Reporting of Navy Sponsor Owned Material Stored at the Naval Air Systems Command Activities

Abstract

Who Should Read This Report and Why? Navy personnel responsible for reporting the amount and value of Sponsor Owned Material stored at Navy facilities should read this report. It discusses the financial reporting and control of Sponsor Owned Material stored by Naval Air Systems Command activities. Background. The Department of the Navy reported $58.8 billion of Operating Materials and Supplies on its first quarter FY 2006 financial statements. This included a sub-category of supplies and materials termed Sponsor Owned Material. The Navy defines Sponsor Owned Material as material needed to support program manager mission requirements. The material is used for item fabrication, assembly, testing, manufacture, repair, or research and development. For the fourth quarter FY 2006, the Naval Air Systems Command reported $4.67 billion of Sponsor Owned Material.

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Document Details

Document Type
Technical Report
Publication Date
Apr 23, 2007
Accession Number
ADA472191

Tags

Communities of Interest

  • Air Platforms
  • Autonomy
  • Space
  • Weapons Technologies

DTIC Thesaurus Topics

  • Accounting
  • Aircrafts
  • Assembly
  • Business Administration
  • Control Systems
  • Department Of Defense
  • Financial Management
  • Foreign Military Sales
  • Governments
  • Ground Control Stations
  • Inventory
  • Inventory Control
  • Maintenance
  • Materials
  • Test And Evaluation
  • Test Equipment
  • Turbines

Readers

  • Defense Financial Management and Audit.
  • Environmental Engineering.
  • Maritime and Naval Warfare Studies