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Encyclopedia > Defense Finance and Accounting Service

The Defense Finance and Accounting Service (DFAS), an agency of the United States Department of Defense, provides finance and accounting services for the military and other members of defense. The United States Department of Defense, abbreviated as DoD or DOD and sometimes called the Defense Department, is a civilian Cabinet organization of the United States government. ... Finance studies and addresses the ways in which individuals, businesses and organizations raise, allocate, and use monetary resources over time, taking into account the risks entailed in their projects. ... It has been suggested that Accounting scholarship be merged into this article or section. ...


In FY 2004, DFAS: A fiscal year or financial year is a 12-month period used for calculating annual (yearly) financial reports in businesses and other organizations. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...

  • Processed 104M pay transactions to 5.9M military, civilians, retirees and annuitants
  • Made 6.9M travel payments
  • Paid 12.6M commercial invoices
  • Processed 127.3M general ledger postings
  • Managed military and health benefits funds ($234B)
  • Made an average of $455B in disbursements to pay recipients
  • Managed $13.5B in foreign military sales (reimbursed by foreign governments)
  • Accounted for 282 active DoD appropriations

A program for government-to-government purchases of weapons and other defense articles, defense services, and military training. ...

History

In 1991, Secretary of Defense Dick Cheney created the Defense Finance and Accounting Service to reduce the cost of Defense Department finance and accounting operations and to strengthen financial management through consolidation of finance and accounting activities across the department. Since its inception, DFAS has consolidated more than 300 installation-level finance and accounting offices into 26, and reduced the work force from about 27,000 to approximately 16,000 personnel. 1991 (MCMXCI) was a common year starting on Tuesday of the Gregorian calendar. ... Seal of the United States Department of Defense The United States Secretary of Defense is the head of the United States Department of Defense, concerned with the armed services and The Secretary is appointed by the President with the approval of the Senate, and is a member of the Cabinet. ... Richard Bruce Dick Cheney (born January 30, 1941) is the 46th and current Vice President of the United States, serving under President George W. Bush. ...


DFAS is a working capital fund agency financed by reimbursement of operating costs from its governmental customers (mostly the military service departments) rather than through direct appropriations. This service-provider relationship with its customers has resulted in a continuous innovation and improvement in the quality of services DFAS provides. DFAS has steadily reduced its operating costs and has returned these savings to customers in the form of decreased costs.


In 2003, DFAS was selected by the Office of Personnel Management to be one of four governmental entities to provide payroll services for the U.S. government. The Office of Personnel Management or OPM is the United States government agency which serves to manage the civil service of the United States by the recruitment of qualified personnel into and the administration of their careers as part of the United States Civil Service. ...


The current round of Base Realignment and Closure cuts has DFAS being completely restructured. Many sites will be integrated into major centers. The organization will continue to shift its focus to be a joint service provider, to smoothly meet the needs of all the armed services. These changes will allow the entity to do more with less and continue its exceptional performance. This transformation will ensure DFAS a long and valued life in the years to come. Base Realignment and Closure (BRAC) is a process of the United States federal government directed at the administration and operation of the US Armed Forces, used by the United States Department of Defense and Congress to close excess military installations and realign the total asset inventory in order to save...


One of the most visible responsibilities of DFAS is handling military pay, much of which is accounted for via the Leave and Earnings Statement. United States Military Pay is money given to members in the United States Armed Forces. ... A Leave and Earnings Statement is a document given on a monthly basis to members of the US Military which documents their pay and leave status on a monthly basis. ...


Locations

Centers:

Network Sites within the United States: Nickname: The Forest City Motto: Progress and Prosperity Location in Cuyahoga County, Ohio Coordinates: Country United States State Ohio County Cuyahoga Founded 1796 Incorporated 1836 Mayor Frank G. Jackson (D) Area    - City 82. ... Nickname: The Arch City The Discovery City Location in the state of Ohio Coordinates: Country United States State Ohio Counties Franklin, Delaware, and Fairfield Mayor Michael B. Coleman (D) Area    - City 550. ... Nickname: The Mile-High City Location of Denver in Colorado, USA Coordinates: Country United States State Colorado City-County Denver (coextensive) Founded November 22, 1858 Incorporated November 7, 1861 Mayor John Hickenlooper (D) Area    - City 401. ... Location in the state of Indiana Coordinates: County Marion Founded 1821 Mayor Bart Peterson (D) Area    - City 953. ... Nickname: City of Fountains or Heart of America Location in Jackson, Clay, Platte, and Cass Counties in the state of Missouri. ...

