Coast Guard Service Day: Strengthening Partnerships, Procedures, and Business Practices

• Published in: The Armed Forces Comptroller Vol. 64; no. 3; pp. 6 - 10
• Main Author: Steele, Christopher L
• Format: Journal Article Trade Publication Article
• Language: English
• Published: Alexandria American Society of Military Comptrollers 22.06.2019
• Subjects: Accounting departments; Best practice; Best practices; Chief financial officers; Financial management; Financial statements; Media executives; Nonprofit organizations; Partnerships; Professional associations; Professional development
• ISSN: 0004-2188

The American Society of Military Comptroller's Professional Development Institute (PDI) 2019's Service Day marked an invaluable opportunity for nearly 70 Coast Guard financial managers, including the organization's Chief Financial Officer (CFO), Deputy CFO, and numerous senior military and civilian leaders to take a step back from the daily routine and connect, collaborate, and share best practices. Throughout the day, this dynamic group got up to speed in areas of financial management perhaps not otherwise openly discussed on a day-to-day basis. A number of ongoing strategic initiatives and projects influencing and involving the fleet and the future of financial management were discussed, and included the state of the Coast Guard financial management, lessons learned from the recent lapse in appropriations, Business Processing Re-engineering (BPR), and many other topics. The diverse reach of Coast Guard participants included members throughout the Continental US, and even Alaska and Hawaii. Albeit a small organization covering a vast array of geographic dispersed units, the Coast Guard epitomizes the image of efficient stewards of constrained topline budgets and competing requirements. It serve as one of the five branches of the Armed Forces, operate as America's oldest continuous seagoing service, and carry out 11 statutory missions.