Navy Suspends Official Spending on 'Presentos'
Navy News Service
Story Number: NNS130516-13
5/16/2013
From Navy Office of Information
WASHINGTON (NNS) -- The Navy released new guidance to commanders May 16 suspending the expenditure of official funds on presentation items such as plaques, ball caps, coins, etc.
"We have significantly reduced our rate of expenditure of appropriated funds to preserve mission essential operations," said Vice Chief of Naval Operations Adm. Mark Ferguson in NAVADMIN 128/13 which suspends authority to purchase presentation items until further notice.
According to the NAVADMIN, previously purchased items may be distributed in accordance with existing policy.
Additionally, the new guidance does not apply to items purchased with personal funds or to the purchase of items with the use of official representation funds following appropriate review and approval.
Ferguson expressed his appreciation for the continued support of commanders as the Navy looks for ways to reduce expenses while maintaining readiness. He also said he would provide updated guidance as the situation warrants.
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