Finance

The Finance Directorate operates as chief comptroller for the wing. Reporting directly to the wing commander, the Finance Directorate engages in daily accounting practices to balance the books.

Command And Finance Officer Duties And Responsibilities:

Responsible for the overall financial management of the unit. They shall:

• Administer all funds.

• Maintain all financial records.

• Maintain bank accounts.

• Pay all outstanding accounts.

• Endorse all negotiable instruments.

• Prepare all financial reports.

• Prepare annual budget.

The finance officer should be familiar with CAP regulations in the 173 series and CAPP 202.

Source:  CAPR 173-1, Financial Procedures and Accounting

Unit Finance Officer:

Each unit below wing level will assign a finance officer. New unit commanders must appoint a finance officer in writing within 30 days of assuming command and provide this information in writing to the wing director of finance. The unit finance officer may not be a paid employee. Further, the unit commander may not serve as the unit finance officer. A paid employee may perform bookkeeping duties under the supervision of the unit finance officer. The unit finance officer will reconcile the unit’s accounts with the report provided by the wing director of finance at least once per quarter.

Functional Address:  CAP PRWG/FM