Finance Corps

The United States Army Finance Corps is a combat service support (CSS) branch of the United States Army. The Finance Corps traces its foundation to 16 June 1775, when the Second Continental Congress established the office of Paymaster General of the Army.[2] The Pay Department became a separate department in 1816, and the Finance Department was created by law on 1 July 1920.[3][4] It became the Finance Corps in 1950.[5] It is responsible for financial operations, most notably payroll and resource management. It is the smallest branch of the Army .

Finance Corps
Active16 June 1775 – present[1]
Country United States of America
Branch United States Army
Motto(s)"To Support and Serve"
EngagementsAmerican Revolutionary War
American Civil War
World War I
World War II
Korean War
Vietnam War
Operation Desert Storm
Operation Enduring Freedom
Operation Iraqi Freedom
Commanders
U.S. Army Financial Management Command commanding generalMAJ GEN David C. Coburn
Insignia
Branch Insignia

Finance Corps units

Corps-level financial management formations exist in Europe, South Korea, and at Fort Bragg, North Carolina, and at Fort Hood, Texas.

The 18th Financial Management Support Center (18 FMSC) provides financial management services to the units of the XVIII Airborne Corps. It is based at Fort Bragg (North Carolina) and its higher headquarters (HQ) is the 1st Theater Sustainment Command (1st TSC)Fort Bragg, North Carolina. The 18th FMSC is responsible for the 24th Financial Management Company (FMCO), the 33rd FMCO, the 82nd FMCO, the 101st FMCO, and the 126th FMCO.[6] The mission of the 18th Financial Management Center is:[7]

  • Rapidly deploy as part of the crisis response force by air, sea and land anywhere in the world.
  • Provide financial management support for joint and combined operations (Central Funding, Disbursing, Accounting, Vendor Services, Policy and Internal Controls).
  • Provide technical oversight and coordination to designated CONUS-based Financial Management Companies preparing to deploy in concert with the Army Force Generation Cycle.
  • Direct employment of non-deployed FM Companies in support of the Installation finance mission in accordance with Assistant Secretary of the Army (Financial Management and Comptroller) (ASA FM&C) guidance

In early 1998 the Commanding General of United States Army Forces Command approved a request from the CG, XVIII Airborne Corps to combine the 18th Finance Group and the 18th Personnel Group (Airborne); to establish a provisional 18th Soldier Support Group (18th SSG) at Ft. Hood; to form SSBs at Forts Stewart, Drum and Campbell; and, to combine the two remaining Finance Battalions at Ft. Bragg.[8] The General Officer Steering Committee (GOSC) did not support the XVIII consolidations as proposed. This decision was made without the benefit of the TRADOC force development process which was Phase 2 of the Service to the Soldier Study. It was not a foregone conclusion that SSBs and SSGs would be implemented Army-Wide. FORSCOM and XVIII Airborne Corps were forging ahead of the Soldier Support Institute study as it was expedient to do so due to the impending force reductions.

Other higher finance formations include:[9]

  • 13th Finance Group, Fort Hood (III Corps)
    • 1st Finance Battalion
    • 4th Finance Battalion
    • 15th Finance Battalion
    • 215th Finance Battalion
  • 266th Finance Management Center (United States Army Europe)
    • 208th Finance Management Company
    • Italy and Benelux offices
  • 175th Finance Center (Yongsan, South Korea) (Eighth United States Army)
  • 3rd Finance Group
  • 5th Finance Group
  • 7th Finance Group
  • 9th Finance Group
  • 220th Finance Group

Battalions and sections

Army Reserve & National Guard
  • 469th Financial Management Support Center (USAR) (New Orleans, Louisiana)
  • 336th Financial Management Support Center (USAR) (Lake Charles, Louisiana) (Supports Operation Bright Star)
  • 326th Financial Management Support Center (USAR) (Los Angeles, California)
  • 398th Finance Management Support Center (United States Army Reserve) Fort Belvoir VA, a Major Subordinate Command under the 99th Regional Readiness Center.[10][11]
  • 28th Finance Battalion (PA)
  • 40th Finance Battalion (CA)
  • 50th Finance Battalion (New Jersey Army National Guard)
  • 138th Finance Battalion (IN)
  • 153d Finance Battalion (FL)
  • 210th Finance Battalion (MS)
  • 726th Finance Battalion (MA)
  • 93rd Financial Management Support Unit (GA)
  • 224th Financial Management Support Unit(CA)
  • 368th Financial Management Support Unit(KS)
  • 374th Financial Management Support Unit(MD)
  • 376th Financial Management Support Unit(WI)
  • 395th Financial Management Support Unit(UT)
  • 147th Financial Management Support Detachment(Minnesota Army National Guard)
  • 247th Financial Management Support Detachment(Minnesota Army National Guard)
  • 1863rd Financial Management Support Detachment (Illinois Army National Guard)
  • 49th Financial Management Support Unit (TX Army National Guard)
  • 149th Financial Management Support Detachment (TX Army National Guard)
  • 249th Financial Management Support Detachment (TX Army National Guard)

References
  1. http://www.globalsecurity.org/military/agency/army/finance.htm
  2. http://www.globalsecurity.org/military/agency/army/finance.htm
  4. http://www.globalsecurity.org/military/agency/army/finance.htm
  5. "Archived copy". Archived from the original on 12 June 2008. Retrieved 5 January 2009.CS1 maint: archived copy as title (link)
  6. 18th FMC, Internal Control, accessed 31 July 2008
  7. http://www.bragg.army.mil/18FMC/
  8. Globalsecurity.org, accessed July 2008
  9. http://www.bragg.army.mil/18FMC/units_worldwide.htm
  10. Craig Turpin, 'Over 30 years service to U.S.', Somerset Reporter (NJ), 25 June 2008
  11. "Archived copy". Archived from the original on 16 February 2012. Retrieved 24 December 2012.CS1 maint: archived copy as title (link), accessed July 2008
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.