Department of the Navy Justification of Estimates for Fiscal Year 1987 Submitted to Congress February 1986. Navy Stock Fund, Marine Corps Stock Fund
Department of the Navy Justification of Estimates for Fiscal Year 1987 Submitted to Congress February 1986. Navy Stock Fund, Marine Corps Stock Fund
The Navy Stock Fund is a revolving fund established to provide secondary item material support to Navy combat forces and shore installations. The stock fund customers buy material using annual appropriated funds. These monies are then used by the stock fund to reinvest in material that is held in inventory to meet future customer demands. Beginning in FY 1983, Congress directed that inventory investment for support of new weapons systems, weapons systems with expanding populations and readiness or sustainability initiatives be financed by direct appropriations. This request supports that direction. On 1 April 1985 the Navy expanded its test of financing the procurement and repair of non-aviation Depot Level Repairable (DLR) components in the Navy Stock Fund to aviation DLRs. Prior to this time, DLRs were funded in either Weapons Procurement, Navy (WPN), Other Procurement, Navy (OPN), or Aircraft Procurement, Navy (APN), while repair was funded in the Operation and Maintenance, Navy (O&MN) appropriation. In the procurement accounts, release of these items from the supply system was on a 'free issue' basis. Under stockfunding, a 'buyer/seller' relationship is established and users of DLRs pay for what they requisition.
Document information
Department of the Navy Justification of Estimates for Fiscal Year 1987 Submitted to Congress February 1986. Navy Stock Fund, Marine Corps Stock Fund
1986
47 pages
Report
No indication
English