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Justice, Fairness, Inclusion, and Performance.

U.S. Navy Working Capital Fund (In Progress)



The Navy Working Capital Fund (NWCF) is a revolving fund that oversees a range of critical activities for the U.S. Department of the Navy (DON), including Supply Management, Depot Maintenance, Transportation, and Research and Development. The NWCF operates the Fleet Readiness Centers and Marine Corps Depots for maintenance on aircraft, weapons systems, and support equipment, and the Military Sealift Command for over-ocean transportation of supplies and provisions. The NWCF operates as a shock absorber and provides stable pricing of products and services for customers and recovers any fluctuations in prices in the following years through a change in rates. The NWCF is housed in the Office of the Assistant Secretary of the Navy (Financial Management & Comptroller) (ASN (FM&C)) under the Office of Budget (FMB).


The U.S. Department of the Navy has contracted with the Academy to conduct an assessment of how programmatic choices affect the Navy Working Capital Fund (NWCF). This project aims to identify areas for improvement and recommend strategies to optimize the Department of the Navy’s programmatic choices.

Click the button below to view the Project Overview.

Project Overview


If you have any questions or comments regarding the study, please contact, Brenna Isman, Director of Academy Studies (

Study Fellows