What is the retention period for the expenditure invoice file in Navy logistics?

The retention period for the expenditure invoice file in Navy logistics is set at three years. This time frame is established to ensure that the records are kept long enough to allow for thorough auditing processes, financial reviews, and any potential inquiries that may arise regarding expenditures.

Keeping these files for three years supports accountability and compliance with federal regulations, which often require that financial documents be stored for a specific period to facilitate proper review and investigation if needed. Retaining the files for three years also aligns with the administrative and operational practices within the Navy, ensuring historical data is available to analyze trends, audit past transactions, and maintain effective financial management within the logistics system.