CANCELED BY PIC 02-15
July 16, 2001
REQUIRED NASA FORM (NF) 1018 INFORMATION
PURPOSE: To provide a transmittal letter advising contractors of supplementary information required to be submitted with the NF 1018, NASA Property in the Custody of Contractors, as of September 30, 2001.
BACKGROUND: NASA must account for and report assets in accordance with 31 U.S.C. 3512 and 31 U.S.C. 3515. The Office of Management and Budget, in its requirements for the form and content of Agency financial statements, requires compliance with Statements of Federal Financial Accounting Standard (SFFAS) numbers 6 and 8. Supplemental information regarding Contractor-held property is necessary for NASA to comply with these standards.
PIC 00-09 established NF 1018 reporting requirements for September 30, 2000. The enclosed transmittal letter carries forward those reporting requirements for September 30, 2001. There are no new reporting requirements for September 30, 2001. However, process changes have been made to facilitate complete electronic submission of the NF 1018 and reduce paper copy submission. This PIC continues the following NFS deviation:
1. The NF 1018 dated June 2000 shall be used instead of the version displayed in 1853.245-70.
GUIDANCE: No later than July 31, 2001, contracting officers shall send a copy of the enclosed transmittal letter and its attachments to all contractors required to submit NF 1018 reports for the period ending September 30, 2001. The transmittal letter requires insertion of information unique to each contract. The letter and its attachments should be sent without revision or addition.
The information contained in the NF 1018 report is entered into the NASA accounting system to reflect current asset values for agency financial statement purposes. Therefore, it is essential that required reports be received no later than October 31. Contracting Officers should work with Center Deputy Chief Financial Officers (Finance) as appropriate to withhold payment when contractors do not submit NF 1018 reports in accordance with the provisions of 1845.505-14.
EFFECTIVE DATE: This PIC is effective as dated and shall remain in effect until canceled or superseded.
CANCELLATION: PIC 00-09 is hereby canceled.
HEADQUARTERS CONTACTS: Louis Becker, Code HK, (202) 358-4593, email: email@example.com; and Darwina Marks, Code BFZ, (202) 358-0989, email: firstname.lastname@example.org
Associate Administrator for Procurement
PIC 01-18 Enclosure
TO: [insert contractor name and address]
FROM: Contracting Officer
SUBJECT: NASA Form (NF) 1018, NASA Property in the Custody of Contractors, Reporting Requirements for FY 2001
There are no new NF 1018 reporting requirements for September 30, 2001. However, process changes have been made to facilitate complete electronic submission of the NF 1018 and reduce paper copy submission. Contractors who submit the report using the NASA Form 1018 Electronic Submission System (NESS) are no longer required to submit a paper copy of the report. If you have not submitted your report electronically previously, we encourage you to do so, and have attached for your convenience a NESS Access Request Form, with instructions for its completion and submission.
Contractors who do not submit their NF 1018 using NESS shall send the original signed report to the cognizant NASA Center Deputy Chief Financial Officer, Finance, and submit one copy (through the Department of Defense (DOD) Property Administrator if contract administration has been delegated to DOD) to the following address: [Insert name and address of appropriate NASA Center office].
Supplemental information is required with the NF 1018 for the reporting period ending September 30, 2001. This information is necessary for Agency compliance with 31 U.S.C. 3512 and 31 U.S.C. 3515, and with Statements of Federal Financial Accounting Standards (SFFASs). These standards are considered generally accepted accounting principles and as such are required for agency financial statements. NASA's implementation of these standards is closely scrutinized by its independent auditors.
For the NF 1018 report as of September 30, 2001, contractors shall provide supplemental information in accordance with the enclosed schedule. Contractors shall continue to include the value of assets not in use, i.e., those in the Plant Clearance Process, and heritage assets in their custody in the ending balances shown on the NF 1018, and report their values in the supplemental schedule "Depreciation and Assets Not in Use Data for NF 1018 Reporting." Heritage assets shall also be individually described in block 21, Comments. The description shall include the title of the item, its value and brief comments on why it is considered a heritage asset. Where heritage assets are reported which were not identified on a previous NF 1018, the cognizant NASA Center Financial Management Office will contact the contractor to discuss the item. If the Center concludes that the item is not a heritage asset, it will instruct the contractor not to so identify the item in future NF 1018 reports.
Heritage assets are property, plant and equipment that possess one or more of the following characteristics: historical or natural significance; cultural, educational or aesthetic value; or significant architectural characteristics. Examples of NASA heritage assets include buildings and structures designated as National Historic Landmarks as well as air, spacecraft and related components on display to enhance public understanding of NASA programs.
Heritage assets used to serve both a heritage and government operations function are considered multi-use if the predominant use is in general government operations. Multi-use heritage assets are considered general property, plant and equipment; they remain on NASA's balance sheet and are depreciated. Contractors should not, therefore, report multi-use heritage assets on the supplemental schedule.
Additional guidance on NF 1018 reporting (including a link to the NESS) can be found at: http://ifmp.nasa.gov/codeb/library/contractor_info.htm. Questions regarding reporting requirements should be directed to the Deputy Chief Financial Officer (Finance) of the cognizant NASA Center.
Attachment 1 - NF 1018 Supplemental Data Form
Attachment 2 - FSC Table
Attachment 3 -NESS Access Request and Instructions