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Monday, November 01, 2010

Cashing out: 3SB financial management companies drawdown

JOINT BASE BALAD, Iraq— As phase two of the reduction of forces in Iraq begins, units are continually finding ways to do more with less. The same holds true for financial management companies across Iraq.

The 82nd Financial Management Company, 3rd Special Troops Battalion, 3rd Sustainment Brigade, 103rd Sustainment Command (Expeditionary), handed off operations Oct. 8 to the 15th FM Co., 3rd STB, 3rd Sustainment Bde., 103rd ESC, leaving the 15th FM Co. as the lone financial management company in Iraq.

In February of this year, there were 15 finance detachments spread throughout Iraq. After the initial reduction of U.S. Forces Sept. 1, that number was reduced to eight, which left room to reduce the number of U.S. Forces even further by doing away with one of the finance headquarters.

The entire process of transfer took approximately two weeks, administratively speaking, said Heckel. That doesn’t include the time it took to move approximately $16 million dollars and Iraqi dinar from the 82nd FM Co.’s vault at JBB to the 15th FM Co.’s vault at Victory Base Complex, Iraq, which was completed Oct. 15.

For the 15th FM Co., this is the culmination of a mission that started 11 months ago, said Maj. Jason Shick, commander of the 15th FM Co., and Bremen, Ohio, native.

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