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Device-specific FM Program Policy Appendix AOPNAVINST 1740.5DDEPARTMENT OF THE NAVY OFFICE OF THE CHIEF OF NAVAL OPERATIONS 2000 NAVY PENTAGON WASHINGTON DC 203502000OPNAVINST 1740.5D N170 24 Oct
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Any organization or entity that offers a service-specific pfm (personal financial management) program needs a service-specific pfm program policy. This policy helps establish guidelines, rules, and procedures for how the program should be implemented and managed. It provides clarity and consistency for both the program providers and the program participants. Having a service-specific pfm program policy is essential to ensure transparency, compliance with regulations, and the protection of both the organization and its clients.
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Service-specific pfm program policy is a set of guidelines and procedures specific to a particular service or program that govern how financial management should be handled.
The individuals or organizations responsible for overseeing the financial management of the service or program are required to file the service-specific pfm program policy.
Service-specific pfm program policy can be filled out by providing detailed information about the financial management practices and rules that are specific to the particular service or program.
The purpose of service-specific pfm program policy is to ensure that the financial management of a specific service or program is properly handled and in compliance with regulations and best practices.
Information such as budgeting procedures, financial reporting requirements, internal controls, and auditing procedures must be reported on service-specific pfm program policy.
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