Maintaining CGFM Certification
To continue using the CGFM designation after their name, CGFMs must be in an active or retired status.
To maintain the CGFM certification in an active status, CGFMs are required to:
Pay the CGFM renewal fee by the due date every year.
Complete at least 80 hours of continuing professional education (CPE) every two years in government financial management topics or related technical subjects
Maintain and, if requested by AGA, provide detailed information on CPE hours completed
By submitting their annual renewal payment, CGFMs affirm that they have and will continue to abide by AGA's Code of Ethics and that they have fulfilled the minimum CPE requirements.
Annual Renewal Requirement
All active CGFMs must renew their certification annually. At the beginning of each year, invoices will be sent to all active CGFMs. Annual CGFM renewal payments are due by March 31. AGA reserves the right to periodically adjust the renewal rates. Currently the fee is $30.00 for AGA members and $65.00 for non-members.
CGFMs must promptly notify AGA of any change of mailing address. It is the responsibility of each CGFM to pay the annual CGFM renewal fee, even if that individual did not receive an invoice from AGA. Go to the CGFM renewal page to renew your CGFM.
Continuing Professional Education (CPE) Requirements
All active CGFMs are required to complete at least 80 hours of continuing professional education (CPE) every two years in government financial management topics or related technical subjects. As part of the annual audit of a random sample of CGFMs, AGA may request CPE documentation for verification. The CPE requirements page contains detailed information on CGFM CPE requirements.
The chapter offers free CPE for AGA audio conferences, and almost free CPE hours for luncheons and professional development conferences
In a typical year, 30 CPE hours are available through audio conferences, and 12 CPE hours are available through professional development conferences, and 7 CPE hours at luncheons
That's a total of 49 CPE hours offered just through the local chapter
Waivers or extensions on earning CPE hours are granted on an individual case basis. All requests for waivers must be submitted in writing to the AGA's Office of Professional Certification no later than April 30 in the year following the end of the two-year CPE cycle.
Individuals who have permanently retired from and are not working in the field of financial management, can request an adjustment of their status to "retired" by contacting AGA's Office of Professional Certification (by mail or e-mail at firstname.lastname@example.org). CGFMs in retired status are not required to remit the CGFM renewal fee or earn the 80 CPE hours. They must clearly designate their status as "CGFM - Retired". More information about this status is available at http://www.agacgfm.org/cgfm/maintain/.
If retired CGFMs return to work (substantial employment or contracting) in the government financial management community, they must contact AGA to change their status back to "active."
If a CGFM fails to meet the requirements to maintain the CGFM in an active or retired status, the CGFM becomes inactive.
Inactive CGFMs may not present themselves as CGFMs either in writing or orally, or display the CGFM certificate.
Inactive CGFMs may request a reactivation by complying with current reactivation requirements, but may not use the "CGFM" after their name until after they receive a written confirmation from the AGA's Office of Professional Certification that their reactivation submission has been approved.
Current reactivation requirements:
Submitting a completed CPE report listing at least 40 CPE hours earned within the last 12 months with required back-up documentation. (Note: the report will not be accepted without required back-up documentation -- see Guidelines document for more details.)
Paying the current year's renewal fee and reactivation fee (see Payment Form).
Professional Certification Board reserves the right to revise the reactivation policy without notice.
A CGFM can remain in inactive status for up to five consecutive years. After that period, the CGFM is voided. A CGFM can only enter inactive status twice. The third time the CGFM is automatically voided.
CGFM designation will be voided if the holder is inactive for longer than five consecutive years or enters inactive status for the third time.
Those who have had their CGFM certification voided may not present themselves as CGFMs either in writing or orally. They must also destroy or return their CGFM certificate to AGA.
A CGFM may be revoked for just cause stemming from a violation of AGA's Code of Ethics. A written rebuttal can be submitted within 60 days to the Professional Certification Board by any person whose certification is to be revoked.
Those who have had their CGFM certification revoked may not present themselves as CGFMs either in writing or orally. They must also destroy or return their CGFM certificate to AGA.