CHAPTER 5
CHAPEL FUND ACCOUNTING (PART 2)
The accounting procedures for a Command
Religious Program (CRP) chapel fund for
1 month were covered in the preceding chapter.
A completed Receipts and Expenditures Record
is shown in figure II-5-1 summarizing the trans-
actions for the month of August 1980 (fiscal year
1980). This chapter will be a continuation of the
transactions for September 1980 (fiscal year
1980) and October 1980 (fiscal year 1981) for the
same chapel fund.
After making the closing entries on the
Receipts and Expenditures Record for the
month of September, the quarterly and annual
Statements of Operations and Net Worth will be
explained. These two reports provide a summary
of the monetary transactions of the fund and in-
dicate the net worth of the fund at the close of
the quarter and fiscal year.
The format for this chapter will be the same
as for the last chapter. Transactions will be ex-
plained on a day-to-day basis as they occurred
during the month of September. However, the
transactions will not be explained in as much
detail as in the previous chapter, and the trans-
actions for October will be given in an abbrevi-
ated format.
ACCOUNTING APPLICATION
(SEPTEMBER)
Before proceeding to the daily transactions
for the month of September 1980 (fiscal year
1980), a short review is provided in the next few
numbered sections.
1. Name and address of command—Naval
Education and Training Program Development
Center (NAVEDTRAPRODEVCEN or NET-
PDC), Pensacola, Florida 32509.
2. Commanding officer—Isaac M. Captain,
CAPT, USN.
3. Command chaplain (United Presbyte-
rian)—John P. Jones, CDR, CHC, USN.
4. Assistant chaplain (Roman Catholic)—
Jerry E. Brown, LT, CHC, USNR.
5. Chapel fund administrator—Marvin R.
Smithers, RPC, USN.
6. Roman Catholic account custodian—
Marvin R. Smithers, RPC, USN.
7. Protestant account custodian—Alice L.
Ship, RP2, USN.
Additional guidelines or requirements will be
explained as needed during the course of
September’s daily transactions.
SEPTEMBER 1, 1980
The chapel fund administrator, RPC Marvin
R. Smithers, must ensure that all records are up
to date to begin the new month. After
thoroughly checking the transactions for the
month of August, he starts a new Receipts and
Expenditures Record for the month of Sep-
tember as shown in figure II-5-2. The beginning
balances shown in the ROMAN CATHOLIC
ACCOUNT (
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,880.37), the PROTESTANT
ACCOUNT (,254.18), and the COMPOSITE
BALANCE (,134.55) are brought forward
from the “8/31 Balance Forward” line of the
Receipts and Expenditures Record for the
month of August shown in figure II-5-1.
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