Figure II-4-11.—Petty Cash Voucher.
accounts of the fund. Each group would then
use the petty cash fund, including the replenish-
merit process, in the same manner as previously
explained. For explanation purposes, and to
emphasize that all of the religious groups or
categories that use the CRP chapel fund share
equally in the fund’s operation, the practice
accounting application in this manual will show
that has been drawn equally from the
Roman Catholic account () and the Protes-
tant account ().
PROPERTY AND EQUIPMENT
When accounting for property and equip-
ment, the cost of a particular item must first be
considered in order to determine what steps, if
any, need to be taken for accounting for that
item. Accounting for expendable and nonex-
pendable property/equipment will be explained
in the next two sections.
Expendable Property and Equipment
Expendable property and equipment is prop-
erty or equipment which has a unit value of less
than 0 and/or supplies and materials which
are immediately consumed in use or become
incorporated in other property, thus losing their
separate identities.
Nonexpendable Property
and Equipment
Nonexpendable property and equipment is
property or equipment which ordinarily retains
its original identity during use, has a unit acqui-
sition value of 0 or more, and a life expect-
ancy of more than 1 year.
The chapel fund administrator will account
for all nonexpendable property and equipment
acquired by the chapel fund on a Property and
Equipment Inventory Record (figure II-4-12).
This form must show a running dollar balance of
all nonexpendable property on hand. Separate
entries will be made for purchases and disposals.
Disposal of nonexpendable property requires
that a Certificate of Disposition on NAV-
COMPT Form 741 (figure II-4-13) be prepared
by the chapel fund administrator and be sub-
mitted to the commanding officer via the
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