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Vgt 1 TERMINAL LEARNING OBJECTIVE Action: Implement required Financial Readiness Policies in a Company. Conditions: Given a the following publications:

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Presentation on theme: "Vgt 1 TERMINAL LEARNING OBJECTIVE Action: Implement required Financial Readiness Policies in a Company. Conditions: Given a the following publications:"— Presentation transcript:

1 Vgt 1 TERMINAL LEARNING OBJECTIVE Action: Implement required Financial Readiness Policies in a Company. Conditions: Given a the following publications: Department of Defense Financial Management Regulation (DoDFMR) Vol 7A, Military Pay Policy and Procedures Active Duty and Reserve Pay; Training Circular (TC) 21-7, Personal Financial Readiness and Deployability Handbook; Unit Commanders Finance Report; and a C27 Personnel Report. Standards: Correctly answer 18 of the 25 questions on the examination in order to be proficient in the following steps of implementing financial readiness policies in a Company. 1. Verify accuracy of the Unit Commanders Finance Report IAW the Military Pay Procedure Manual (MPPM) Extract.

2 Vgt 2 TERMINAL LEARNING OBJECTIVE (Continuation Sheet) Standards: 2. Verify that financial considerations are applied in preparing a unit for deployment IAW TC Identify types of soldier indebtedness and execute command responsibilities IAW DoDFMR, Vol 7A. 4. Verify that unit training encompasses individual soldier and family financial readiness IAW TC 21-7.

3 Vgt 3 VERIFY THE ACCURACY OF THE UNIT COMMANDER REPORT Verify accountability Verify entitlements

4 Vgt 4 THIS REPORT IS SUBJECT TO THE PRIVACY ACT OF 1974 RUN DATE: 21 AUG 96 UNIT COMMANDERS FINANCE REPORT PCN: UH099C630 PAGE: 1 FOR THE MONTH ENDING: 31 AUG 96 UNIT: FAO FT. STEWART, GA UIC: ECM1PT40 DSSN: 5053 PAY C/M BAL INCEN STA- GR NAME SSAN NET PAY ALMTS BAQ BAS VHA OPT LV BAL ART 15 DUE US PAY ETS TUS OHA COLA 05 BUTTERS EM W/O YES CHEK COTTON W/D YES V CHEK 46.5 E7 DEWS TH QTR SR SAVE E3 FOREMAN REB ADDR 6.5 8NOV96 05 CHANDLE EM W/D YES V CHEK LEGEND GR - BASIC PAY GRADE LV BAL - LEAVE BALANCE AT END OF MONTH NAME - 1ST NINE OF NAME C/M ART 15 - COLLECTION FOR COURTS MARTIAL OR ARTICLE 15 SSAN - SOCIAL SECURITY ACCOUNT NUMBER BAL DUE US - AMOUNT OWED OR INDEBTEDNESS AT END OF MONTH NET PAY - MONTHLY NET PAY; EM=MBR PAID END OF MONTH ONLY INCEN PAY - YES=MBR RECEIVING INCENTIVE PAY ALTMS - TOTAL OF MONTHLY ALLOTMENTS ETS - EXPIRATION OF TERM OF SERVICE THIS WILL SHOW 4 MONTHS BAQ - W/D=WITH DEP; W/O=WITHOUT DEP; REB=PARTIAL REBATE; PRIOR TO ETS QTRS=FAMILY TYPE HOUSING; DIFF=BAQ DIFFERENTIAL STATUS - MBR DUTY STATUS; IF OTHER THAN DUTY. FILD=FIELD BAS - SR=SEPARATE RATIONS; RNA=RATIONS -IN-KIND NOT DUTY; SUSP=SUSPENDED STATUS; AWOL=ABSENT W/O AVAILABLE; EMG=RATIONS UNDER EMERGENCY CONDITIONS; LEAVE CONF=CONFINEMENT; DEST=DESERTED YES=OFFICER OR WARRANT OFFICER OHA - OVERSEAS HOUSING ALLLOWANCE. WD#=WITH DEP AND NUMBER VHA - V=VARIABLE HOUSING ALLOWANCE OFFSET; D=DUAL VARIABLE SHARING RENT; W/O=WITHOUT DEP HOUSING ALLOWANCE; I=INTERIM VARIABLE HOUSING ALLOWANCE COLA - COST OF LIVING ALLOWANCE. W/O=WITHOUT DEP; (MAY HAVE MORE THAN ONE) B/C - BARRACKS COLA; WD#=WITH DEP AND THE NUMBER OF PAY OPT - CHEK=CHECKING ACCOUNT; SAVE=SAVING ACCOUNT OF A WHICH COLA IS AUTHORIZED. FINANCIAL INSTITUTION; ADD=LOCAL ADDRESS. THIS REPORT IS SUBJECT TO THE PRIVACY ACT OF 1974

5 Vgt 5 PREPARED 96 AUG 08 PCN: AAC-CC27 PERSONNEL STRENGTH ZERO BALANCE REPORT CO 9 AUG 08 SCN CD PAGE 21 UNIT WIPT HHC FAO BDE MC PP DA CODES-ASG TO STATUS CO AREAX 1IN UIC W1PT40 ANALYST A RPT SEQ CODE ASA PPA IN ARLOC DATE OF REPORTED STRENGTH PART 1 - STRENGTH RECONCILIATION BY DUTY STATUS ***COMMISSIONED*** ***WARRANT*** ***ENLISTED*** DUTY STATUS QM STR ACTUAL DIF QM STR ACTUAL DIFF QM STR ACTUAL DIFF PRESENT TEMP DUTY LEAVE HOSPITAL CONFINED AWOL MISSING INTRANSIT TOTAL ACTB REPORTED ACTB DIFFERENCE ATTACHED REPORTED ATCH DIFFERENCE

