FINANCIAL MANAGEMENT POLICY MANUAL

customers, to include the costs of unfunded civilian retirement and
post-retirement health benefits. DOD reimbursable rates can be found
on the internet at www.dtic.mil/comptroller/rates. Amounts collected
for unfunded civilian retirement and post retirement health costs from
sales of articles and services to Foreign Military Sales customers are
deposited into the Military Receipts Account 3041, Recoveries Under
the Foreign Military Sales Program, Navy. Amounts collected from
sales to other non-Federal customers are deposited into the
Miscellaneous Receipts Account 3210, General Fund Propriety
Receipts, Defense Military. Additional guidance is available in the
DOD 7000.14-R, Financial Management Regulation, Volumes 11B
and 15.
(Change 67)
Section II:
OTHER FUNDS
074642 MIDSHIPMEN'S STORE, UNITED STATES
NAVAL ACADEMY
1. SCOPE.
The midshipmen’s store, United States Naval Academy, is authorized by
10 U.S. Code 6971(a). It is operated to procure clothing and other
necessary supplies for the midshipmen; to provide barber, cobbler, and
tailor shop facilities for the midshipmen; and to operate the dairy farm at
the Naval Academy. Funds collected from these operations are available
for operating expenses of such activities and for such other expenditures
as the Superintendent of the Naval Academy considers necessary for the
health, comfort, and education of the midshipmen.
2. STRUCTURE AND CONTENT.
The midshipmen’s store is classified as a trust revolving fund. All funds
collected are deposited in the Treasury and are available for operating
expenses and other expenditures.
3. ADMINISTRATION.
The Chief of Naval Operations is responsible for the development of
budget estimates and the financial administration of the Midshipmen’s
Store, United States Naval Academy. Although this fund is exempt from
the apportionment process, appropriate records and receipts are
maintained for all money received.
(Change 45)
Financial Management Policy
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