FINANCIAL MANAGEMENT POLICY MANUAL

The Navy Supply Systems Command (NAVSUP) directive system
describes in detail the process for accrual and disposition of profits
derived from the operation of ship's stores (see Ship's Store Afloat
(NAVSUP P-487)).
b. Administration.
NAVSUP is designated the "responsible office" for overall
coordination of the Ships’ Stores Profits, Navy account. Additionally,
NAVSUP is the "administering office" for the Navy portion of this
account consisting of operating profits and contributions made for the
benefit of enlisted members of the Navy. The Marine Corps portion of
Ships' Stores Profits, Navy will be administered directly by the Marine
Corps and is to be used for the acceptance and use of gifts to Marine
Corps activities under 10 U.S. Code 7220. Separate account
designations have been established to distinguish between gifts
received for the Navy and the Marine Corps. The centrally managed
allotment procedure is employed in the administration of this account.
(Change 67)
Section II:
SPECIAL ACCOUNTS
074720 RETIRED PAY, DEFENSE, NAVY PORTION
1. SCOPE.
The appropriation Retired Pay, Defense, provides funds for the retired pay
and retirement pay, as authorized by law, for all Army, Navy, Marine
Corps, and Air Force military personnel on the retired lists, including the
Reserve components thereof, retainer pay for personnel of the inactive
Fleet Reserve, and survivors' benefits payments, under Chapter 73 of 10
U.S. Code.
2. STRUCTURE AND CONTENT.
a. General.
The chart of accounts for the allocation "Retired Pay, Defense" is in
terms of budget and fiscal accounting classifications for uniform
application by the military departments in accomplishing the required
budgeting, accounting, and reporting. Budget activities within the
budget program are listed and described in subpars. b through f.
b. Nondisability.
The nondisability budget activity provides for the retirement pay of
officers and enlisted personnel, regular and non-regular, who have
qualified for such pay under applicable provisions of law covering
Financial Management Policy
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