When governments determine their capital needs, issuing debt is a vehicle used to fund these projects. Governments have various standards that must be met to issue debt in the municipal bond market. Understanding how this market works as well as the debt issuance and management process are key to having a successful program. The exam will cover best practices in capital planning, debt management policies and procedures, financing instruments, bond sale mechanics, disclosure responsibilities. General market topics are also included in the exam.
Debt Management Outline
Debt Management Policy
Debt Capacity Analysis
Financing Instruments and Techniques
Financing Team/ External Professional Services
GFOA recommends that CPFO candidate review the following materials to prepare for the exam.
GFOA Best Practices
GFOA best practices are developed by GFOA's Committee on Debt Management and represent the organization's recommended practices in common areas related to debt.
GFOA offers the following training seminars that will help prepare for the debt management exam:
- Debt Management Best Practices – Overview Training
- Overview of Bond Issuance
- Debt Issuance for Small Governments
- Disclosure Update
View GFOA's Events Calendar
Additional Web Resources
As the exam development process progresses for the seven new CPFO exams, some materials may be added to this reading list. Please check back regularly for updates to this document until the new exams are launched in spring 2021.
Last updated December 14, 2020