86th CPTS closes out fiscal year

by 2nd Lt. Kay Nissen
86th Airlift Wing Public Affairs

The 86th Comptroller Squadron closed out fiscal year 2012 at midnight Sept. 30 on Ramstein. The budget office found this year’s closeout was trouble-free while funding the largest wing budget in U.S. Air Forces in Europe.

“The closeout was pretty quiet for us,” said 1st Lt. Lyka Olsen, 86th CPTS Financial Analysis flight commander. “This is a good thing because we didn’t have any surprises — our team leads were aware of all the projects and were able to execute. Teaming with 700th CONS, resource advisers, commanders, cost center managers and government purchase cardholders, it made the end-of-year closeout a great success.”

The 86th CPTS provides budget and accounting support to three wings and 75 geographically separated units and funds more than 200 projects. All projects met the fiscal year goals to protect readiness, reduce overhead costs and apply improvement to force structure and modernization.

 “We’ve funded the dormitory project for $4.3 million that will improve the quality of life for our Airmen,” said Sarah Bertolucci, civil engineering analysis team lead.
As the Air Force looks to fiscal year 2013, the president has signed the FY13 Continuing Resolution (CR), which funds the government for a six month period. The president’s budget requests balances across all mission areas while retaining Air Force core capabilities.

Specifically, Air Force finance seeks to rebalance force structure, preserve readiness, modernize the next generation, maximize constrained resources, and protect core support programs.

“Ultimately, with fiscal constraints that we are about to face, 86th CPTS will ensure that the mission of the 86th AW, 435th AGOW and 40 tenant units are properly financed while upholding our responsibility to America’s taxpayers,” Olsen said.
For more information on financial management in the Air Force, visit www.saffm.hq.af.mil.