What does CFM mean in STATE & LOCAL

County Fiscal Management (CFM) oversees money that comes in to and out of the county coffers. This includes maintaining accurate books and records, making sure taxes are collected, funding programs and services, purchasing supplies, and other financial responsibilities.

County fiscal management is typically overseen by the finance department or a designated fiscal officer of the county government.

CFM should be reviewed on a regular basis to ensure it remains compliant with all applicable laws and regulations. The frequency at which reviews occur will depend on the size of the county's budget as well as any changes to governmental regulations.

There are numerous resources available online or through your local government offices that provide information about CFM practices in your area. Additionally, consulting with a professional accountant or auditor can help provide sound advice about legislative requirements related to fiscal management activities in your jurisdiction.

Documents commonly associated with CFM include budget plans/reports; expenditure reports; revenue reports; financial statements; audit report findings; internal controls over accounting systems; personnel policies related to hiring/terminating employees; purchasing procedures; investment strategies/policies; accounts payable/receivable processes; bank reconciliations; grant tracking documents; disbursement authorizations; tax collection records; capital projects ledgers/trackers; debt management plans/reports.;