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FINANCIAL MATTERS

FINANCIAL MATTERS. TYPES OF MONEY. OPERATIONS AND MAINTENANCE (O&MN) RESERVE PERSONNEL, NAVY (RPN) OFFICIAL REPRESENTATION FUNDS (ORF) NON APPROPRIATED FUNDS (NAF) HOST (SCHOOL) FUNDS FUNNY MONEY. O&MN COST CENTERS. LABOR UNIT OPERATIONS COLLEGE TEXT BOOKS

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FINANCIAL MATTERS

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  1. FINANCIAL MATTERS

  2. TYPES OF MONEY • OPERATIONS AND MAINTENANCE (O&MN) • RESERVE PERSONNEL, NAVY (RPN) • OFFICIAL REPRESENTATION FUNDS (ORF) • NON APPROPRIATED FUNDS (NAF) • HOST (SCHOOL) FUNDS • FUNNY MONEY

  3. O&MN COST CENTERS LABOR UNIT OPERATIONS COLLEGE TEXT BOOKS TUTORING OTHER PURCHASES CENTRALLY MANAGED TRAVEL TUITION

  4. LABOR • CENTRALLY PAID FROM NETPDTC • TELEPHONE IN / FOLLOW UP WITH TIMECARDS • CHECKS / DIRECT DEPOSIT TO EMPLOYEES • UNIT RESPONSIBLE FOR MANAGEMENT OF EMPLOYEE AND TIME CERTIFICATION AND DOCUMENTATION

  5. UNIT OPERATIONS • FUNDED BY UNIT OPTAR

  6. TEXT BOOKS • DIRECT PAYMENT TO MIDSHIPMAN • $250 SEMESTER / $167 QUARTER • PAID ON 1ST DAY OF SCHOOL IN FALL 10TH OF JANUARY 1ST OF APRIL FOR QTR SCHOOLS

  7. TEXT BOOKS (CONTINUED) • ACTIVATED VIA THE OPMIS SYSTEM • ALL MIDSHIPMEN IN GOOD STANDING AND MEDICAL LOA’S WILL RECEIVE BOOK FUNDS

  8. OTHER PURCHASES • CENTRALLY MANAGED UNIT NOT DIRECTLY INVOLVED WITH PURCHASE • NAVAL SCIENCE TEXT BOOKS • AUDIO VISUAL EQUIPMENT • RIFLE REPAIR • SUMMER TRAINING O&MN OPERATIONS • ETC.

  9. OTE4 CENTRALLY MANAGEDTRAVEL • PAID FOR BY CNET • CNET REQUESTED TRAVEL • NUCLEAR POWER ORIENTATION TRAVEL

  10. TUITION • CENTRALLY MANAGED • APPROX 88% OF EXPENDITURES ($60+ MILLION ANNUALLY) • DOCUMENTS WRITTEN UNDER ESA • CO RESPONSIBLE FOR ACCURACY OF SPENDING

  11. RPN • MIDSHIPMEN CLOTHING • SUMMER TRAINING TRAVEL AND PAY • MIDSHIPMEN STIPEND ($200 PER MONTH) • COMMUTATION IN LIEU OF UNIFORMS

  12. MIDSHIPMEN CLOTHING • MIDSHIPMEN CLOTHING ONLY

  13. MIDSHIPMAN SUMMERTRAINING PAY AND TRAVEL • SUMMER TRAINING PAY ACTIVATED THROUGH THE OPMIS SYSTEM • PAY THROUGH DENVER • TRAVEL ORDERS CUT AT UNIT USING RPN ACCOUNTING DATA

  14. MIDSHIPMAN STIPEND • $250 FRESHMEN, $250 SOPHOMORES $300 JUNIORS, $350 SENIORS . BEGINS ON OCT 1 2001 • ACTIVATED THROUGH THE OPMIS • PAID OUT OF DENVER

  15. COMMUTATION IN LIEUOF UNIFORMS • FOR MILITARY SCHOOLS ONLY • ANNUAL RATES SET BY DOD WITH CNET INPUT • COST OF ISSUING UNIFORMS • PAYMENT GIVEN DIRECTLY TO THE MIDSHIPMAN VIA DIRECT DEPOSIT • NOT RECOUPABLE

  16. HOST (SCHOOOL) FUNDS • UNIT IS A DEPARTMENT OF THE SCHOOL AND RECEIVES A BUDGET • POLICY REGARDING USE OF FUNDS IS BETWEEN THE UNIT AND THE INSTITUTION • DO NOT CO-MINGLE PROJECT FUNDS

  17. FUNNY MONEY • MIDSHIPMEN ORGANIZATION FUNDS • ALUMNI FUNDS • SPECIAL SCHOLARSHIP FUNDS • FUND RAISING FOR CHARITY

  18. FUNNY MONEY (CONTINUED) • NO MIDSHIPMAN WILL BE FORCED TO PARTICIPATE IN THESE FUNDS NEED • ARMS LENGTH TRANSACTION • STRICT ACCOUNTING • NO CO-MINGLING OF FUNDS

  19. ACCOUNTING DATA 1711405.6220/021/32117/0/068566/2D/T01001/63296174730E 1711804.62L9/000/68045/0/068566/2D/000000/63296011100E

  20. TIPS 1711405.6220/XXXXXXXXXXXXXXXXXXXXXXX/63296174730E 1711804.62L9/XXXXXXXXXXXXXXXXXXXXXXX/63296011100E 1711804.62L9/XXXXXXXXXXXXXXXXXXXXXXX/68045011500E 1711804.62L9/XXXXXXXXXXXXXXXXXXXXXXX/000621N2E0E

  21. 1711804.12TX/000/00062/0/068566/2D/000000/0006212598Q

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