Destruction of Funds
What is the regulation that governs Destruction of Funds?
DoDFMR 7000.14 Vol 5, Ch 18
Name two of the three types of clothing allowances
Initial, cash replacement, extra clothing (supplemental)
Name the regulation for SDP
AFMAN 65-116, Ch 62
DD Form 2664
What form is used to account for destroyed funds
DD Form 2669
What regulation governs clothing allowances
DoDFMR Vol 7a Chp 29
AFMAN 65-116 Vol 1
What is the minimum you can contribute to SDP?
Deposits may be made with at least $5.00 and in multiples of $5.00
How long must a member be in a qualified tax free area to be exempt from federal taxes
You arrive in country and want to exchange your USD for FU. The exchange rate is 14 Qatari Riyal to $1.
You go into finance and want to exchange 50 USD. How many Qatari Riyal to you get in return?
700 RIYAL
Who must witness the destruction of funds?
Three disinterested commissioned officers
Maternity Clothing is paid no more than once every...?
3 years
What si the maximum you can contribute?
Members may deposit all of their in-allotted pay and allowances each month. Total contribution cannot exceed $10K.
Members permanently assigned, PCS, or TDY in areas designated in the DoDFMR, Volume 7A, chapter 10.
$225 per month/prorated
Exchange rate is 3.5 FU to 1 USD.
The customer comes to finance and wishes to do a reverse exchange. They come with 140 FU. What will they receive in USD.
140/3.5=$40
If time permits, list the precedence of the destruction of funds.
currency, negotiable instruments, coins, and other valuables.
What clothing allowance can officers receive
Initial, additional, and civilian
If a deposit is made after the 10th of the month, which month does interest begin to accrue?
the first day of the next month
FID 14
Payable in the amount of $50, $100 or $150
When you can process a reverse exchange for a member
A member must be leaving the deployed area and must make an exchange between 3-7 before departure.