MCO 7322.1 — Submittal Of Quarterly Property Activities Data

MCO 7322.1 governs the submission of quarterly property activities data for Marine Corps financial statement reporting.

Publication number: MCO 7322.1
Title: SUBMITTAL OF QUARTERLY PROPERTY ACTIVITIES DATA
Date: 6 Oct 2019
Proponent: 07000 Financial Management
Status: New

MCO 7322.1 covers General Property, real property, internal use software, military equipment, ammunition, non-ammunition OM&S, and stewardship land. It requires data call responses, variance analyses, reconciliations, validations, and supporting notes and disclosures.

Applies to: Effective on the date of release of this Order, Marine Corps commands and activities will adhere to this guidance to enable the Marine Corps to comply with references (a) and (k).

Topics covered

General Property reporting
Real Property reporting
Internal Use Software reporting
Military Equipment reporting
OM&S ammunition reporting
OM&S non-ammunition reporting
Stewardship Land reporting
Variance analyses

Questions and answers

What must variance analysis explanations address?

Variance analysis explanations provided are required to speak to no less than 70% of the variance from the prior fiscal year. (paragraph 4)

What value threshold applies to quarterly real property reporting?

If the deflated PRV does not exceed $250,000, it is still maintained in the relevant APSR. (paragraph 5)

How much OM&S held for use should be reported?

Should not exceed a thirty-day supply unless supporting documentation for rationale of increased OM&S is developed and maintained for review. (paragraph 9)

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