The comptroller is responsible for preparation, management and accountability of the entire DOD budget. The DOD budget was approximately $576 billion for fiscal 2016. The DOD has more than 2.1 million active and reserve service members and 742,000 civilian personnel. The comptroller also exercises authority, direction and control over DOD’s two principal financial organizations: the Defense Finance and Accounting Service, the world’s largest finance and accounting operation and the Defense Contract Audit Agency.
• Serves as the principal advisor to the secretary of defense on budgetary and fiscal matters.
• Supervises and directs the preparation of budget estimates for DOD.
• Works to ensure that Congress supports the DOD budget and its financial policies. Also ensures that each of the congressional defense committees is informed in a timely manner regarding all matters relating to the budgetary, fiscal and analytic activities of DOD that are under comptroller supervision.
• Establishes and supervises the execution of policies and procedures relating to the expenditure and collection of funds administered by DOD.
• Encourages and oversees DOD’s efforts to obtain auditable financial statements.
• Oversees the recruitment, selection and training of personnel to carry out agency financial management functions.
• Oversees financial management systems.
• Provides financial information to senior leaders, Congress, OMB and the media.
• Relates the budget and performance to outcomes where possible.