Navy Working Capital Fund - DON FM&C Website

DEPARTMENT OF THE NAVYNAVY WORKING CAPITAL FUNDDEPOT MAINTENANCEFLEET READINESS CENTERSFISCAL YEAR (FY) 2012 BUDGET ESTIMATESFEBRUARY 2011Summary of Operations – Fleet Readiness Centers($ in Millions)FY 2010 FY 2011 FY 2012Orders 2,166.1 1,912.5 2,083.2Revenue 2,171.1 1,895.1 2,178.3Cost of Goods and Services 2,180.0 1,844.7 2,190.7Operating Results -8.9 50.4 -12.4Net Operating Result (NOR) -8.9 50.4 -12.4Other Changes Affecting AOR 1.7 0 0Accumulated Operating Result (AOR) -38.1 12.4 0In order to ensure achievement of zero AOR in FY 2012, the correct computation of rates, andthe proper resourcing of customer accounts, NWCF budget and manpower estimates have beenupdated from the FY 2011 President’s Budget to reflect all known pricing andprogram/workload assumptions.Orders- New Reimbursable Orders for FY 2010, FY 2011 and FY2012 are $2,166.1M, $1,912.5M,and $2,083.2M respectively.Revenue- Revenue for FY 2010, FY 2011, and FY 2012 are $2,171.1M, $1,895.1M, and $2,178.3Mrespectively.Cost of Goods & Services Sold- Cost of Goods and Services Sold is $2,180.0M in FY 2010,$1,844.7M in FY 2011, and $2,190.7M in FY 2012. FY 2011 Cost of Goods and Services Solddecreased from the President’s Budget by -$18.0M due to efficiencies for direct cost savings andlimiting facility sustainment costs to 80% of the requirement.Net Operating Results- Revenue less cost of goods and services sold for FY 2010, FY 2011, andFY 2012 is -$8.9M, $50.4M, and -$12.4M, respectively.Treasury Cash- Net outlays are -$18.0M in FY 2010, -$63.5M in FY 2011, and $9.5M in FY 2012.($ in Millions)FY 2010 FY 2011 FY 2012Disbursements $2,125.5 $1,805.7 $2,181.4Collections $2,143.9 $1,869.2 $2,171.9Net Outlays -$18.4 -$63.5 $9.5