Checking  Account Figure II-5-68 shows the check issued to the NETPDC chapel fund administrator. This check is  issued  for  the  total  amount  of  the  Purchase Orders  (.84)  shown  in  figures  II-5-66  and II-5-67   for   the   Roman   Catholic   (.84)   and Protestant ( ) accounts. Receipts  and  Expenditures  Record The   steps   required   to   bring   the   Roman Catholic and Protestant accounts up to date are shown  in  figure  II-5-69. The next thing that the chapel fund adminis- trator  must  do  is  to  total  all  the  figures  for  the month   on   the   Receipts   and   Expenditures Record.  This  is  where  he  must  check  his  work thoroughly so that he can start the next month’s records  without  difficulty.  Figure  II-5-70  shows the  totals  for  the  month  of  September.  The following   arithmetic   functions   summarize   this procedure: ROMAN  CATHOLIC  ACCOUNT BALANCE  (9/1) ROMAN  CATHOLIC  RECEIPTS (9/1 —9/30) TOTAL ROMAN  CATHOLIC  EXPENDITURES (9/1–9/30) ROMAN  CATHOLIC  ACCOUNT BALANCE (9/30) PROTESTANT  ACCOUNT  BALANCE (9/1) PROTESTANT  RECEIPTS  (9/1—9/30) TOTAL PROTESTANT  EXPENDITURES (9/1–9/30) PROTESTANT  ACCOUNT  BALANCE (9/30) ROMAN  CATHOLIC  ACCOUNT BALANCE  (9/30) PROTESTANT  ACCOUNT  BALANCE (9/30) COMPOSITE BALANCE (9/30) IT   IS   IMPERATIVE   THAT   THE   CHAPEL FUND   ADMINISTRATOR   CHECK   ALL   THE FIGURES   TO   ENSURE   THAT   THE   REC- ORDS  ARE  CURRENT  AND  ACCURATE! One  final  entry  is  required  on  the  Receipts and   Expenditures   Record.   The   chapel   fund administrator makes the closing entry shown in figure  II-5-7  1  and  is  now  ready  to  prepare  the quarterly  and  annual  Statements  of  Operations and  Net  Worth. STATEMENT  OF  OPERATIONS AND  NET  WORTH As  stated  in  the  previous  chapter,  a  State- ment  of  Operations  and  Net  Worth  will  be prepared by the chapel fund administrator at the close  of  each  quarter;  and,  a  cumulative  report will  be  prepared  annually  for  the  fiscal  year.  A copy  of  each  Statement  of  Operations  and  Net Worth will be posted in a place which is accessi- ble  to  participants  in  the  CRP.  Also,  a  copy  of the annual report will be forwarded to the com- manding  officer,  the  command  auditor,  and  the Chief of Naval Operations (OP-01H) as a part of the   command   chaplain’s   annual   report.   The form  used  for  this  report  is  entitled  Senior Chaplain’s  Annual  Report  (NAVPERS  1730/9). Both quarterly and annual statements will be ex- plained in the next few sections. NOTE: The statements that will be explained are  for  the  practice  accounting  application  that was  performed  for  the  NETPDC  chapel  fund. Local   command   requirements   may   necessitate that  certain  items  be  deleted  or  added  to  these statements   depending   on   local   instructions. Also,  it  may  be  necessary  to  alter  the  forms themselves;  however,  the  same  basic  informa- tion  as  outlined  in  Chapter  VI  of  NAVSO P-3520 must be included. QUARTERLY  STATEMENT  OF OPERATIONS  AND  NET  WORTH The  quarterly  Statement  of  Operations  and Net  Worth  is  prepared  by  the  chapel  fund  ad- ministrator in typewritten form on the last calen- dar  day  of  each  quarter  during  the  fiscal  year. 5-31