(,250.66). These two figures are added and
the total is inserted in the TOTAL column of the
The total expenditures for the NETPDC chapel
fund for fiscal year 1980 are ,742.38.
9, NET WORTH, END OF PERIODin
this section, the expenditures for the fiscal year
(step 8) are subtracted from the total of line 1
plus line 2 (step 7) to obtain the net worth of
each account, Roman Catholic and Protestant,
at the end of the period. The following
arithmetic functions will yield the figures
necessary for this step.
Line 1 + Line 2
The resultant differences are placed in the spaces
provided under ROMAN CATHOLIC AC-
,544.70) and PROTESTANT AC-
,652.66). These two figures are
added and the total is inserted in the TOTAL
column of the statement.
CRP Net Worth
The net worth of the NETPDC Command
Religious Program chapel fund at the end of
fiscal year 1980 is ,197.36. NOTE: The net
worth figures on the annual statement should be
the same as the net worth figures on the last
quarterly statement for the fiscal year. The
administrator would compare the last quarterly
statement (figure II-5-75) with the annual state-
ment (figure II-5-86) and discover that the
figures matched in this application.
10. CASH IN BANKthe explanation in
step 10 of the quarterly statement applies here
11. PETTY CASHthe explanation in step
11 of the quarterly statement applies here also.
12. OTHERthis section will not be used
for this application.
13. NET WORTH, END OF PERIODthe
explanation in step 13 of the quarterly statement
applies here also.
14. TOTAL AMOUNT OF ORDERS
PLACED BUT NOT PAIDthe explanation in
step 14 of the quarterly statement applies here
15. BLANKthe chapel fund administrator
may use this section for comments pertinent to
the statement. RPC Smithers inserted the
CHIEF OF NAVAL OPERATIONS (OP-01H)
16. TYPED NAME AND GRADE OF
FUND ADMINISTRATORthe explanation in
step 16 of the quarterly statement applies here
17. SIGNATUREthe explanation in step
17 of the quarterly statement applies here also.
This completes the annual Statement of
Operations and Net Worth for fiscal year 1980
for NAVEDTRAPRODEVCEN. RPC Smithers
would give the statement to the command
chaplain, who would review the statement and
then post a copy in a conspicuous place for
viewing by participants in the CRP. Also, the
command chaplain would attach a copy of the
statement to the command chaplains annual
report which is sent to the commanding officer,
command auditor, and the Chief of Naval
The chapel fund administrator is now ready
to begin the accounting cycle for fiscal year