deposit allotment number to charge when making payments.
This fund is used for the economical and efficient completion of Navy operations that are financed by two or more appropriations, when the costs of such operations cannot be distributed immediately as charges to the appropriations. An example of a charge financed by the Navy Management Fund is the shipment of household goods.
A trust fund is a fund held in trust by the Navy for use in accordance with a special agreement or an 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 Ships Store Profits, Navy is a trust fund for providing recreation and entertainment for enlisted personnel. Resale items for sale in the ships store are purchased by NSF and held in NSA. When they are sold, NSF is reimbursed for their cost, and the profits go into Ships Store Profits, Navy fund.
An allotment is an authorization, expressed in specific dollar amounts, granted by a competent authority to commit, obligate, and expend funds for a particular purpose. Obligation and expenditure of the funds may not exceed the amount specified in the allotment, and the purpose for which the authorization was made must be adhered to.
The holder of an allotment may issue suballotments under appropriate circumstances. The holder of a suballotment may create commitments and obligations against appropriations within the scope of the suballotment.
An operating budget is the annual budget of an activity. Operating budgets are assigned by the Chief of Naval Operations, Fiscal Management Division, to major claimants. A major claimant is an office, command, or Headquarters, Marine Corps, designated as an administering office under O&MN. Subclaimants are offices and commands that are designated as administering offices and receive a subclaimant operating budget from a major claimant. Holders of operating budgets may grant subordinates a degree of financial responsibility by issuing operating targets (OPTARs). Medical OPTAR funds are used to fulfill four major requirements.
To order supplies effectively from this system, you must first have an understanding of its terminology.
MATERIALall supplies, repair parts, equipment, and equipage