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Finance Corps

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Title: Finance Corps  
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Subject: History of the United States Army, United States Army, U.S. Army Birthdays, Ray Watson (broadcaster), Combat service support (United States)
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Finance Corps

The United States Army Finance Corps is a combat service support (CSS) branch of the United States Army. The Finance Corps is the successor to the old Pay Department, which was created in June 1775. The Finance Department was created by law on 1 July 1920 [1]. It became the Finance Corps in 1950.[1] It is responsible for financial operations, most notably payroll and resource management. It is the smallest branch of the army [2].

Contents

  • Finance Corps units 1
    • Battalions and sections 1.1
    • Army Reserve & National Guard 1.2
  • References 2
  • External links 3

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.[2] The mission of the 18th Financial Management Center is:[3]

  • 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.[4] 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:[5]

  • 13th Finance Group, Fort Hood (III Corps)
    • 1st Finance Battalion
    • 4th Finance Battalion
    • 15th Finance Battalion
    • 215th Finance Battalion
  • 3rd Finance Group
  • 5th Finance Group
  • 7th Finance Group
  • 9th Finance Group
  • 220th Finance Group

Battalions and sections

Army Reserve & National Guard

  • 336th Finance Command (USAR) (Lake Charles, Louisiana) (Supports Operation Bright Star)
  • 326th Finance Group (USAR)
  • 398th Finance Group (United States Army Reserve) Fort Belvoir, Va., a Major Subordinate Command under the 99th Regional Readiness Center.[6] Becoming 398th Financial Management Center.[7]
  • 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)
  • 368th Financial Management Support Unit(KS)
  • 374th Financial Management Support Unit(MD)
  • 376th Financial Management Support Unit(WI)
  • 395th Financial Management Support Unit(UT)

References

  1. ^ http://www.finance.army.mil/hiscorps.htm
  2. ^ 18th FMC, Internal Control, accessed 31 July 2008
  3. ^ http://www.bragg.army.mil/18FMC/
  4. ^ Globalsecurity.org, accessed July 2008
  5. ^ http://www.bragg.army.mil/18FMC/units_worldwide.htm
  6. ^ Craig Turpin, 'Over 30 years service to U.S.', Somerset Reporter (NJ), 25 June 2008
  7. ^ http://jdwalker.livejournal.com/ accessed July 2008

External links

  • Finance Corps page
  • Insignia
  • INSIGNIASOURCE US ARMY FINANCE CRESTS
  • WELCOME TO THE 18TH FMC WEB SITE
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