What type of expenses does fund code "2800" cover?

Study for the OPTAR Fund Codes (OFC) / Navy Fund Codes Test. Prepare with flashcards and multiple choice questions, complete with hints and explanations. Get ready to succeed!

The fund code "2800" specifically pertains to Information Technology (IT) expenses. This code is used within the Navy's fund management system to categorize and track expenditures related to the acquisition, maintenance, and operation of IT systems and equipment. Such expenses may include purchasing software, hardware, training personnel on new technologies, and ensuring the security and efficiency of IT networks.

Utilizing this fund code helps facilitate proper budgeting and allocation of resources, ensuring that financial planning aligns with the needs and obligations related to information technology within the Navy. Understanding the specific applications of this fund code is crucial for personnel involved in financial management and reporting, ensuring they allocate funds correctly to support IT initiatives effectively.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy