and maintenance of the activity, for the repair of other
Reporting i s c o n c e r n e d w i t h t r a n s m i t t i n g
vessels, and for flight operations. These OPTARs are
financial and nonfinancial information on the status
administered and reported by the Fi n a n c i a l
and progress of programs to appropriate management
Management of Resources Operating Procedures
levels.
(Operating Forces), NAVSO P-3013-2. The NWCF
A u d i t i n g i s t h e f u n c t i o n o f r ev i ew i n g t h e
is administered and reported as prescribed by various
accuracy of recorded and reported results, and
Naval Supply Systems Command (NAVSUP) and
judging both the adequacy of established policies and
NAVCOMPT manuals. The financial record keeper
procedures and the activity's compliance with them.
must recognize that the OPTAR funds are separate
from the NWCF. However, there is a relationship
RESOURCE MANAGEMENT SYSTEM
between these two funds that must be understood.
AT THE OPERATING FORCES LEVEL
NAVY WORKING CAPITAL FUND
Each TYCOM (or equivalent) is responsible for
t h e d eve l o p m e n t o f r e s o u r c e r e q u i r e m e n t s ,
The NWCF is a revolving fund established by
administration of available funds, and continuous
Congress to purchase material carried in stock ashore
analysis of the status of OPTARs issued, including the
as inventory by the Navy stock points and material
efficient and effective use of them. Corrective action
carried afloat by destroyer tenders (ADs), repair
is taken where necessary in the research and
tenders (ASs), combat stores ships (AFs), aircraft
r e c o n c i l i a t i o n o f u n fi l l e d o r d e r s , u n m a t c h e d
carriers (CVs), nuclear-powered carriers (CVNs),
expenditures, and expenses incurred.
amphibious assault ships (LPHs), helicopter assault
landing ships (LHAs), and marine air groups
FINANCIAL RECORDS
(MAGs). These activities spend NWCF dollars to
procure items expended to an end-use customer. The
The duties and responsibilities of the financial
fund is reimbursed when material is requisitioned for
record keeper are vitally important, especially at
use by charging the customer's OPTAR and crediting
automated activities. The financial record keeper
the NWCF. This transaction returns the money to the
must perform both OPTAR accounting and Navy
NWCF so replacement material may be purchased
Wo r k i n g C a p i t a l F u n d ( N W C F ) a c c o u n t i n g .
and the revolving fund continued, as shown in figure
8-9.
TYCOMs issue separate OPTARs for the operation
STEP #1
STEP #2
0
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0
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NWCF
CASH
NWCF
NWCF
ISSUES
PROCURES
MATERIAL
MATERIAL
MATERIAL
NAVY STOCK
STORE
ACCOUNT
SKf08009
MATERIAL
MATERIAL
Figure 8-9.--The Navy Working Capital Fund (a revolving fund).
8-11
