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Barry McVay's FEDERAL CONTRACTS DISPATCH

DATE: January 3, 2000

FROM: Barry McVay, CPCM

SUBJECT: Department of Defense Memorandum on Foreign Military Sales (FMS) Financial Management

SYNOPSIS: On December 13, 1999, Deputy Secretary of Defense John J. Hamre issued a memorandum to the secretaries of the military departments and other Department of Defense (DOD) officials directing that several actions be taken to address "a number of FMS management problems that manifest themselves in inaccurate or delayed financial management transactions." These actions are intended to "reduce work load, eliminate erroneous payments, lower operating costs, permit FMS cases to be closed sooner, accelerate reimbursements to the Department [of Defense] and the U.S. Treasury, and ensure better customer satisfaction."

DATES: Within 90 days of the date of the memorandum (that is, by March 12, 2000), the Under Secretary of Defense (Acquisition, Technology and Logistics) (USD(AT&L)), heads of DOD components, and directors of Defense Finance and Accounting Service (DFAS) and Defense Security Cooperation Agency (DSCA) are to report their progress to the Under Secretary of Defense (Comptroller) (USD(C)).

SUPPLEMENTAL INFORMATION: The following are some of the more important tasks assigned to the various DOD officials:

FOR FURTHER INFORMATION CONTACT: Barry McVay at 703-451-5953 or by e-mail at BarryMcVay@FedGovContracts.com.

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