Finance

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.
 
Functional Address:  CAP FLWG/FM
 
 
 

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.


8. 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.

Monthly Finance reminder - SEPTEMBER


ANNUAL FINANCE PAPERWORK – FLORIDA WING

• 15 September - Budgets for units must be sent to Wing Director of Finance. If the unit had any expenses in prior FY a zero budget will not be accepted. FLWG Financial Management Procedures (FLWG Supp #1, CAPR 173-1).

• 30 September - Obtain values on or at 30 Sept for any certificates of deposit, including those held by units. You may have to visit the bank on 1 October or download it from your on-line access on 30 Sept or 1 Oct. Make sure any accrued interest is listed or that there is enough information to calculate the accrued interest (rate, maturity date, etc.). Send to Wing Director of Finance

• 1 October – Annual Inventory begins. This is completed in ORMS. All units who use or share any facility, contributed or not, must enter their real property in ORMS – Real Property Module. All information must be completed by December 31..

• 1 October – Units are required to submit a signed CAPF 172. Please complete this form selecting your authorized approvers (section A, usually the Finance Officer and Commander) and your recurring expenses (section B). Have all members of the Finance Committee sign at the bottom and submit to Wing Director of Finance and Amy Andrickson. CAPR 173-1 paragraph 9c(1)


• 1 October – 30 November – ALL CAPF 171 (Unit Financial Disclosure) are due. This is completed in eServices by the unit commander in the commander’s corner. All units are required to respond.

Lt Col David M. Auerbach, CAP
Florida Wing Director of Finance
(H) 561.200.7787
(C) 561.267.4603
U.S. Air Force Auxiliary

Forms and Publications

Region Publications website (for all official forms and publications including supplements)
 
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