Manage a Limited Depositary Account

Conditions: As a Resource Manager, you have been tasked to validate your received monthly LDA (Limited Depositary Account) bank statement. You have access to DoD Financial Management Regulation 7000.14-R, Volume 5, Disbursing Policy and Procedures, SF 1098, Schedule of Cancelled or Undeliverable Checks affecting LDA, the prior month’s SF 1149, Statement of Designated Depositary Account, a blank SF 1149, Statement of Designated Depositary Account, OF 1017-G, Journal Vouchers affecting the LDA, SF 1219, Statement of Accountability, the LDA check register, Standard Disbursing Office Equipment, and the Deployable Disbursing System (DDS). This task should not be trained in MOPP 4.

Standards: With at least 100% accuracy, you must demonstrate proficiency in:
1. Determine the beginning LDA balance.
2. Prepare a record of LDA checks issued.
3. Prepare a listing of outstanding LDA checks.
4. Determine dollar amount of outstanding LDA checks.
5. Prepare the schedule of deposits made to the LDA.
6. Prepare the schedule of deposits made to the LDA.
7. Determine the dollar amount of the LDA deposits in transit.
8. Calculate the adjusted LDA bank balance.
9. Verify the adjusted LDA balance is correct.
10. Prepare a SF 1149, Statement of Designated Depositary Account.
11. Submit the SF 1149, Statement of Designated Depositary Account.

References: