Financial Disclosure Statement

[ADCAPer]

Unless you were paying attention over the last few days you may have missed the new Form that National posted in the Publications page under CAPR 173-1.

It is for Unit Commanders to sign and return to the Wing, and it states that:

"...all unit checking and saving finds of "unit name" are on deposit with the "XXX Wing" in the Wing Banker Program and are properly recorded in the Wing's QuickBooks® accounting software.

I am aware that if the unit has other funds in CDs or other investments that the Wing has been notified of those funds.

All unit funds have been accounted for at Wing level as prescribed in CAPR173-1."

I wonder how many Unit CC's are going to just sign this form without actually auditing the Wing?

[brasda91]

Unless you were paying attention over the last few days you may have missed the new Form that National posted in the Publications page under CAPR 173-1.

It is for Unit Commanders to sign and return to the Wing, and it states that:

"...all unit checking and saving finds of "unit name" are on deposit with the "XXX Wing" in the Wing Banker Program and are properly recorded in the Wing's QuickBooks® accounting software.

I am aware that if the unit has other funds in CDs or other investments that the Wing has been notified of those funds.

All unit funds have been accounted for at Wing level as prescribed in CAPR173-1."

I wonder how many Unit CC's are going to just sign this form without actually auditing the Wing?

Don't forget the Oct 31 deadline when all we got was a few days notice. 

[Eclipse]

Unless you were paying attention over the last few days you may have missed the new Form that National posted in the Publications page under CAPR 173-1.

It is for Unit Commanders to sign and return to the Wing, and it states that:

"...all unit checking and saving finds of "unit name" are on deposit with the "XXX Wing" in the Wing Banker Program and are properly recorded in the Wing's QuickBooks® accounting software.

I am aware that if the unit has other funds in CDs or other investments that the Wing has been notified of those funds.

All unit funds have been accounted for at Wing level as prescribed in CAPR173-1."

I wonder how many Unit CC's are going to just sign this form without actually auditing the Wing?

Huh?  Audit wing?  How is that your problem.

What they are requesting / requiring is that you have converted all liquid funds to the wing banker program, and for any longer-term investments which cannot be withdrawn without significant penalty, the Wing/FM has been made aware of the amounts/location/end dates for these accounts. The idea being that units should not be "hiding" money in misguided attempts to "protect" it.

Whether the wing is in compliance with their directives once you give them your money is not your problem.

I'll say this - I was a pretty vocal opponent of this idea, to the point of getting in hot water at pretty high levels because of statements I made here and elsewhere about what I thought the challenges of Wing bank would be.

Much to my surprise, my Wing's is working great, and frankly its actually made some tasks easier to accomplish.