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Re: ZPaul post# 63008

Tuesday, 07/19/2016 2:16:26 PM

Tuesday, July 19, 2016 2:16:26 PM

Post# of 235079
This may mean fallout money coming our way! Let me explain. I started my military career as a finance officer. I venture to say everyone here knows of the 1 October FY date. However, there is another one used in the budgeting process for appropriated (authorized by Congress) funding cycle. That is 1 July. I was on the other side of the house, non-appropriated funds (NAF) generated on-base. Anyway, if the appropriated basket was not completely empty near 1 July the word would go out that if organizations needed something (one year we bought athletic equipment and gear to replace broken/worn out stuff before the start of the next FY 1Oct.) put in a request for Command approval.
Alverez knows this. The updated info you just posted tells me they were getting the word out about our products in hopes of selling some to their Federal clients. They know that fallout money is perishable. What I mean is that it's a use or lose situation. Because if unspent in short order it has to be turned back to the Federal Treasury for reallocation. Thanks for sharing their most recent posting with us! The bottom line is that Alverez Associates is up at bat and swinging on our behalf. Let's hope they hit a home-run!