working capital fund


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working capital fund

A revolving fund established to finance inventories of supplies and other stores, or to provide working capital for industrial-type activities.
References in periodicals archive ?
In addition to the NWA, the act would create the Nuclear Waste Fund, a new working capital fund in the U.
Carryover is greatly affected by orders accepted by working capital fund activities late in the fiscal year that generally cannot be completed by fiscal year end, and in some cases cannot even be started prior to the end of the fiscal year.
In order to manage the government-run supplier base more efficiently, NAVSEA's Naval Warfare Centers and certain shipyards use a businesslike working capital fund model.
RIRO also benefits the USN in that it permits the recapitalization of funds into the navy working capital fund for more urgent requirements and helps reduce the NWCF cost recovery rate by increasing obligation authority.
The Department of Department of Transportation and Public Facilities (DOT&PF), Division of Administrative Services is soliciting the vendor community for a company to provide financial services for the preparation of the annual fund statement and required note disclosures for the Highway Equipment Working Capital Fund (HEWCF).
Jack O'Toole, Ralph Proctor, and Cheryl Dare--all Senior Budget Analysts--gave the Defense Working Capital Funds (DWCF) update.
The Department Of Transportation, Division Of Statewide Procurement Seeks The Services Of An Independent Auditor To Review The Fund Distribution Methodology For International Airport Revenue Fund (Iarf), Highway Equipment Working Capital Fund (Hewcf), And The Marine Highway Fund.
However, no legal minimum is required in the working capital fund and for stress purposes to test reserve sufficiency, Fitch has not assumed any funds will be available in the working capital fund to pay bondholders in the event of a termination.
Effective in fiscal 2006, the working capital fund is no longer a separate fund with balances now included as unallocated general revenues.
Receipts surged in fiscal 2004, and combined budget stabilization and working capital fund balances grew to $3.
Draws on the working capital fund are projected to reduce the balance to $464 million at year-end, with the stabilization fund increasing to $1 billion.
Use of working capital fund balance will be offset to some extent by nonrecurring expenditures.