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4.
5.
6.
7.
1348, is submitted to the appropriate supply
activity.
A ship forwards a copy of the requisition
document (i.e., green copy of the DD Form
1348) to the appropriate DFAS for use in
performing the ship’s official OPTAR
accounting. Monthly, the ship submits a
Budget/OPTAR Report which summarizes the
obligation documents. The report authorizes
the DFAS to reduce the ship’s OPTAR and the
ship’s type commander’s operating budget.
The material is issued to the ship.
The supply activity submits “Report of Fired
Authorization Charges, (NAVCOMPT Form
2074) with supporting “Financial Detail”
cards, (NAVSUP Form 1162) to the DFAS. This
authorizes the DFAS to charge the ship’s
OPTAR.
Credits the DBOF, thus completing the cycle.
The Defense Logistics Agency, General Services
Administration and the Departments of the Army and
Air Force have similar funds to finance procurement of
materials managed by the respective agency or
department.
Navy Industrial Fund
The Navy Industrial Fund is a revolving fund used
to finance industrial commercial-type activities. The
Navy Industrial Fund serves much the same purpose as
the Defense Business Operating Fund. The exception
is that it is used to finance the cost of maintaining and
operating such industrial commercial-type activities as
naval shipyards. Major charges to the fund are civilian
labor, material purchases, travel of personnel,
transportation of material, cost of purchased utilities,
and equipment and property rental. The fund is
reimbursed through the sales of materials and for
services performed for the Navy and other government
agencies.
Naval Working Fund
The Naval Working Fund provides a single
permanent revolving fund for financing all work not
chargeable to a current naval appropriation. It is used
to receive advance deposits for work or services
furnished. This type of work is performed by the Navy
for other government departments, foreign
governments, and private parties. For example, assume
that the U.S. Navy had sailors from an allied
government embarked aboard U.S. Navy ships for
training. The foreign government might deposit funds
with the Navy to cover pay and allowances for their
personnel. The money deposited would go into the
Naval Working Fund and be assigned a deposit
allotment number. Disbursing officers aboard the ships
concerned would receive authorization to pay these
foreign sailors and would be furnished the deposit
allotment number to charge when making the payments.
Navy Management Fund
This fund is used for the economical and efficient
completion of Navy operations which are financed by
two or more appropriations. When the costs of such an
operation cannot be distributed changed immediately to
an appropriation. An example of a charge financed by
the Navy Management Fund is the shipment of
household goods.
When the amount of money in the Navy
Management Fund is not enough to finance a program
some Navy organization or when appropriate, other
government departments advance additional funds.
The fund is credited with these advances, and it is
charged with all expenditures required by the program.
All unobligated balances of funds advanced are repaid
later from the Navy Management Fund, as specified in
contracts for programs financed by the fund.
TRUST FUNDS
A trust fund is a fund held in trust by the Navy for
use as specified in a special agreement or Act of
Congress. Private parties or sources may provide
money for a special trust for the Navy. For example,
public contributions received for the purpose of
constructing and maintaining the USS Arizona
Memorial at Pearl Harbor.
The Ship’s Store Profits, Navy is a trust fund for
providing recreation and entertainment for enlisted
personnel. Items sold in the ship’s store are purchased
by the DBOF and held in the NSA. When sold, the
DBOF is reimbursed for their cost, with the profits
going into the Ship’s Store Profits, Navy fund.
FUND SYMBOLS
The symbols for the various funds we have
discussed are shown below in figure 9-6.
9-6
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