Navy Cash Standard Operating Procedures - Financial Management ...

Working Draftexample, a card that is turned in after hours or “under the door” or after the visitor has left theship and cannot be attributed to a specific individual, must be collected to the TreasuryDepartment Receipt Account, Forfeiture of Unclaimed Money and Property, in accordance withDOD FMR, Volume 5, Chapter 6, Paragraph 0606. If not cashed out, any value remaining on acard after it has been turned in will be handed over to Treasury and cannot be recovered.c. Chip to Merchant Account (Individual and Bulk Sales)The Navy Cash application is designed to handle electronic value transfers from the chip tothe various Navy Cash accounts held by retail merchants on the ship, for example, Wardroom,Chiefs Mess, ship’s store. Because these transactions represent electronic merchant sales, theyare handled completely within the Navy Cash application and do not affect the DisbursingOfficer’s accountability or other responsibilities for funds.(1) After the Disbursing Officer verifies ownership of the Navy Cash card, thecardholder inserts card into K22.NC SOP Ver 1.12 Chpt 8 Disbursing.doc 8-22 16-Aug-07