6 Vgt 6 PREPARED 96 AUG 08 PCN: AAC-CC27 PERSONNEL STRENGTH ZERO BALANCE REPORT CO 9 AUG 08 SCN CD PAGE 22 UNIT WIPT HHC FAO BDE MC PP DA CODES-ASG TO STATUS CO AREAX 1IN UIC W1PT40 ANALYST A RPT SEQ CODE ASA PPA IN ARLOC DATE OF REPORTED STRENGTH PART II - LIST BY DUTY STATUS FOR RECONCILIATION OF PART I DTY EFFECT POS UNIT1 UNIT1 UNIT1 GAIN UNIT2 UNIT2 UNIT2 UNIT1 LAST NAME SSN GRD STS DATE NBR ARR UPC DPRT UIC ARR UPC DPRT RSC TRAN BUTTERS CHRISTO LTC PDY AA PT40 OU91H EX A ARR COTTON JAMES LT PDY AA PT EX A ARR CHANDLEGOOD LTC PDY PT DMUA A ARR TOTAL 3 TOTAL OFF 31 PREPARED 96 AUG 08 PCN: AAC-CC27 PERSONNEL STRENGTH ZERO BALANCE REPORT CO 9 AUG 08 SCN CD PAGE 22 UNIT WIPT HHC FAO BDE MC PP DA CODES-ASG TO STATUS CO AREAX 1IN UIC W1PT40 ANALYST A RPT SEQ CODE ASA PPA IN ARLOC DATE OF REPORTED STRENGTH PART II - LIST BY DUTY STATUS FOR RECONCILIATION OF PART I DTY EFFECT POS UNIT1 UNIT1 UNIT1 GAIN UNIT2 UNIT2 UNIT2 UNIT1 LAST NAME SSN GRD STS DATE NBR ARR UPC DPRT UIC ARR UPC DPRT RSC TRAN DEW THOMAS SFC PDY AA PT40 OU91H EX A ARR FOREMAN JOAN PFC PDY AA PT EX A ARR TOMMOROW GO PFC PDY PT DMUA A ARR TOTAL 3 TOTAL ENL 203

7 Vgt 7 PREPARE FOR DEPLOYMENT/MOBILIZATION Compare the Unit Commander Report and the C27 Personnel Roster Create a family deployability and mobilization checklist Discuss the responsibilities and actions of designated personnel for local procurement

8 Vgt 8 DEPLOYMENT/MOBILIZATION CHECKLIST 1. Medical: a. Immunization date b. Location of health records c. Doctor’s name, address and telephone number 2. Finance: a. Type of bank account b. Amount of money available c. Location of ATM and Credit Cards d. List of bills to be paid e. Allotments in effect 3. Transportation/Automobile: a. Location of the Insurance paperwork b. Location of Vehicle title c. Location of duplicate set of keys d. Address and location for emergency repairs

9 Vgt 9 DEPLOYMENT/MOBILIZATION CHECKLIST(Cont) 4. Housing: a. Location of electrical control box b. Location of duplicate set of keys c. Point of Contact for emergency repairs 5. Legal/Administrative: a. Power of Attorney b. Last Will and Testimony/Insurance policies c. ID cards, birth and marriage certificates

10 Vgt 10 RESPONSIBILITIES FOR LOCAL PAYMENT/PROCUREMENT 1. Discuss the do’s and dont’s. 2. Appointment orders. 3. Written instructions. 4. When Purchase is authorized. 5. When purchasing is not authorized. 6. Limitation on purchasing. 7. Federal Procurement Policy Act (41 U.S.C. 423) as amended by section 14, Public Law

11 Vgt 11 TYPES OF INDEBTEDNESS AND COMMAND RESPONSIBILITIES Voluntary/involuntary collection of pay and allowances Garnishment of pay and allowances Bankruptcy

12 Vgt 12 TYPES OF INDEBTEDNESS AND COMMAND RESPONSIBILITIES(Cont) Notice of Levy Command remission or cancellation of indebtedness Command assistance in the collection

13 Vgt 13 INDIVIDUAL FINANCIAL READINESS Banking and credit Budgeting Investment

14 Vgt 14 LESSON REVIEW Verify the accuracy of the Unit Commanders Finance Report Preparing for deployment and mobilization Types of indebtedness and command responsibilities Individual financial readiness

15 Vgt 15 TERMINAL LEARNING OBJECTIVE Action: Implement required Financial Readiness Policies in a Company. Conditions: Given a the following publications: Department of Defense Financial Management Regulation (DoDFMR) Vol 7A, Military Pay Policy and Procedures Active Duty and Reserve Pay; Training Circular (TC) 21-7, Personal Financial Readiness and Deployability Handbook; Unit Commanders Finance Report; and a C27 Personnel Report. Standards: Correctly answer 18 of the 25 questions on the examination in order to be proficient in the following steps of implementing financial readiness policies in a Company. 1. Verify accuracy of the Unit Commanders Finance Report IAW the Military Pay Procedure Manual (MPPM) Extract.

16 Vgt 16 TERMINAL LEARNING OBJECTIVE (Continuation Sheet) Standards: 2. Verify that financial considerations are applied in preparing a unit for deployment IAW TC Identify types of soldier indebtedness and execute command responsibilities IAW DoDFMR, Vol 7A. 4. Verify that unit training encompasses individual soldier and family financial readiness IAW TC 21-7.


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