In the article “Handbook F-101 Revision: POS ONE Retail Floor Stock Limit,” in Postal Bulletin 22322 (10-20-11, pages 11–12), the Retail Floor Stock Limit calculations were incorrect. The corrected information is given below in bold.
Handbook F-101, Field Accounting Procedures
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14 Segmented Inventory accountability
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14-2 Retail Floor Stock
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14-2.3 Retail Floor Stock Limits
n For Postal FY Quarter 1 (October 1–December 31), the retail floor stock limit is the retail floor stock total postage sales from the same period last year (SPLY), same quarter, divided by 4.5. (This will calculate to approximately 3 weeks sales.) For example, if your retail floor stock total postage sales for Quarter 1 of the previous year totals $18,000, your retail floor stock limit for each day in Quarter 1 of the current year must not exceed $4,000 (18,000/4.5 = 4,000).
n For Postal FY Quarters 2, 3, and 4 (January 1–September 30), the retail floor stock limit is the total retail floor stock postage sales from Quarters 2, 3, and 4 of the SPLY divided by fourteen (14). (This will calculate to approximately 3 weeks sales.) For example, if your retail floor stock total postage sales from Quarters 2, 3, and 4 of the previous year totals $72,000, your retail floor stock limit for each day in Quarters 2, 3, and 4 of the current year must not exceed $5,143 (72,000/14 = 5,143).
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The new Retail Floor Stock Limit is effective in the month of November 2011.
— Revenue and Field Accounting,
Controller, 11-3-11
