IRT Offices

Individual Stamp Credits

• Each RA assigned stamp stock requiring revaluation must multiply the number of stamps on hand to be revalued by the difference between original price and new revalued price.
• Enter the difference by category on PS Form 17.
• Enter the total on the PS Form 17 to the RA’s IRT disk.
• The RA will enter the total from PS Form 17 to AIC 844, Stock Increase – Revaluation.

Unit Reserve Stock

• The unit reserve stock custodian issues to an RA all stamps and envelopes in the unit reserve that require revaluation.
• The RA receives the stock by using the “STAMPS+” key, creating an entry to AIC 841, Stamp Stock Received.
• RA revalues the stock by following the revaluation instructions for “Stamp Credits.”
• After the stock custodian reduces unit inventory quantities requiring revaluation to zero (by issuance to an RA) and has performed the “New Day” process, the stock custodian deletes the item numbers from the stamp stock inventory (at the old price).
• The stock custodian adds the item numbers back into stamp stock inventory at the new price.
• The RA prepares PS Form 17 for returning stock and enters the value of the stamps and envelopes to be returned to the unit reserve inventory at the new price. Use the “STAMPS (-)” key, creating an entry in AIC 848, Stamp Stock returned.
• The stock custodian receives the total from the PS Form 17 into the unit reserve inventory at the new price.

Closeout Employee

• When all clerk disks are consolidated, verify that the total revaluation for the unit is reported correctly in AIC 844 and AIC 850 on the unit PS Form 1412.
• File PS Form(s) 17 as supporting documentation.