Network Sites outside the United States: Nickname: The Holy City, The Palmetto City, Chucktown Motto: Aedes Mores Juraque Curat (She cares for her temples, customs, and rights) Location of Charleston in South Carolina. ... Nickname: Gem City Coordinates: Country  State   County United States  Ohio   Montgomery Founded Incorporated April 1, 1796 1805 Mayor Rhine L. McLin Area    - City 146. ... Lawton is a city located in Comanche County, Oklahoma. ... Fort Sill is a United States Army post near Lawton, Oklahoma; about 85 miles southwest of Oklahoma City. ... Official language(s) None Capital Oklahoma City Largest city Oklahoma City Area  Ranked 20th  - Total 69,960 sq mi (181,196 km²)  - Width 230 miles (370 km)  - Length 298 miles (480 km)  - % water 1. ... Nickname: Athens of the West Horse Capital of the World Location in the Commonwealth of Kentucky Coordinates: Country State Counties United States Kentucky Fayette Mayor Teresa Isaac (D) Area    - City 285. ... Limestone is a town located in Aroostook County, Maine. ... Motto: Crescas (Latin for, Thou shalt grow. ... Nickname: Gateway to the West Location in Nebraska Coordinates: Country United States State Nebraska County Douglas Founded 1854 Incorporated 1857 Mayor Michael Fahey Area    - City 307. ... Oakland, founded in 1852, is the eighth-largest city in California and the county seat of Alameda County. ... Nickname: The City Beautiful, O-Town Location in Orange County and the state of Florida. ... Satellite image of Pearl Harbor. ... This article is becoming very long. ... Nickname: The City of Five Flags Location of the city within the state of Florida Country United States State Florida County Escambia County, Florida Mayor John Fogg Area    - City 102. ... Rock Island is a city located in Rock Island County, Illinois. ... Rome is a city located in Oneida County, New York. ... Nickname: Gateway City, Gateway to the West, or Mound City Location in the state of Missouri Coordinates: Country United States State Missouri County Independent City Mayor Francis G. Slay (D) Area    - City 66. ... Nickname: Alamo City; River City Location in the state of Texas Coordinates: Counties Bexar County Mayor Phil Hardberger Area    - City 1067. ... San Bernardino is the county seat of San Bernardino County, California, United States. ... It has been suggested that Downtown San Diego be merged into this article or section. ... Seaside is a city in Monterey County, California, with a total population of 31,696 as of the 2000 census. ...

The 2005 Base Realignment and Closure Commission reduced the number of sites in the United States to Cleveland, Ohio, Columbus, Ohio, Indianapolis, Indiana, Limestone, Maine, and Rome, New York with a liaison office at Fort Belvoir, Virginia to support Congress and the Secretary of Defense. This is the article about the city, for the district see Kaiserslautern (district)   is a city in southwest Germany, located in the Bundesland of Rheinland-Pfalz at the edge of the Palatine Forest (Pfälzer Wald). ... Yokota Air Base ), a base of the United States Air Force, is located in the city of Fussa and nearby communities in the suburbs of Tokyo, Japan. ... The preliminary 2005 Base Realignment and Closure list was released by the United States Department of Defense on May 13, 2005. ... Fort Belvoir is a census-designated place located in Fairfax County, Virginia. ... Seal of the U.S. Congress. ...


External links

  • DFAS website at dod.mil
  • LoringAirForceBase.com

  Results from FactBites:
 
Defense Finance and Accounting Service - Wikipedia, the free encyclopedia (418 words)
The Defense Finance and Accounting Service (DFAS), an agency of the United States Department of Defense, provides finance and accounting services for the military and other members of defense.
In 1991, Secretary of Defense Dick Cheney created the Defense Finance and Accounting Service to reduce the cost of Defense Department finance and accounting operations and to strengthen financial management through consolidation of finance and accounting activities across the department.
DFAS is a working capital fund agency financed by reimbursement of operating costs from its governmental customers (mostly the military service departments) rather than through direct appropriations.
  More results at FactBites »

 
 

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