You Can’t Afford to go to War Without us! Financial Management School Conduct Central Funding Practical Exercise U.S. ARMY SOLDIER SUPPORT INSTITUTE Noncommissioned Officer Academy - Senior Leaders Course 542-36B40-C46 - Financial Management ACB6B404 – Conduct Central Funding Operations Course Author: SSG Pearson Lesson Author: SSG Pearson Date prepared: November 4, 2014 SCOPE Conduct Central Funding is a lesson designed to explain guidelines, methods, and general practices to be used in order to perform central funding operations in various operating environments. At the conclusion of this lesson, students should be able to identify concepts and skills of determining currency requirements, establishing a procurement system, establishing a distribution system, and maintaining a receiving function. Conduct Central Funding creates a foundation of competence and accountability as the second lesson in TLO 3.0. Conduct Central Funding also supports learning objectives and desired outcomes of ELO 3.1-3.6. Method of Instruction: Discussion

Currency Requirements Funding Operations Currency Requirements Procurement System Distribution System Receiving Functions 100 100 100 100 100 200 200 200 200 200 300 300 300 300 300 400 400 400 400 400 500 500 500 500 Final Jeopardy

What is Central Funding? Funding Operations $100 What is Central Funding? Central funding is the process of providing all necessary currencies to all U.S. and Allied organizations in a theater of operations. (Lesson Plan Notes, Slide #4)

Funding Operations $200 True or False. Central funding functions occur during both peacetime and contingency operations. True (Lesson Plan Notes, Slide #4)

Funding Operations $300 Fill in the blank. During peacetime operations, the theater is relatively stable and _______________________ are available to conduct some or all of the central funding functions. Military Banking Facilities (MBF) (Lesson Plan Notes, Slide #4)

Funding Operations $400 What is one of the primary missions of the first Financial Management Units into theater? Funding (Lesson Plan Notes, Slide #4)  

Funding Operations $500 True or False. The Accounts Payable Section is responsible for theater currency support (US & Foreign). False. The Banking section is responsible. (Lesson Plan Notes, Slide #4)

Currency Requirements $100 What is the first step in establishing a banking section? Determine the currency requirements for the area of operations. (Lesson Plan Notes, Slide #5)

Currency Requirements $200 What two factors determine types of currency? Mission requirements and locations. (Lesson Plan Notes, Slide #5)

Currency Requirements $300 What are three factors to consider when determining currency needs in a rapidly developing theater? Number of units arriving, type of units arriving, and contingency operations. (Lesson Plan Notes, Slide #5)

Currency Requirements $400 True or False. When the Army is designated the executive agent (EA), responsibilities will not include providing funding support to other Services, other agencies, and if in a multinational environment, to other nations. False. Will include providing funding support. (Lesson Plan Notes. Slide#5)

Currency Requirements $500 Fill in the blank. An ____________ foreign currency may be needed if the citizens of the country in which the operation is taking place do not accept their own local currency. alternative (Lesson Plan Notes, Slide #5)

Procurement System $100 What is the second step in the central funding process? Establish and maintain a procurement system (Lesson Plan Notes, Slide #6)

Procurement System $200 Under what circumstance can foreign funds be obtained for official purposes? When authorized in writing by the commander or higher authority. (Lesson Plan Notes, Slide #6)

Procurement System $300 What does the acronym M.B.F. stand for? Military Banking Facility (Lesson Plan, Slide #6)

Procurement System $400 True or False. Foreign funds obtained may be in the form of currency or credits maintained in a limited depositary account. True (Lesson Plan Notes, Slide #6)

Procurement System $500 Fill in the blank. Obtaining funds for official purposes include the purchase of foreign currency for ________________, disbursing payments in foreign currency to US Government creditors, and etc. disbursing purposes (Lesson Plan Notes, Slide #6)

Distribution System $100 Identify three levels that funds can be distributed at. Center, FMSU, and FMSD (Lesson Plan Notes, Slide #7)

Distribution System $200 What is the second step in establishing a distribution system? Coordinate Support Agreements (Lesson Plan Notes, Slide #7)

Distribution System $300 When establishing a system to transport funds, what becomes your primary function? Distribution (Lesson Plan Notes, Slide #7)

Distribution System $400 Identify one of the two policies for repayment. Using a check-for-cash or electronic funds transfer (EFT) is the preferred method or A transfer of accountability (DD Form 1081) is the least preferable method. (Lesson Plan Notes, Slide #7)

Distribution System $500 Identify one agency that you would coordinate a support agreement with. AAFES or Inter-Service Finance Units or Inter-Government (Lesson Plan Notes, Slide #7)

Receiving Functions $100 What type of currency must go through central funding to be properly disposed of? Mutilated or contaminated (Lesson Plan Notes, Slide #8)

Receiving Functions $200 What is a Paying Agent responsible to do upon termination of appointment? Surrender funds (Lesson Plan Notes, Slide #8)

Receiving Functions $300 What is the fourth function of central funding operations? The receiving function (Lesson Plan Notes, Slide #8)

Receiving Functions $400 True or False. Central funding offices are not required to give Soldiers leaving theater the opportunity to exchange foreign currency for US currency. False, they are required (Lesson Plan Notes, Slide #8)

Final Jeopardy The Banking section is responsible for theater currency (U.S. and foreign) support. The section coordinates with host nation support and military banking operations to establish and sustain the flow of currency (local or U.S.) to the FMCOs, other DOD Agencies, Services or multinational forces IAW inter-service and _________________________. intergovernmental agreements (Lesson Plan Notes, Slide #4)