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XP Fund Code

XP Fund Code. November 10, 2010. Cathy Shepard. XP Fund Code. Definition: “XP” = Authorization for Non-Interfund Billing. Background :

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XP Fund Code

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  1. XP Fund Code November 10, 2010 Cathy Shepard

  2. XP Fund Code • Definition: • “XP” = Authorization for Non-Interfund Billing. • Background: • DoD Financial Management Regulation, Volume 4, Chapter 3, Section 0305, requires any military service requsitioner who has the capability to use the interfund billing system. • Interfund billing system allows suppliers to reimburse themselves from appropriations designated by the customer, at the time of billing. • Interfund bills provides both “bills” and “notices” to a customer that its funds have been charged and the “bill” paid.

  3. XP Fund Code • Issues: • Non-Use of the Interfund Billing System on DOD Receivables. • Valid DoDAACS • Invalid Authority Code • Invalid Fund Code • Invalid Signal Code • Invalid DoDAACS • STORES/EBS Pricing Issue

  4. XP Fund Code • Impact: • DLA has $86.8M in delinquent DoD Receivables as of October 2010 Monthly Receivable Data Report. • Air Force $31.0M / 2352 Bills • Army $17.6M / 1003 Bills • Navy $18.6M / 1257 Bills • Defense Agencies $15.3M / 802 Bills • United States Marine Corp $4.3M / 78 Bills

  5. XP Fund Code • Action Items: • Meetings are being held with the Military Services and DFAS Client Executives. • Way Forward: • Continue to work with Military Services, Defense Agencies and DFAS on reducing use of XP Fund Code. • Open Discussion: • Recommendations:

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