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.