The term “Color of Money” is uses in the DoD to refer to an Appropriation Category for a DoD financial account. The type of account can range from Procurement, Research and Development (R&D), Operations and Maintenance (O&M), and others. Each category is considered to be a different color of money.
Each account is considered a “color”, I don’t know why. The five major accounts include:
- Military Personnel (MILPER)
- Operations and Maintenance (O&M)
- Military Construction (MILCON)