Department of the Air Force Justification of Amended Fiscal Years 1988/1989 Biennial Budget Estimates Submitted to Congress February 1988. Air Force Stock Fund

Download or read book Department of the Air Force Justification of Amended Fiscal Years 1988/1989 Biennial Budget Estimates Submitted to Congress February 1988. Air Force Stock Fund written by DEPARTMENT OF THE AIR FORCE WASHINGTON DC. and published by . This book was released on 1988 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Air Force Stock Fund consists of six divisions: Systems Support, General Support, Medical-Dental, Fuels, Commissary, and Air Force Academy Cadet Store. These divisions provide for the financial management, inventory control, and distribution of consumable items of supply and low-cost equipment to support both peacetime and wartime operations. The stock fund operates under a revolving fund concept. The corpus of the stock fund consists of inventory and cash. Each division buys and holds inventory for sale to authorized customers (primarily operation and maintenance funded activities and the Air Force Industrial Fund) on demand. Sales of stock fund inventory generate cash that is used to replenish inventory levels. In a static environment, this sale and replenishment cycle is self-sustaining. However, introduction of new weapon systems, modification of existing systems, and increased levels of peacetime operation require expansion or augmentation of stock fund inventories to assure proper levels of support and readiness. Keywords: Air force budgets. (SDW).