NASA Procedural Requirements

NPR 9260.1A Effective Date: February 09, 2015 Expiration Date: February 09, 2029

Subject: Liabilities (Revalidated with Change 2 April 19, 2023)

Responsible Office: Office of the Chief Financial Officer

Preface

P.1 Purpose

This National Aeronautics and Space Administration (NASA) Procedural Requirements (NPR) document provides the financial management requirements for handling the accounting for NASA financial Liabilities.

P.2 Applicability

a. This NPR is applicable to NASA Headquarters and NASA Centers, including Component Facilities and Technical and Service Support Centers. This language applies to contractors, grant recipients or parties to agreements only to the extent specified or referenced in the appropriate contracts, grants, or agreements.

b. In this directive, all mandatory actions (i.e., requirements) are denoted by statements containing the term "shall." The terms: "may" or "can" denote discretionary privilege or permission, "should" denotes a good practice and is recommended, but not required, "will" denotes expected outcome, and "are/is" denotes descriptive material.

c. In this directive, all document citations are assumed to be to the latest version unless otherwise noted.

P.3 Authority

a. Authority and Functions of Agency Chief Financial Officers (CFO), 31 United States Code (U.S.C.) § 902.

b. National Aeronautics and Space Act, 51 U.S.C. § 20113.

c. NASA Policy Directive (NPD) 9010.2, Financial Management.

P.4 Applicable Documents and Forms

a. Deductions, Contributions, and Deposits, 5 U.S.C. § 8334.

b. Government Contributions, 5 U.S.C. § 8423.

c. Federal Employee Compensation Account, 5 U.S.C. § 8509.

d. Government Contributions, 5 U.S.C. § 8708.

e. Contributions, 5 U.S.C. § 8906.

f. Limitations on Expending and Obligating Amounts, 31 U.S.C. § 1341.

g. Prompt Payment, 31 U.S.C. Ch. 39.

h. Procedure for Appropriation Accounts Available for Definite Periods, 31 U.S.C. § 1552.

i. Office of Management and Budget (OMB) Circular No. A-11, Preparation, Submission, and Execution of the Budget.

j. OMB Circular No. A-136, Financial Reporting Requirements.

k. NPR 9620.1, Payroll

l. NPR 9250.1, Property, Plant, and Equipment and Operating Materials and Supplies.

m. NPR 9630.1, Accounts Payable and Disbursements.

n. Statement of Federal Financial Accounting Standard (SFFAS), No. 1 Accounting for Selected Assets and Liabilities, as amended.

o. SFFAS No. 5, Accounting for Liabilities of the Federal Government, as amended.

p. SFFAS No. 6, Accounting for Property, Plant, and Equipment, as amended.

q. SFFAS No. 12, Recognition of Contingent Liabilities Arising from Litigation.

r. SFFAS No. 39, Subsequent Events: Codification of Accounting and Financial Reporting Standards Contained in the AICPA Statements on Auditing Standards.

s. Treasury Financial Manual (TFM), Volume I, Part 2, Chapter 4200, Agency Reporting on Unexpended Balances of Appropriations and Funds.

P.5 Measurement/Verification

Periodic quality assurance reviews and analysis of financial and budgetary reports and data submitted through the Continuous Monitoring Program will be used to measure compliance with this NPR.

P.6 Cancellation

NPR 9260.1, Liabilities, dated February 09, 2015.

DISTRIBUTION:
NODIS

This document does not bind the public, except as authorized by law or as incorporated into a contract. This document is uncontrolled when printed. Check the NASA Online Directives Information System (NODIS) Library to verify that this is the correct version before use: https://nodis3.gsfc.nasa.gov.