The file will not be deemed completed until which document is received?

Study for the Rutgers Municipal Capital and Trust Fund Accounting Test. Explore multiple choice questions, each with detailed explanations and hints to prepare you for your exam!

Multiple Choice

The file will not be deemed completed until which document is received?

Explanation:
When a bond issue is processed, the document that actually authorizes the debt is the ordinance that has been adopted by the governing body. A certified copy of that adopted ordinance is required because it is the official, authenticated record of the precise text and the adoption date, ensuring the debt is properly authorized and legally binding. The introduced ordinance is only a proposal and carries no final authority. The agenda for the next council meeting is just a scheduling item, not a controlling legal instrument. A certificate of ordinance publication shows the ordinance was published, but it does not substitute for possessing the certified copy of the adopted ordinance itself. So the file is not considered complete until you have the certified copy of the adopted ordinance.

When a bond issue is processed, the document that actually authorizes the debt is the ordinance that has been adopted by the governing body. A certified copy of that adopted ordinance is required because it is the official, authenticated record of the precise text and the adoption date, ensuring the debt is properly authorized and legally binding. The introduced ordinance is only a proposal and carries no final authority. The agenda for the next council meeting is just a scheduling item, not a controlling legal instrument. A certificate of ordinance publication shows the ordinance was published, but it does not substitute for possessing the certified copy of the adopted ordinance itself. So the file is not considered complete until you have the certified copy of the adopted ordinance.

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