NASA Property in the Custody of Contractors

ICR 201602-2700-002

OMB: 2700-0017

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supplementary Document
2016-02-09
Supplementary Document
2016-02-09
Supporting Statement A
2016-03-28
IC Document Collections
IC ID
Document
Title
Status
27954 Modified
ICR Details
2700-0017 201602-2700-002
Historical Active 201208-2700-002
NASA
NASA Property in the Custody of Contractors
Revision of a currently approved collection   No
Regular
Approved with change 04/14/2016
Retrieve Notice of Action (NOA) 02/25/2016
This collection is approved based on the revised materials provided by the Agency.
  Inventory as of this Action Requested Previously Approved
04/30/2019 36 Months From Approved 04/30/2016
661 0 649
3,920 0 977
0 0 0

NASA collects information from its contractors to ensure effective accountability and control of NASA assets in accordance with Federal Financial Accounting Standards.An annual collection of summary information from NASA contractors is necessary to validate NASA assets and associated depreciation on financial statements and essential property management reports. The NASA Form 1018/NASA Property in the Custody of Contractions is the information collection instrument used to collect the data.

US Code: 31 USC 3512 Name of Law: Executive Agency Accounting and other financial Management Reports and Plans
  
None

Not associated with rulemaking

  80 FR 173 09/17/2015
81 FR 23 02/04/2016
No

1
IC Title Form No. Form Name
NASA Property in the Custody of Contractors NF1018 NASA Property In The Custody of COntractors

  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 661 649 0 12 0 0
Annual Time Burden (Hours) 3,920 977 0 2,943 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
NASA Fiscal Year 2014 Agency Financial Report showed that over $3.3 billion of the Agency’s $7.7 billion in property, plant and equipment was held by contractors. That equates to nearly 43% of the items in NASA’s capital inventories. There are more contractors with property in their custody over $1M in value. The reporting process for property over $1M in value is more extensive, and therefore increases the burden.

$308,944
No
No
No
No
No
Uncollected
Frances Teel 240 460-5269 [email protected]

  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.
02/25/2016


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