CGFM case studies
CGFM · Put your knowledge to work in context.
The Certified Government Financial Manager (CGFM) is a professional credential for people who work in public-sector finance. It is administered by the Association of Government Accountants (AGA) and is built around three separate examinations, one for each domain the credential covers: Examination One - Governmental Environment; Examination Two - Governmental Accounting, Financial Reporting and Budgeting; and Examination Three - Governmental Financial Management and Control. The CGFM case studies are 5 cases and about 2,173 words.
1Federal Grant and Supplanting Pressure
A mid-sized county with a population of 240,000 receives a 3.2 million federal human-services grant. The grant requires a 20% local match and prohibits supplanting existing local funds.
415 words, about 2 min2Classifying a Perpetual Gift, Bond Proceeds, and Restricted Grant
A city receives a 1.5 million cash gift from a private foundation. The donor's letter says the principal is to be invested in perpetuity and the investment earnings are to be used only to maintain the city's public rose garden.
427 words, about 2 min3Capitalizing Trucks, an Access Road, and Resurfacing
A city's public works department purchases 12 pickup trucks at 38,000 each and constructs a 2-mile access road for 4.6 million. The city's capitalization threshold is 10,000 for equipment and 100,000 for infrastructure.
446 words, about 2 min4Mid-Year State Aid Shortfall and Fund Balance Pressures
A school district adopts an annual budget on a cash basis. Six months into the fiscal year, state aid receipts are 4.2 million below budget because enrollment counts were revised downward.
459 words, about 2 min5One-Person Accounting Office and a Suspicious Vendor
A small town with an 8 million annual budget has one accounting clerk who opens the mail, prepares deposits, records cash receipts, reconciles the bank statement, processes accounts payable, and maintains the vendor master file. The town manager signs checks, and the elected treasurer reviews and signs the monthly bank reconciliation.
426 words, about 2 min