New Jersey State Board of Accountancy

The New Jersey State Board of Accountancy has collated the material that may be helpful to you in preparing for the Registered Municipal Accountants Examination. This material should not be assumed by the candidate to be the sole source of information necessary for preparation for the RMA Examination.The Candidate should also make himself or herself familiar with the rules, regulations, standards and statutes that are relevant to the practice of municipal accounting and auditing which are generally contained in the following:

1. The New Jersey Administration Code - Title 5 Department of Community Affairs:

    

   • Chapter 30: Local Finance Board
   • Chapter 33: Tax Collection and Administration
   • Chapter 34: Local Public and Public School Contract Law
   • Chapter 37: Employees Deferred Compensation Plan


2. New Jersey Statutes Annotated - Title 40A Municipalities and Counties:

    

   • Chapter 2: Local Bond Law
   • Chapter 4: Local Budget Law
   • Chapter 5: Local Fiscal Affairs Law
   • Chapter 11: Local Public Contract Law


3. New Jersey Statutes Annotated - Title 40A Municipalities and Counties:

    

   • Chapter 56: Local and Other Improvements
   • Chapter 62: Public Utilities


4. New Jersey Statutes Annotated - Title 54 Taxation:

    

   • Chapter 4: Assessment and Collection of Taxes
   • Chapter 5: Creation, Enforcement and Collection of Liens for Unpaid Taxes and Other Municipal Liens on Real Property


5. Local Finance Notices of the division of Local Government Services _ 1998 through 2007:

    

   • CFO
   • Tax Collectors
   • Municipal Clerks


6. Division of Local Government Services - Current Material:

    

   • Budget
     
   • Annual Financial Statement (AFS)
   • Annual Debt Statement
   • Supplemental Debt Statement
   • Technical Accounting Directions - #1, #2, #3


7. Single Audit Act - Government Auditing Standard (Yellow Book 2007 Edition):

    

   • Federal Office of Management and Budget Circular A-l33 - Audit of State, Local Governments and Non-Profit Organizations
   • State of New Jersey, Department of Treasury Circular Letter 04-04 - Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid

Course material from the Financial Management Courses for New Jersey Local Governments provided by the Center for Government Services, Rutgers University.

The material mentioned above can generally be accessed by contacting the web sites of the Division of Local Government Services and the United States General Accounting Office.