mission

License and regulate the Nation’s civilian use of byproduct, source, 

and special nuclear materials to ensure adequate protection 

of public health and safety, promote the common defense 

and security, and protect the environment.

Paperwork Reduction Act Statement

This NUREG references information collections that are subject to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501 et seq.). These information collections were approved by the Office of Management and Budget, 

approval numbers 3150-0014, 3150-0130, and 3150-0195.

Public Protection Notification

The NRC may not conduct or sponsor, and a person is not required to respond to, a requires for information or an 

information collection requirement unless the requesting document displays a currently valid OMB control number.
 ⎟ i

Table of contents

a message from the chairman. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

Introduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

About the NRC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

The Nuclear Industry. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Program Performance overview. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Inspector General’s Assessment of the most serious management and 

performance challenges facing NRC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

A Message From The Chief Financial Officer. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

Financial Performance Overview. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

FINANCIAL STATEMENT HIGHLIGHTS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

Management Assurances, Systems Controls, and Legal Compliance. . . . . . . . 21

Inspector General’s Transmittal Letter. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25

Independent Auditors’ Report on the Condensed Financial Statements. . 26

Condensed Financial Statements. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27

Availability of Reference Materials in NRC Publications. . . . . . . . . . . . . . . . . . . . 29

Bibliographic Data Sheet. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31

This report is a summary of the U.S. Nuclear Regulatory Commission’s (NRC’s) Fiscal Year (FY) 2012 Performance 

and Accountability Report (PAR), published on November 16, 2012. This report is in an easy-to-read format and is 

available on the NRC Web site at http://www.nrc.gov. In addition, a video message from the Chairman and a full 

copy of the PAR are available on the DVD located on the back inside cover.
ii 

The U.S. Nuclear Regulatory Commission (NRC) Headquarters

The U.S. Nuclear Regulatory Commission (NRC) Regions
 1

http://www.nrc.gov

A Message From The Chairman

I am pleased to present the U.S. Nuclear Regulatory Commission’s (NRC’s) Summary of 

Performance and Financial Information for Fiscal Year (FY) 2012. This report highlights 

the NRC’s success in achieving our mission to ensure the safe use of radioactive materials for 

beneficial civilian purposes while protecting people and the environment. The report also 

provides key financial and performance information to Congress and the American people of 

how we used our resources during FY 2012. The report is available at http://www.nrc.gov/

reading-rm/doc-collections/nuregs/staff/sr1542/v18/. 

The NRC is an independent regulatory agency devoted to the effective and efficient oversight 

of the Nation’s 104 nuclear reactors. The agency also reviews all safety aspects of new reactor 

designs, environmental siting, combined license applications, and provides oversight for the two nuclear power plants 

currently under construction. Further, the agency focuses on the safe and secure use of nuclear materials in the energy, 

medical, and industrial sectors through effective oversight of fuel facilities, uranium recovery sites, decommissioning sites, 

and nuclear material user licensees. In FY 2012, the NRC met all of its strategic goals and performance measure targets.

The NRC continues its work in response to the Fukushima Dai-ichi accident in Japan to ensure that appropriate safety 

enhancements are implemented at nuclear power plants in the U.S. In FY 2012, the NRC issued the first regulatory 

requirements for the Nation’s 104 operating reactors based on the lessons learned at Fukushima Dai-ichi. These requirements 

set stronger standards for coping with extreme natural events. The NRC also identified additional safety improvements 

that are part of a longer-term effort to enhance safety, which are expected to be completed in the next four years.

The NRC is committed to good governance and the prudent management of resources entrusted to it by the American 

people. The agency will continue to evaluate, test, and strengthen its internal controls, including those related to 

financial reporting and financial management systems, as required by the Federal Managers’ Financial Integrity Act of 

1982 (FMFIA). Based on the FMFIA assessments, I have concluded that there is reasonable assurance that the agency 

is in substantial compliance with FMFIA, and the financial and performance data published in this report are complete, 

accurate, reliable, and timely, in accordance with the Reports Consolidation Act of 2000 and Office of Management and 

Budget Circular A-136 requirements. Additionally, I have determined that the agency is in substantial compliance with 

the Federal Financial Management Improvement Act of 1996 (FFMIA), based on the NRC’s application of the FFMIA risk 

model. 

I am proud of the performance of NRC employees in achieving the agency’s Safety and Security goals, and I look forward 

to continuing the high-quality service the American people have come to expect from us. 

