structure of cost codes based on the purpose for which
Navy Working Capital Fund (NWCF)
used. The cost code in figure 8-4 is the most common
The one fund that you will be most concerned with
code structure used by afloat units in requisitions for
is the Navy Working Capital Fund. It is not practical for
material and services. The cost code consists of two
each activity of the Navy to purchase all of its
zeros followed by the four-digit Julian date, the
requirements directly from commercial suppliers
four-character serial number and the two-character
using its operating money. It is for this reason that the
fund code. As you will be using fund codes almost
NWCF exists. It provides the necessary capital to
daily, a further explanation is provided.
finance the purchase and maintenance of stocks of
Fund Codes
common supply items required by the Navy. Basic
capital for the NWCF is made available from
As stated above fund codes consist of two
Congress. The total value of the NWCF is reviewed
characters. The first character identifies the FYDP and
annually by Congress and adjusted to meet current
the operating budget holder. The second character
requirements. Within the Navy, the Commander, Naval
identifies the type of material or service procured.
Supply Systems Command is the administrator of the
Consult NAVSO P-3013 for a complete listing of all
NWCF.
fund codes and the cross-reference guide that crosses
N AV Y W O R K I N G C A P I TA L F U N D
fund codes to appropriations.
CHARGES --Navy Working Capital Fund is charged
with the following:
FUNDS
Expenditures for the purchase or manufacture of
stores, supplies, equipment, and services which
Learning Objective: Recognize different
are to be taken up in the Navy Stock Account
types of funds to finance various operations.
(NSA).
Funds fill a very important need in financing the
Appropriation adjustments lodged against the
day-to-day operations of the Navy. Two types of funds,
fund for sale of materials from a stores account
revolving and trust, are used extensively. You must
to the Navy Stock Account. They are used for
understand how and why they are used. Funds are sums
return "with charge" of material previously
of money or other resources established for a specific
charged to an end-use functional account.
p u r p o s e . T h ey a r e u s u a l l y w i t h o u t fi s c a l y e a r
limitations.
Navy Stock Account losses by accounting, price
adjustment, appraisal, inventory, sale, and
REVOLVING FUNDS
survey, which are not properly charged to an
appropriation.
A revolving fund is a fund established to finance a
cycle of operations. Reimbursements and collections
Donations of surplus NSA material for public
are returned to the fund for reuse to maintain the
health and educational purposes, including
principal of the fund; for example, loan funds and
research.
working capital funds. The capital amount of a fund
Authorized charges for repair of NSA material in
may be in the form of cash, inventory receivables, or
other assets.
store.
53824
1741804.702D
000
060957
R52192 0041841005NH
B
2D
SUB-
APPROPRIATION
OBJECT
OPERATING
AUTHORIZATION TRANSACTION
PROPERTY
COST
ALLOTMENT
AND
CLASS
BUDGET
ACCOUNTING
ACCOUNTING
CODE
TYPE
SUBHEAD
ACTIVITY
ACTIVITY
*(1)
*(3)
*(5)
*(12)
*(11)
*(6)
*(2)
*(6)
* REQUIRED NUMBER OF DIGITS FOR EACH DATA ELEMENT
SKf08004
Figure 8-4. --A sample format of accounting data.
8-5
