation cap?

A

The allowable increase of COLA rate or 2.5% up to 3.5% by resolution (county) or ordinance (mun.) except the debt service.

36
Q

What is the limit on the tax levy for Mun.?

A

2%

37
Q

What is the limit on the tax levy for County?

A

3%

38
Q

What are some state revenue programs to mun.?

A 
Energy Receipt Tax.
Consolidated Mun. Property Tax Relief Aid.
Veteran and Senior Tax Deductions.
Homestead Rebate Program
Transitional Aid

Municipal Finance Administration (1 decks)

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