DOT - COMDTINST M7100.4A
FINANCIAL RESOURCE MANAGEMENT MANUAL – PROCEDURES (FRMM-P)
|Publication Date:||26 June 2019|
The Financial Resource Management Manual - Procedures (FRMM-P), COMDTINST M7100.4 (series), prescribes high-level financial management procedures for the Coast Guard. This Manual includes procedures identified in the Financial Resource Management Manual (FRMM), COMDTINST M7100.3 (series), and is the repository for promulgated interim procedures which provide standardization across the Service.
Alignment to the Financial Resource Management Manual (FRMM), COMDTINST M7100.3 (series)
In order to bridge policy and procedures, this Manual shall align, as appropriate, to the chapter and section format of the Financial Resource Management Manual (FRMM), COMDTINST M7100.3 (series). There may be instances where a policy Subsection (e.g., 1.2.3) will not have a corresponding procedures Subsection. Also, there may be occasions when more granular and/or local level guidance is needed. This Manual does not alleviate the responsibility of lower level entities from creating subordinate procedures or desk guides that are aligned with the Financial Resource Management Manual - Procedures (FRMM-P), COMDTINST M7100.4 (series).
The Format of This Manual
In 2010, an outline and numbering scheme was established for the Financial Resource Management Manual - Procedures (FRMM-P), COMDTINST M7100.4, to provide a guide for identifying and building procedures, and a structured format to maintain financial accountability for a variety of stock items for the Inventory Control Points (ICPs) (Chapter 7) and Coast Guard Real and Personal Property and Lease Assets (Chapter 10). These areas, however, only encompassed a fraction of information (approximately 430 pages).
To date, Revision A of the Manual is approximately 2,000 pages, which is the combination of high-level procedures extracted from the Financial Resource Management Manual (FRMM), COMDTINST M7100.3 (series), and the addition of property, plant, and equipment (PP&E) interim guidance.
Financial Resource Management
Financial resource management must include procedures that align with Coast Guard's current roles and responsibilities, organizational structure and active remediation efforts. Headquarters (HQ) staffs, areas, districts, logistics and service center commands, and Headquarters units, responsible for the administration of these procedures, will aid in strengthening proper internal controls, accounting and oversight for financial management.
Key Internal Control (IC) Methodology
Control activities occur at all levels and functions throughout the Coast Guard. They include a wide range of diverse activities, such as approvals, authorizations, verifications, reconciliations, performance reviews, security activities, and the production of records and documentation. Key internal controls (ICs) in this Manual are meant to alert readers to mandatory internal controls to build into their processes, training, and daily financial management activities.
Given the wide variety of control activities that Coast Guard may employ, it would be impossible for this Manual to address them all. However, there are some general, overall points to be considered by managers and evaluators, as well as several major categories or types of control activity factors that are applicable at various levels throughout the Coast Guard and practically all federal agencies. These key internal controls are listed below as examples, they are meant to illustrate the range and variety of control activities that are used throughout Coast Guard's financial management procedures.
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