What records must a CMFO maintain regarding municipal funds?

A Certified Municipal Finance Officer (CMFO) is responsible for ensuring proper financial management and accountability within municipal entities. One of the core responsibilities of a CMFO is to maintain accurate and complete records of all financial transactions. This includes tracking revenues, expenditures, assets, liabilities, and all other financial activities related to the municipality’s operation.

These records facilitate transparency, ensure compliance with various financial regulations, and provide crucial information for budgeting and financial reporting processes. By having comprehensive financial records, a CMFO can effectively manage the municipal funds, prepare for audits, provide financial insights to governing bodies, and maintain public trust in the municipality's fiscal policies.

Maintaining audits, legislative actions, or public comments is important but does not encompass the breadth of responsibilities related to municipal financial transactions. The emphasis on maintaining detailed transaction records reflects the necessity for thorough financial oversight and management in governmental operations.