Fort Shafter, Hawaii – Unit finance officers in the Indo-Pacific area of operations that include the 25th Infantry Division, the 8th Theater Sustainment Command, and the 94th Air and Missile Defense Command the Army met at the United States Pacific Command (USARPAC) for funding. Symposium at Fort Shafter, Hawaii, July 25-27, 2022. The Finance Symposium is an annual event that helps facilitate understanding of the U.S. military’s financial status and the operational advantage of knowing how to use correctly each of the financial capacities supplied. in each unit throughout the year.
The Financial Symposium is held at different locations in the United States; this year the Symposium was held in the beautiful state of Hawaii. The theme of this year’s symposium was “Strengthening the way forward across the Indo-Pacific, the world’s most important theater”. The symposium is a place where finance professionals can discuss different aspects of the Finance Corps, to include how the military budget is broken down, how money is transferred overseas during a mission. Attendees also discussed different possibilities for the future of military funding as it relates to cryptocurrency.
During the financial symposium there was a recognition ceremony for government soldiers and civilians who helped families during the Red Hill water contamination crisis, as part of Task Force Ohana. “I personally thank each and every one of the more than 40 people who helped service members and their families in Red Hill, Hawaii.” Cindy Garcia, deputy director of the Defense Accounting and Finance Service in Indianapolis, said, “We’re here today to recognize your efforts to help approximately 1,544 people,” Garcia said.
The Symposium encouraged dialogue that addressed different aspects of the Finance Corps which included procurement, tax law, theater banking and cash management. Each of these topics featured speakers from a different financial unit who informed the audience that was physically present in the conference room and those who attended online.
All speakers discussed the challenges facing the finance body and made recommendations on how to improve processes that could address these challenges. One of the major challenges facing the Corps is the loss of personnel. One unit in particular discussed the concern of losing a detachment and the need to shift workload to other detachments in the area to mitigate the degradation of capabilities in support of customers. Some of the experts in attendance educated the audience about theater banking and cash management.
This was an important event, not only for the financial professionals in attendance, but for all Soldiers, civilians, and family members of the U.S. military in the Pacific.