COMDTINST M7100.3F — Financial Resource Management Manual (frmm)

COMDTINST M7100.3F governs Coast Guard financial policy under Coast Guard rules, Federal regulations, GAAP, and GAAS.

Search COMDTINST M7100.3F

  • Publication number: COMDTINST M7100.3F
  • Title: FINANCIAL RESOURCE MANAGEMENT MANUAL (FRMM)
  • Date: 6/26/2019
  • Proponent: CG-8

View COMDTINST M7100.3F on armypubs.army.mil

It covers appropriations, budget execution, accounting systems, financial controls, user fees, receivables, purchase cards, and Supply Fund operations. It requires Coast Guard personnel to accomplish current business practices within the policy guidelines and moves financial procedures to COMDTINST M7100.4.

Applies to: This Subsection applies to all Coast Guard units of activities that receive and execute FEMA Mission Assignments.

Topics covered

  • Coast Guard financial policy
  • Appropriations management
  • Budget execution
  • Supply Fund inventory
  • User fee proposals
  • Accounts receivable
  • Purchase card controls
  • USSGL accounting

Questions and answers

What must Coast Guard personnel do under COMDTINST M7100.3F?

All Coast Guard personnel are required to ensure that current business practices are accomplished within the guidelines of this policy. (paragraph 5)

When may a fiscal year appropriation be obligated?

The bona fide needs rule states that a fiscal year appropriation may be obligated only to meet a legitimate or bona fide need arising in the fiscal year for which the appropriation was made. (paragraph 3)

What accounting standard must Coast Guard financial management systems use?

All Coast Guard financial management systems shall utilize the USSGL to record financial events in compliance with Federal law. (paragraph 1)

What restrictions apply to Coast Guard purchase card use?

A purchase card shall not be used for unofficial and/or personal purchases. (paragraph 9)

How must debts over $10,000 be handled before collection is terminated?

No debt of more than $10,000 shall be suspended or terminated without the concurrence of the Office of General Counsel. (paragraph 2)

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