What can O&M funding be used for?

What can O&M funding be used for?

Operation & Maintenance (O&M) Appropriations funds the cost of operating and maintaining equipment at a state of readiness. It covers expenses such as civilian salaries, travel, minor construction projects, operating military forces, training and education, depot maintenance, stock funds, and base operations support.

What are OCO funds?

Following the September 11, 2001, terrorist attacks, Congress provided funding designated for emergency requirements and later for Overseas Contingency Operations/Global War on Terrorism (OCO/GWOT) to support U.S. military operations in Afghanistan, Iraq, Syria, and other countries, in addition to other activities.

What is Milcon funding?

Military Construction (MILCON) appropriations fund major projects such as bases, schools, missile storage facilities, maintenance facilities, medical/dental clinics, libraries, and military family housing.

What are procurement funds?

Procurement funding is used for the acquisition of production articles, including procurement and production direct support costs such as production testing, quality assurance, and production engineering, equipment assembly whether performed under contract or in-house when required to produce and deliver a usable end- …

What does OCO mean military?

Overseas Contingency Operations
The Overseas Contingency Operations (OCO) fund – sometimes referred to as war funds – is a separate pot of funding operated by the Department of Defense and the State Department, in addition to their “base” budgets (i.e., their regular peacetime budgets).

What is a corporate slush fund?

A slush fund refers to a sum of money reserved for specific purposes in a business. Often times, slush funds are sum of money not accounted for, these funds are kept as a reserve and used for personal gains and illicit or illegitimate purposes. slush funds occur in business and political organizations.

What is the average age of a DoD facility?

Impacting the welfare of troops Additionally, the average age of a “Navy wharf” is 73 years old, some 23 years beyond its expected lifespan. Overall, the report stated that 29% of buildings across the Army, Air Force, Navy and Marine Corps were constructed more than 60 years ago and have exceeded their lifespans.

What is procurement in the army?

Updated December 9, 2021. Defense Primer: Procurement. Background. While procurement implies a process of obtaining goods or services, the word also refers to a specific title and associated accounts within the annual National Defense Authorization Act (NDAA) and defense appropriations legislation.

What are 3010 funds?

Allowance of Procurement (3010) funds to be obligated for projects (contracts) that cross fiscal years, and 3.) Utilization of Procurement (3010) funds while they are in their Expired Phase.

What is meant by colors of money?

the ‘color of money’ refers to the different categories of budget dollars and the specific uses on which they may be spent. Under-execution of funds in one area can result in future budget cuts.

What does OCP stand for?

OCP: Oral contraceptive pill.

Does the Navy wear OCP?

The U.S. Space Force has also adopted the OCP uniform, but with navy blue thread for ranks and tapes.

What is a slush fund in accounting?

A slush fund is a sum of money that is set aside as a reserve. In accounting, a slush fund is a general ledger account of commingled funds that does not have a designated purpose. In more sinister cases, a slush fund may be used as a “black fund,” which is unaccounted for and kept off the books.

How much should you have in slush fund?

The recommended amount to have in a slush fund depends on the use of the fund. If one is using a slush fund as an emergency fund, three to six months’ worth of expenses has typically been the recommendation. Three to six months of expenses will be different for everyone.