Art /Army Board - Supply Economy Part 2
What is the limit for the purchases with an IMPAC card?
$2500 per transaction
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Key Terms
Term
Definition
What is the limit for the purchases with an IMPAC card?
$2500 per transaction
According to AR 735-5 what does real property consist of?
lands and structures, Capitol equipment, other nonexpendable supplies (all consumable and non consumable supplies)
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What are 3 classifications for accounting purposes for all army property?
expendable, durable, non expendable
What types of items require formal property book accounting at the user level?
Non expendable
Durable hand tools will be controlled at the user level using what procedures?
Hand receipt procedures
What is centralized accounting?
Accountability is maintained at a central location and the property is physically stored at other installations
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| Term | Definition |
|---|---|
What is the limit for the purchases with an IMPAC card? | $2500 per transaction |
According to AR 735-5 what does real property consist of? | lands and structures, Capitol equipment, other nonexpendable supplies (all consumable and non consumable supplies) |
What are 3 classifications for accounting purposes for all army property? | expendable, durable, non expendable |
What types of items require formal property book accounting at the user level? | Non expendable |
Durable hand tools will be controlled at the user level using what procedures? | Hand receipt procedures |
What is centralized accounting? | Accountability is maintained at a central location and the property is physically stored at other installations |
How often will supplies and equipment in storage at supply activities be inventoried? | Annually |
How often, at the user level, will all on-hand property carried on property book records and/or hand receipt records be inventoried? | Annually or at the change of accountable officers |
How often will real property be inventoried? | Every 3 years or change of accountable officers |
What is the minimum time that property records and adjustment documents be maintained? | Two years |
What is accountability in terms of supply economy? | The obligation of a person to keep records of property, documents, or funds |
What is responsibility in terms of supply economy? | The obligation of an individual to ensure government property and funds entrusted to his/her possession are maintained and cared for |
According to AR 735-5, what are the 5 types of supply responsibilities? | 1) command responsibility - obligation of the commander to ensure that all government property within his command is properly used and cared for 2) supervisory responsibility - obligation of supervisors to ensure subordinates use and care for property 3) direct responsibility - individual ensuring that property that he has received is properly cared for 4) custodial responsibility - obligation of an individual for property in storage to ensure property is cared for 5) personal responsibility - care for property in your possession |
What units have property book accounts? | All units assigned parent organization UIC |
What is a Stock Record Account (SRA)? | A formally established set of records and files used to account for US army property being held for issue |
What form is a basic property record? | DA Form 2877 (Real Property Record) |
What is the maximum monetary reward for the recovery of list army property? | $500 |
What items carry a standard reward of $100 and a max of $500? | Aircraft, missiles, and vehicles/weapons/ammunition |
Who is the approval authority for standard monetary awards? | MACOM Commanders |
What regulation addresses command supply discipline program? | AR 710-2 |