PED finance Flashcards
1
Q
What is public money?
A
Money allocated to the MOD from the gov defence budget
2
Q
How much public money annually?
A
40-45 billion
3
Q
What are public funds used for?
A
Sports travel (cat 1 and cat 2) RAF APDT PEd equipment (cat 1 and cat 2) Facility hire Management of funded facilities
4
Q
What are scaled purchases?
A
Bought by public funds
5
Q
What are non scaled purchases?
A
Leased
6
Q
What is NEWITS?
A
A means of completing available funding for the MOD
7
Q
What is non-public funding?
A
Money sourced through the tax payer
8
Q
How is non-public funding sourced?
A
SGts and officers mess JNCO welfare fund Facility memberships (e.g. civi memberships to gym) Equipment hire Club memberships RAF Central funds Sponsorship
9
Q
JSP for sponsorship?
A
JSP 463, Ch 34 / AP 3415
10
Q
How to procure non-pubic equipment?
A
Submit a bid (3 quotes)
STO/SNCO PEd purchases
SIF Accounts arrange payments
11
Q
What are the central service funds?
A
RAF Central fund Nuffield Trust for the forces of the crown Trenchard memorial awards funds Tri/Bi service applications RAF Lottery
12
Q
JSP for facility provision?
A
JSP 315
