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Use line C17 to report Excess Profits. This
amount will be the amount on line C25 minus 15
percent of the amount on line C10. The figure you
should enter on line C18, Equipment Purchases,
will represent the total value of payment notifica-
tion reports (PNRs) for equipment such as
modernization materials, vending machines, soft
ice cream machines, and remittances to con-
tractors for amusement machine sales and other
services and materials that you have procured as
a direct charge to ships store profits.
Line C19 should contain the total amount of
remittances paid to contractors for leased amuse-
ment machines. The figure represents the amount
that must be forwarded to contractors by means
of checks issued from your disbursing officer. The
total amount of these checks should be charged
to Ships Store Profits, Navy, at the end of each
month.
The figures on lines C20 and C21 represent
the amounts prescribed by NAVRESSO that must
be repaid toward the loans that were authorized
for your ships store. The balance at the
beginning and ending of the accounting period
should be entered in the spaces provided. The
figure in the space for the Ending Period will
usually represent the total amount of the loan at
the Beginning Period minus the amount entered
on line C20 (the monthly repayment amount
remitted to NAVRESSO).
Use line C22 to report the total value of the
amount entered on the NAVCOMPT 2277s cover-
ing the funds that will be transferred to the
Recreation Fund. The figure for line C23 should
represent the sum of lines C10 through C20, and
line C22. In other words, line C23 represents Total
Expenditures.
On line C24, enter the amount of funds
available for transfer to the Recreation Fund. To
reach this figure, you must first subtract line C23
(Total Expenditures) from line C09 (Total
Receipts). Next, subtract the figure on line C24A
(the total amount of Liability Assumed/An-
ticipated Operating Expenses) from the amount
on line C24. You should end up with the amount
on line C24B. Line C24B represents the net
amount of funds available for transfer to the
Recreation Fund. Remember, only the difference
between the amount from receipts you have
reported on line C24 (Funds Available for
Transfer to the Recreation Fund) and the amount
you have entered on line C24A (Liability
Assumed/Anticipated Operating Expenses) will
represent the actual amount that can be trans-
ferred to the Recreation Fund (line C24B).
Profit Computations
For profit computations, the amount on line
C25, Operating Profit, should represent the
amount on line C02 minus the total of lines C10
through C14. Line C26, Cup-Type Drink Vending
Machine Profit, will be the amount on line C03
minus the amount for lines C15 and C16. Line
C27 is the amount reported on line C04 minus the
amount on line C19. This is the actual amusement
machine profit.
Certification Statement
The ships store officer must sign and date the
bottom of the front side of the NAVCOMPT 153
directly under the certification, I certify that this
statement is correct to the best of my knowledge
and belief.
Additional Requirements
Whenever applicable to your ships store, you
must report the following information on the
reverse side of the NAVCOMPT 153. See figure
7-6.
1. Net gains and losses (as outlined in your
NAVSUP P-487).
2. The amount from sales of travelers checks.
Use the following format to derive this figure:
Cash Collected from Sales of Travelers
Checks:
Face value of checks and
surcharges
Ships profit
Transmittal to vendor
Balance of checks on hand
3. The numbers of days the ship was in port
and the number of days the ship was at sea
during the accounting period.
Distribution of the NAVCOMPT 153
After you are certain that your NAVCOMPT
153 is correct, you must distribute this document
as follows:
1. Original and one copy to the appropriate
FAADC, substantiated as indicated later in this
7-18
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