Reimbursable Reserve fund code?

Prepare for the Boatswain’s Mate Chief (BMC) SWE Exam with in-depth study materials and multiple-choice questions. Enhance your understanding with well-explained hints and explanations. Ready yourself to excel!

Multiple Choice

Reimbursable Reserve fund code?

Explanation:
Fund codes show the source of funds for a task. A Reimbursable Reserve Fund code is used when work is performed for another activity with the expectation that the cost will be reimbursed; these funds are reserved specifically for that purpose and tracked separately so reimbursements can be credited back. The code assigned to this category is 94, which is why it is the correct choice. Other numbers correspond to different fund categories and would not indicate a reimbursable reserve.

Fund codes show the source of funds for a task. A Reimbursable Reserve Fund code is used when work is performed for another activity with the expectation that the cost will be reimbursed; these funds are reserved specifically for that purpose and tracked separately so reimbursements can be credited back. The code assigned to this category is 94, which is why it is the correct choice. Other numbers correspond to different fund categories and would not indicate a reimbursable reserve.

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