SUMMARY

THE B SUMMARY.— This summary is used to effect statistical accounting adjustments (nonchargeable) between appropriation accounting classifications including adjustments between UICs. For example, transfer of DBOF material between activities under the same type commander will be included in the B summary and is nonchargeable. SUMMARY The duties and responsibilities of financial recordskeepers and supervisors aboard ships and ashore are vitally important. Personnel working with financial records must be familiar with the OPTAR, DBOF, and end-use accounting. The AK must learn the procedures for the different OPTARs. The TYCOM issues OPTARs for the operations and maintenance of the activity and for the flight operations (for aviation squadrons). Few AKs get involved with the OPTAR used for repair of other vessels (ROV). These OPTARs are administered and reported as prescribed for by the Financial Management of Resources Operating Pmcedures (Operating Forces), NAVSO P-3013. The DBOF is administered and reported as prescribed by various NAVSUP, NAVCOMPT, and DFAS-CL manuals. In this chapter, we discussed the basic principles, procedures, and verifications supervisors must know in financial management. We discussed the DB OF and OPTAR funds as separate entities and their relationships to each other. The list of terms and definitions will help you understand the procedures and reporting requirements in financial management. The flow of funds and budgeting procedures will give you an idea of how the activities get funded for required material and services. We discussed the symbols and codes used in appropriations, funds, and reports. You will become more familiar with these codes and symbols as you use them. We discussed the procedures used for managing the DBOF by SAC 207 activities. We also discussed the different FIRs carried in the SAC 207 and the reports generated by the DAO to reconcile the transactions that affect them. We described the different documents that will help you conduct the performance analysis in your activity. We discussed the procedures, required files, records and logs, and the responsibilities of personnel in maintaining the aviation squadron’s OPTAR. As the material control supervisor or senior enlisted person in the squadron, you will be responsible for OPTAR maintenance. This chapter will help you understand your responsibilities to ensure that the OPTAR is properly used, documented, and reported. You should refer to the publications and manuals discussed in this chapter for the current information and procedures. 6-24