Cash Management Improvement in the Navy Stock Fund.
Abstract
The Navy Stock Fund (NSF) is a working capital fund used to purchase and hold designated inventories of supply items at various stock points until needed by a customer. The fund is currently comprised of ten seperate Budget Projects with total collections and expenditures projected to be in excess of $18 billion for Fiscal Year 1986. This thesis examines the background and current operation of the NSF with emphasis on identifying areas which would enable better cash management within the NSF and thereby improve the overall cash position of the U.S. Treasury. Chapter two provided a background on cash management in the public sector, discussing development of the cash management program at the Federal government level since 1970. Chapter three discussed the history of the Navy Stock Fund since 1878 and provided additional background information regarding the actual NSF operation. Chapter four examined current NSF cash management practices. Long and short range cash controls were identified and evaluated. Chapter five presented six areas which offer potential for improved cash management within the NSF: flexible standard pricing; forecasting; accounting; automated data processing; incentives; and human factors. Within the remaining five areas, actions were identified which would better enable NSF managers to control their cash. Keywords: Navy Stock Fund; Cash management; Cash forecasting; Cash; Cash forecasting models; Accounting; Controls.
Document Details
- Document Type
- Technical Report
- Publication Date
- Mar 01, 1986
- Accession Number
- ADA168778
Entities
People
- James E. Linquist
- Timothy S. Evans
Organizations
- Naval Postgraduate School