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the US gov. funds NASA. find the enumerated power that permits the gov. to do so.

2006-10-10 11:57:12 · 3 answers · asked by Anonymous in Education & Reference Homework Help

what power gives the US permission to financially support programs like NASA?

2006-10-10 12:00:59 · update #1

3 answers

The NASA WCF is an account in which all income is derived from its operations and is
available to finance the fund’s continuing operations without fiscal year limitation. The WCF
is a revolving fund financial management structure used to promote total cost visibility
and full cost recovery of support services. The NASA WCF operates like a commercial
business. It provides goods and services in exchange for a price/rate.

To be considered as a candidate for the NASA WCF, an entity must:

Possess the capability to produce goods or services that support an Agency-wide need on
a recurring and relatively predictable basis.

Provide quality goods and/or services that will result in improved customer satisfaction
and/or decreased costs to the federal government.

Receive its demand for goods and/or services from multiple customers within NASA and/or
other federal government entities.

Not be dependent upon a single customer for its existence.

Use “Full Cost” methodology to identify costs of goods and services.

Possess the capability to charge prices or rates that approximate the full costs of the
provided goods and services.

Other appropriations are authorized from Congress to use a specified amount of funds for a
specific purpose for a specific time period. Working capital funds are primarily
resourced from funds provided from customer appropriations to a working capital fund
business entity in exchange for goods/services provided. Working capital funds, unlike
most appropriations, do not have a fiscal year limitation which allows for more
efficient management of operations. Additionally, working capital funds are available for a
more general purpose – to continue operations of the working capital fund business entity.

Working capital fund business entities and reimbursable activities are similar but there are
some fundamental differences. While there can be many permutations of the differences,
these are the more general:

A reimbursable activity operates as a primary activity within an appropriated fund entity.
That is, the primary function of the entity within which the reimbursable activity resides is to
perform a function other than the reimbursable activity. The primary (and only) function of a
working capital fund business entity is to provide a good/service in exchange for a set
price/rate. A working capital fund business entity usually does not receive any other
funding other than the fee it charges for the good/service it provides.

A reimbursable activity charges the cost it incurred to perform the service. The cost,
as a rule, is not known until the service is completed. This does not provide the
reimbursable activity with an incentive to control costs nor does it provide the customer
with assurance as to its liability for future payment.

A working capital fund business entity charges the customer a price/rate that is set
before the good is provided or the service is performed. The price/rate does not change
until the next rate setting cycle.

For more info go to: new.heritage.org/Research/Budget/bg951.cfm

2006-10-10 12:21:12 · answer #1 · answered by swomedicineman 4 · 0 0

the US economy and its people ?

2006-10-10 11:58:53 · answer #2 · answered by Anonymous · 1 0

pay up if you dont no!

2006-10-10 11:59:19 · answer #3 · answered by Anonymous · 0 0

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