The assistant secretary for financial management and comptroller is responsible for providing the financial management and analytical services necessary for the effective and efficient use of Air Force resources, to include nearly 700,000 military and civilian personnel and a budget of about $167 billion.3
Key personnel under the assistant secretary for financial management include a principal deputy assistant secretary of the Air Force for financial management and comptroller, a military assistant and an executive for enlisted matters.4
- Exercises comptroller functions of the Air Force (10 U.S.C. § 8016)
- Is responsible for all financial management activities and operations of the Air Force (10 U.S.C. § 8016)
- Advises Air Force senior leadership on financial management affairs (10 U.S.C. § 8016)5
- Provides timely and dependable analysis and recommendations6
- Serves as a member of the Air Force Council
- Serves as the focal point for contact with congressional appropriations committees, budget committees and the congressional budget office
- Serves as the Air Force focal point for contact with the Office of Management and Budget (OMB), the General Accounting Office and the Department of the Treasury on financial and related matters
- Supervises and directs the preparation of budget estimates of the Air Force
- Evaluates and improves financial management systems and processes, in coordination with the undersecretary of defense (comptroller) and the director of the defense finance and accounting service, to ensure that they provide commanders all necessary financial data in a timely, accurate fashion and move toward compliance with applicable laws, regulations and governmental accounting standards, including the Chief Financial Officers Act of 1990
- Ensures that the Air Force conforms with all laws relating to financial management
- Provides guidance, direction and supervision related to:
- Short- and long-range financial management planning and wartime planning for comptroller activities
- Liaison with the Defense Finance and Accounting Service relative to maintaining accounting and finance operations, systems and cost reporting
- Military banking, credit union programs, foreign currency buy and sell transactions, contract financing, and contracts for financial management services
- Economic analysis
- Financial analysis of defense-related industries and individual companies
- Integrated performance measurement and cost control and reduction
- The Air Force Cost Analysis Agency, and cost estimating and cost analysis
- Identifying and implementing improved business practices
- Financial management for security assistance
- Financial oversight of nonappropriated fund activities Air Force-wide7
- Performs duties and exercises that powers such as the secretary of the Air Force may prescribe (10 U.S.C. § 8016)