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Working Capital Funds


November 4 - 6, 2008
8:30 AM - 4:30 PM		Instructor: Paul DominickWashington, DC$725
January 12 - 14, 2009
8:30 AM - 4:30 PM		Instructor: Kent MillerWashington, DC$725
February 25 - 27, 2009
8:30 AM - 4:30 PM		Instructor: Daniel ThurmanSan Diego, CA$725
April 14 - 16, 2009
8:30 AM - 4:30 PM		Instructor: Charles FullerSt. Louis, MO$725
June 15 - 17, 2009
8:30 AM - 4:30 PM
San Antonio, TX$725
July 22 - 24, 2009
8:30 AM - 4:30 PM		Instructor: Charles FullerWashington, DC$725
September 15 - 17, 2009
8:30 AM - 4:30 PM		Instructor: Charles FullerVirginia Beach, VA$725

Overview:
Revolving or working capital funds are a distinct method of financing selected government operations and functions. This course acquaints participants with the goals, roles and activities of working capital funds (WCF) and how they function in the federal government. It describes the utilization of a revolving fund concept in designing a business-like enterprise to operate within the federal government environment. You will learn the process and cycle of operations for revolving funds; the goals, objectives and methods of cost accounting for working capital funds; and the unique aspects of cash and cost management.
Who Should Attend?
Financial managers, program managers or anyone who needs a comprehensive understanding of working capital funds, including policies, procedures, concepts and terms. Level: Intermediate.
Syllabus:
Syllabus -- Working Capital Funds, FINC9000D, Grad. School, USDA

Day one of three

  • Introduction
    • Purpose, Objective, and Scope of the Working Capital Funds (WCF)
    • Origin and Structure of the Working Capital Funds
      1. WCF Business Areas
      2. WCF Charter
    • The Working Capital Funds Management Structure
      1. The WCF Corporate Board
      2. Office of the Under Secretary of Defense (Comptroller)
      3. Military Departments and Defense Agencies
  • Working Capital Funds Planning, Programming and Budgeting
    • Planning
    • Programming
    • Budgeting
    • Customer and WCF Business Operations Budgeting Concepts
      1. Customer Related Budgeting
      2. WCF Business Area (Provider) Budgeting
        1. Full Recovery of Costs
        2. Setting of Rates and Prices

Day two of three

  • Working Capital Funds Planning, Programming and Budgeting (cont.)
    • Operating Budget Presentation and Submission
    • Budget Execution
    • Performance Measures Evaluation
    • Transaction Reporting
    • Quarterly Execution Review
    • Budget Execution Linked to Budget Formulation
  • Cost Elements and Business Management Concepts
    • Depreciation Expenses
    • Major Real Property Maintenance and Repair (MRPM&R)
    • Cash Management
    • Customer Mandated Schedule Changes
    • Intrafund Transactions
    • Management Headquarters

Day three of three

  • Cost Elements and Business Management Concepts (cont.)
    • War Reserves
    • Military Personnel Costs
    • Base Realignment and Closure Costs
    • Funding of Civilian Voluntary Separation Incentive Program
    • Minor Construction Funding Procedures
    • Post-Investment Analysis Requirements
    • Mobilization Requirements and Related Costs
  • Unit Costs
    • Understanding Costs and Outputs
    • Development of Unit Cost
    • Managing with Unit Cost
    • Challenges, Opportunities and Benefits


Course Details
CODE:  FINC9000D
TYPE:  Classroom-Day
LENGTH:  3 Day(s)
CREDITS:  24 CPE
> Who Should Attend?
> Course Syllabus
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