Finance at Fort Leonard Wood

Fort Leonard Wood, a major U.S. Army training installation in Missouri, provides comprehensive financial services to its service members, civilian employees, and retirees. The Directorate of Resource Management (DRM) oversees all financial operations on post, ensuring responsible stewardship of government resources and providing essential financial support to the Fort Leonard Wood community.

Key Financial Services

Several key services are available to assist personnel with their financial needs:

• Military Pay: Ensuring accurate and timely payment of salaries, allowances, and entitlements for all active-duty soldiers, reservists on active duty, and National Guard members. This includes managing pay inquiries, resolving pay discrepancies, and providing guidance on military pay regulations.
• Travel Pay: Processing travel reimbursements for official travel, including temporary duty assignments (TDY), permanent change of station (PCS) moves, and other authorized travel. This service assists personnel in navigating travel regulations and ensuring they receive appropriate compensation for their travel expenses.
• Civilian Pay: Administering payroll and benefits for civilian employees working at Fort Leonard Wood. This includes processing paychecks, managing deductions, and providing information on retirement and health benefits.
• Financial Counseling: Offering free financial counseling services to help service members and their families manage their finances effectively. Counselors provide guidance on budgeting, debt management, saving for retirement, and other financial planning topics. These services aim to improve financial readiness and overall well-being.
• Budget Execution: Managing the installation’s budget, allocating resources to various departments and activities, and ensuring compliance with financial regulations. This involves careful planning, monitoring, and reporting to ensure that resources are used efficiently and effectively.
• Accounting Services: Maintaining accurate financial records, processing payments, and preparing financial reports for the installation. This ensures transparency and accountability in the management of government funds.

Accessing Financial Services

Service members and civilian employees can access financial services through various channels:

• Finance Offices: Visiting the installation’s finance offices for in-person assistance with pay inquiries, travel claims, and other financial matters.
• Online Resources: Utilizing online resources such as the MyPay website to access pay statements, update personal information, and manage direct deposit.
• Financial Counseling Centers: Scheduling appointments with financial counselors for personalized advice and guidance on financial planning.

Importance of Financial Readiness

Financial readiness is a critical component of overall readiness for service members. By providing comprehensive financial services and promoting financial literacy, Fort Leonard Wood aims to empower its personnel to make informed financial decisions, achieve their financial goals, and maintain financial stability throughout their military careers and beyond.