As a result of BRAC efforts begun in FY 2006, DFAS has closed 20 sites, realigned headquarters from Arlington to Indianapolis and established a liaison location in Alexandria, Virginia.ĭFAS is financed as a Working Capital Fund, obtaining revenue by charging its customers for the services it provides rather than being funded through direct appropriations. Since its inception, the agency has consolidated more than 300 installation-level offices into 10 DFAS sites and reduced the number of systems in use from 330 to 70. Customers include the Executive Office of the President, the Department of Energy, the Department of Veterans Affairs, the Department of Health and Human Services and the U.S. DFAS also supports customers outside the DoD in support of electronic government initiatives. The intent was to reduce the cost of the Department's finance and accounting operations while strengthening its financial management.ĭFAS pays all DoD military and civilian personnel, retirees and annuitants, as well as major DoD contractors and vendors. In 1991, the Secretary of Defense created the Defense Finance and Accounting Service to standardize, consolidate, and improve accounting and financial functions throughout the DoD. Managed Foreign Military Sales Cases reimbursed by foreign governments valued at $679 BillionĪ brief look at the Defense Finance and Accounting Service.Managed $1.6 Trillion in Military Retirement and Health Benefits Funds.Managed $21 Billion in Accounts Receivables.Accounted for 1,445 Active DoD Appropriations.
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