programs), usually in financial terms, both
for functional areas and organizational units.
Reporting is concerned with transmitting
financial and nonfinancial information on the
status and progress of programs to appropriate
management levels.
Auditing is the function of reviewing the
accuracy of recorded and reported results, and
judging both the adequacy of established policies
and procedures and the activity’s compliance with
them.
RESOURCE MANAGEMENT
SYSTEM AT THE
OPERATING FORCES LEVEL
Each TYCOM (or equivalent) is responsible
for the development of resource requirements,
administration of available funds, and continuous
analysis of the status of OPTARs issued,
including the efficient and effective use of
them. Corrective action is taken where necessary
in the research and reconciliation of unfilled
orders, unmatched expenditures, and expenses
incurred.
FINANCIAL RECORDS
The duties and responsibilities of the financial
recordkeeper are vitally important, especially at
Shipboard Uniform Automated Data Processing
System-Real Time (SUADPS-RT) activities. The
financial recordkeeper must perform both OP-
TAR accounting and Navy Stock Fund (NSF)
accounting. TYCOMs issue separate OPTARs for
the operation and maintenance of the activity, for
the repair of other vessels, and for flight opera-
tions. These OPTARs are administered and
reported by the Financial Management of
Resources Operating Procedures (Operating
Forces), NAVSO P-3013-2. The NSF is ad-
ministered and reported as prescribed by various
Naval Supply Systems Command (NAVSUP) and
NAVCOMPT manuals. The financial record-
keeper must recognize that the OPTAR funds are
separate from the NSF. However, there is a rela-
tionship between these two funds that must be
understood.
NAVY STOCK FUND
The NSF is a revolving fund established by
Congress to purchase material carried in stock
ashore as inventory by the Navy stock points and
material carried afloat by destroyer tenders (ADs),
Figure 2-2.—The Navy Stock Fund (a revolving fund).
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