R 271446Z JAN 10 

ALCOAST 039/10
COMDTNOTE 7100
SUBJ: CH-3 TO THE FINANCIAL RESOURCE MANAGEMENT MANUAL
(FRMM).
A. FINANCIAL RESOURCE MANAGEMENT MANUAL (FRMM), COMDTINST
M7100.3 (SERIES).
1. THIS  ALCOAST ANNOUNCES PUBLICATION OF CHANGE 3 TO
REFERENCE A WHICH UPDATES POLICY FOR FINANCIAL ACCOUNTING
AND REPORTING OF INVENTORY, OPERATING MATERIALS AND
SUPPLIES (OM AND S), AND PROPERTY, PLANT, AND EQUIPMENT (PP
AND E) FOR COAST GUARD INVENTORY CONTROL POINTS. ALSO
INCLUDED IS UPDATED POLICY FOR FINANCIAL ACCOUNTING AND
REPORTING OF CAPITALIZED (PP AND E).
2. THE NEW POLICY CHANGES PROVIDE CLEAR GUIDANCE FOR
INVENTORY PHYSICAL ACCOUNTABILITY AND UPDATE PERSONAL
PROPERTY CAPITALIZATION THRESHOLDS. THEY ALSO ENHANCE
INTERNAL CONTROLS OVER THE USAGE AND DISPOSAL OF COAST
GUARD ASSETS.
3. PAPER DISTRIBUTION OF THIS POLICY WILL NOT BE MADE.
4. CH-3 CAN BE FOUND ON THE COAST GUARD DIRECTIVES SYSTEM AT:
HTTP://CGWEB.COMDT.USCG.MIL/CGDIRECTIVES/  OR
HTTP://WWW.USCG.MIL/DIRECTIVES.
5. POC IS MR. MAHMOUD GOWAYED (CG-843) AT 202-372-3650 OR
E-MAIL: MAHMOUD.T.GOWAYED (AT) USCG.MIL.
6. ACTION: ALL COAST GUARD PERSONNEL ARE REQUIRED TO ENSURE
THAT CURRENT BUSINESS PRACTICES ARE ACCOMPLISHED WITHIN THE
GUIDELINES OF THIS POLICY.
7. RELEASED BY RDML K.A.TAYLOR, ASSISTANT COMMANDANT FOR
RESOURCES AND CHIEF FINANCIAL OFFICER.
8. INTERNET RELEASED AUTHORIZED.