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 separate Budget Projects with total collections and expenditures projected to be in excess of $ 1 8 bi 1 1 ion for Fiscal Year 1 986. The authors examined 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. Six areas not presently included in specific Federal cash management programs were identified which offer potential NSF cash management improvements. Ten specific cash management recommendations are provided which would assist in minimizing the amount of NSF cash held outside the Treasury Cash Account.