Implementation of Standard Financial Management Business Practices (SFMBP)

1. BACKGROUND. THE MARINE CORPS' FINANCIAL
MANAGEMENT GOAL IS TO IMPROVE ACCOUNTABILITY AND PERFORMANCE BY
PRODUCING RELIABLE, CONSISTENT AND TIMELY FINANCIAL INFORMATION FROM
WHICH COMMANDERS MAY DEVISE PLANS AND BASE DECISIONS. A KEY
COMPONENT FOR ACHIEVING THIS GOAL IS TO IDENTIFY BEST BUSINESS
PRACTICES AND TO STANDARDIZE MARINE CORPS PROCESSES BY IMPLEMENTING
THOSE PRACTICES. DURING FY 2005, HQMC FACILITATED WORKSHOPS TO
ANALYZE, DOCUMENT AND STANDARDIZE FINANCIAL MANAGEMENT BUSINESS
PRACTICES THROUGHOUT THE MARINE CORPS. MAJOR COMMANDS PROVIDED
SUBJECT MATTER EXPERTS THAT IDENTIFIED, REVIEWED, AND RECOMMENDED
STANDARD BUSINESS PRACTICES. FROM THESE WORKSHOPS AND SUBJECT
MATTER EXPERTS, SFMBP WERE DEVELOPED AND APPROVED FOR
IMPLEMENTATION. THE APPROVED SFMBP ARE AVAILABLE ON THE FINANCIAL
IMPROVEMENT INITIATIVE (FII) WEBSITE WHICH MAY BE ACCESSED VIA THE
HQMC FRONT PAGE HTTP://WWW.HQMC.USMC.MIL/HQMCMAIN.NSF/FRONTPAGE

2. IMPLEMENTATION. BY 1 OCT 2005, FUND HOLDERS ARE DIRECTED TO BEGIN
IMPLEMENTATION OF THE SFMBP. FULL IMPLEMENTATION OF SFMBP MUST BE
COMPLETED NLT 1 APR 2006.

3. ACTIONS. 
A. ASSISTANT CHIEF OF STAFF, COMPTROLLER, TAKE THE
FOLLOWING ACTIONS:1)ENSURE FULL IMPLEMENTATION THE SFMBP. 2)ENSURE
FUND HOLDERS INCORPORATE SFMBP INTO LOCAL FINANCIAL MANAGEMENT
STANDARD OPERATING AND DESKTOP PROCEDURES.
B. DIRECTOR, MARINE CORPS FINANCIAL EVALUATION AND ANALYSIS TEAM
(MCFEAT). DEVELOP PLAN AND SCHEDULE TO VISIT COMMANDS TO ASSESS THE
EFFECTIVE IMPLEMENTATION OF THE SFMBP. 
C. COMMANDING OFFICER, FINANCIAL MANAGEMENT SCHOOL. REVIEW AND
MODIFY PROGRAM OF INSTRUCTION TO PROVIDE FORMAL EDUCATION OF THE
SFMBP.

4. POC FOR THE SFMBP IS MR. JOEL NANKIVEL, HQMC-RFA, CMCL
703-614-9301/9302, DSN 224, JOELN@HQMC.USMC.MIL