Justification of Estimates for Fiscal Years 1988/1989 Submitted to Congress. Air Force Stock Fund.
DEPARTMENT OF THE AIR FORCE WASHINGTON DC
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The Air Force Stock Fund AFSF consists of six divisions System 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 wartine 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 enviroment, 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. Congressional guidance in the FY 1982 Appropriations Bill directed the Services to request direct appropriations to finance peacetime inventory expansion for these purposes beginning in FY 1983.
- Administration and Management
- Logistics, Military Facilities and Supplies