Navy Working Capital Fund - DON FM&C Website

Revenue: Revenue is $579.7 million for FY 2010, $591.8 million for FY 2011, and $428.6 millionfor FY 2012.Costs of Goods Sold: Cost of Operations is $575.0 million in FY 2010, $577.0 million in FY 2011,and $443.4 million in FY 2012.Revenue less cost: Revenue less cost of goods sold for FY 2010, FY 2011 and FY 2012 is +$4.7million,+$14.8 million, and -$14.8 million respectively.Surcharge: The $3.7 million and $6.0 million surcharges reflected for FY 2011 and FY 2012respectively are for the Capital Investment Program.Net Cash Outlays($ in Millions)FY 2010 FY 2011 FY 2012Collections 587.7 583.2 429.5Disbursements 577.8 615.5 438.3Net Outlays -9.8 32.3 8.8Performance IndicatorsFY 2010 FY 2011 FY 2012Schedule Conformance 99.8% 99.8% 99.8%Quality Deficiency Reports .1% .1% .1%Inventory Turnover Ratio 6.3:1 6.8:1 5.5:1Stabilized Customer RatesFY 2010 FY 2011 FY 2012Composite Hourly Rate $131.47 $127.37 $120.44Percent Year to Year Change .45% -3.12% -5.44%Exhibit Narrative