Figure 5-13.-Relationship of the Navy Stock Fund (NSF) and the Navy Stock Account (NSA).

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the commanding officer and conduct investigations on surveys submitted to him for action. A survey board consists of two or more persons, usually commissioned or warrant officers. The surveying officer or survey board investigates the material or the circumstances under which material is missing. The investigators try to determine the condition of the material at the time of survey, and fix the cause and responsibility for that condition. They also note when they could not fix responsibility or when the material wore out through normal use. For more detailed information about the survey process, see your ship’s survey instructions and chapter 5 of NAVSUP P-485, which is available in the supply office. FINANCIAL CONTROL OF SHIP’S OPERATING TARGET (OPTAR) In this section, we’ll explain briefly how the Navy is funded and the method it uses to finance the day-to-day operation of ships. With few exceptions, such as shipbuilding and alteration, research and development, the Navy is funded by annual appropriations included in the Defense Appropriations Act passed each year by Congress. The money is then appropriated by Congress and the Navy assigns it to the various systems commands and bureaus that administer them. As an example, appropriation 17-1804 is for operations and maintenance of ships. NAVSEA administers it and distributes it through the fleet commanders. The fleet commanders then grant operating budgets to each type commander under their command. The type commanders grant obligational authority to the ships within their commands so they can procure supplies and equipage to meet the ship’s OPTAR. The fleet accounting office performs the accounting required for the operating budget. But the supply officer of each ship must maintain records to help the commanding officer know the status and ensure the best use of OPTAR funds. The TYCOM budgets for the initial grant and establishes the method each ship uses to request and justify OPTAR funds. We often use two terms when we speak about supply operations: Navy Stock Fund (NSF) and Navy Stock Account (NSA). The following paragraphs contain a brief explanation of those terms: NSF is a revolving fund used to procure material. After procurement, the material is held in an inventory account, NSA. The NSA inventory is stored at ashore supply activities and on some supply ships. The relationship of the NSF and NSA is shown in figure 5-13. Figure 5-13.-Relationship of the Navy Stock Fund (NSF) and the Navy Stock Account (NSA). 5-24

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