NASA Contractor Financial Management Reports

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form NF533M NASA Contractor Financial Management Reports	Form and Instruction	Modified	Available
2700-0003. Supporting Statement 2016..-.docx	Supporting Statement A	Uploaded 2016-03-16	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
27941	NASA Contractor Financial Management Reports	Form and Instruction	Modified

ICR Details

OMB Control No: 2700-0003	ICR Reference No: 201602-2700-001
Status: Historical Active	Previous ICR Reference No: 201207-2700-003
Agency/Subagency: NASA	Agency Tracking No: 2700-0003
Title: NASA Contractor Financial Management Reports
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 03/25/2016
	Date Received in OIRA: 02/08/2016
Terms of Clearance: This collection is approved based on the revised materials provided by the Agency.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2019	36 Months From Approved	03/31/2016
Responses	6,000	0	9,600
Time Burden (Hours)	54,000	0	86,400
Cost Burden (Dollars)	0	0	0

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Abstract: The NASA Contracting Financial Reporting System is the basic financial medium for contractor reporting of estimated and incurred costs. The information collected provides NASA with data necessary to project costs and ensure Contractor performance is planned and Reports are necessary supported by dollar and labor resources. The data provided by these reports is an integral part of the Agency's accrural accounting and cost-based budgeting systems required under 31 U.S.C3512(e).

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Authorizing Statute(s): US Code: 31 USC 3512 Name of Law: null
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 147	07/31/2015
30-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 220	11/16/2015
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
NASA Contractor Financial Management Reports	NF533Q, NF533M	Monthly Contractor Financial Management Report ,   Quarterly Contractor Financial Management Reporting

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ICR Summary of Burden

table that charts list of burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	6,000	9,600	0	-3,600	0	0
Annual Time Burden (Hours)	54,000	86,400	0	-32,400	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The burden reduction is attributed to:(1) an increase in the number of fixed price contracts, and (2) a decrease in the number of contracts meeting the reporting criteria, which has been trending down over the past three years.

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Annual Cost to Federal Government: $3,200,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 02/08/2016

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