Federal Financial Accounting Standards require that NASA account for Government-owned/contractor-held property. Contractors' records are the official Government property records. The NF1018 provides an annual collection of summary data to ensure the accurate reflection of Agency assets and depreciation on the financial statements and essential property management information.
Although NASA has fewer contracts, there has been an increase in the number of contracts having property valued with an acquisition cost of $100K or greater.
$966,112
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Walter Kit
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.