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2. Providing assistance, as requested by the State of Florida, under the lead agency's direction of FEMA, as specified in the Robert T. Stafford Act, Public Law 93-288. 3. Identifying and coordinating assistance under other federal statutory authorities. V. FINANCIAL MANAGEMENT POLICY It is the intent of this policy to provide guidance for basic financial management to all departments and agencies responding under the provisions of the plan, to ensure that funds are provided expeditiously and that financial operations are conducted in accordance with appropriate policies, regulations and standards. A. Assumptions Due to the nature of most emergency situations, finance operations will often be carried out within compressed time frames and other pressures, necessitating the use of non -routine procedures; this in no way lessens the requirement for sound financial management and accountability. 2. A Presidential disaster or emergency declaration will permit funding from the Federal Disaster Relief Fund under the provisions of the Stafford Act in addition to the financial resources initiated at the state and local levels. 3. The Federal Office of Management and Budget (OMB) and Congress will give rapid approval to a FEMA -prepared emergency budget request at a level sufficient to sustain a response operation for at least three weeks, with the opportunity to extend same if the situation warrants. B. Expenditure of Funds Timely financial support of any extensive response activity could be crucial to saving lives and property. While innovative and expeditious means of procurement are called for during times of emergencies, it is still mandatory that good accounting principles and practices be employed in order to safeguard the use of public funds from the potential of fraud, waste and/or abuse. Indian River County Comprehensive Emergency Management Plan Basic Page 107