FINANCIAL MANAGEMENT POLICY MANUAL

fuel in a reasonable period of time, ordinarily no more than 6 months after the
end of the calendar year.
2. FUNDING. Department of the Navy (DON) receipts of foreign fuel are
funded through operation and maintenance appropriation reimbursements to
the Working Capital Fund (WCF), while foreign receipts of fuel from DON
are recorded as accounts receivable in the WCF.
3. REFERENCES. Additional guidance regarding FEA's is contained in
OPNAVINST 4020.26, NAVSUPINST 7300.26, and NAVSUP Manual,
Volume 2, Chapter 5, par. 25095.
(Change 60)
075245 LATIN AMERICAN COOPERATION FUNDS
1. AUTHORITY. Pursuant to law (10 U.S. Code 1050), the Secretary of the
Navy may provide for expenses of travel, subsistence and special
compensation of officers and students of Latin American countries, and other
expenses that the Secretary considers necessary for Latin American
cooperation.
2. FUNDING. Latin American Cooperation (LATAM COOP) Funds under
the Operation and Maintenance, Navy (O&MN) appropriation may be utilized
to finance official entertainment, VIP visits, etc. in furtherance of cooperation
between countries of Latin America.
3. REFERENCE. Additional guidance regarding specific items authorized
for expenditure, the request for funds, accounting procedures and
documentation is contained in SECNAVINST 7042.13.
(Change 48)
Section VIII:
PRIVATE PARTIES AND ORGANIZATIONS
075260 PRIVATE PARTIES
1. DEFINITION.
"Private parties" is a term that collectively covers many categories of
individuals, corporations or companies, and certain state and local
municipality entities that receive work, services, and materials from
Department of the Navy (DON) activities. A general feature of DON
transactions with private parties is that the recipient must provide funds in
advance of the service or materials to be received. Additionally, private
parties are assessed full costs for all services provided to them. A condition
precedent to providing services or materials to private parties is that the DON
will not be placed in the position of providing competition to commercial
Financial Management Policy
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