Allison M. Macfarlane

Chairman

February 8, 2013
2 

Introduction

The U.S. Nuclear Regulatory Commission (NRC) 

Summary of Performance and Financial Information 

presents an overview of the agency’s program performance 

and financial management performance during 

fiscal year (FY) 2012, which covers the period from 

October 1, 2011, to September 30, 2012. This summary 

report provides an opportunity for the American public 

to assess how effectively the NRC uses its funds to 

achieve results. 

When preparing this report, the NRC staff followed 

the guidance of the Office of Management and 

Budget (OMB) Circular A-136, “Financial Reporting 

Requirements.” The summarized financial statement data 

are based on the same underlying data as the financial 

statements presented in the FY 2012 Performance and 

Accountability Report (PAR).

About the NRC

The U.S. Congress established the NRC on 

January 19, 1975, as an independent Federal agency 

regulating the commercial and institutional uses of nuclear 

materials. The Atomic Energy Act of 1954, as amended, and 

the Energy Reorganization Act of 1974, as amended, define 

the NRC’s purpose. These acts provide the foundation 

for the NRC’s mission to regulate the Nation’s civilian 

use of byproduct, source, and special nuclear materials to 

ensure adequate protection of public health and safety, 

to promote the common defense and security, and to 

protect the environment. The agency regulates civilian 

nuclear power plants and other nuclear facilities, as well as 

other uses of nuclear materials. These other uses include 

nuclear medicine programs at hospitals; academic activities 

at educational institutions; research work; industrial 

applications, such as gauges and testing equipment; and 

the transport, storage, and disposal of nuclear materials 

and wastes.

The NRC is headed by a Commission composed of five 

members, with one member designated by the President 

to serve as Chairman. With the advice and consent of the 

U.S. Senate, the President appoints each member to serve 

a five-year term. The Chairman is the principal executive 

officer and official spokesperson for the Commission. The 

Executive Director for Operations carries out program 

policies and decisions made by the Commission.

The NRC’s headquarters is located in Rockville, MD. 

The NRC has an Operations Center in the headquarters 

building that coordinates communications with its 

licensees, State agencies, and other Federal agencies. This 

center is the focal point for assessing and responding to 

operating events in the industry. NRC operations 

officers man the Operations Center 24 hours a day, seven 

days a week.

The agency also has four regional offices located in King 

of Prussia, PA; Atlanta, GA; Lisle, IL; and Arlington, 

TX. The regional offices allow the agency to work closely 

with the agency’s licensees to ensure safety. The NRC 

also employs at least two resident inspectors at each of the 

Nation’s nuclear power reactor sites.

The NRC’s budget for FY 2012 was $1,038 million, with 

3,901 full-time equivalent staff. The NRC is primarily 

supported by fees collected from its licensees. The agency 

collected $894 million of its budget from licensees, 

with the remaining $144 million provided by the 

U.S. Department of the Treasury (Treasury).
 3

http://www.nrc.gov

Figure 1

The Nuclear Fuel Cycle

The Nuclear Industry

The NRC is responsible for regulating all aspects of 

the civilian nuclear industry. The industry can best 

be described by examining the nuclear fuel cycle 

(Figure 1). The nuclear fuel cycle begins with the mining 

and production of nuclear fuel or the use of nuclear 

materials for medical, industrial, and other applications, 

continues with the use of nuclear fuel to power the 

Nation’s 104 nuclear power plants, and ends with the safe 

transportation and storage of spent nuclear fuel and other 

nuclear waste. The NRC’s regulatory programs ensure 

that radioactive materials are used safely and securely at 

every stage in the nuclear material cycle. To address safety 

and security issues, the NRC has developed regulatory 

practices, knowledge, and expertise specific to each activity 

in the nuclear material cycle.

The Nuclear Fuel Cycle

Enriched

Uranium

Natural

Uranium

Enrichment

Conversion

Milling

Disposal

Uranium Recovery

In Situ

Reactor

Pool Dry Cask

Spent

MOX

Fresh

MOX MOX

UO2

Spent

UO2

Fresh

UO2

Storage

Mining

Reprocessing

Facility

Fuel

Fabrication

Heap

Leach

Depleted

Uranium

Reprocessed

Uranium Deconversion of Depleted Uranium Uranium-Plutonium

Mixtur

e
4 

Fuel Facilities

The production of nuclear fuel begins at uranium mines 

where milled uranium ore is used to produce a uranium 

concentrate called “yellow cake.” At a special facility, 

the yellow cake is converted into uranium hexafluoride 

gas and loaded into cylinders. The cylinders are sent to 

a gaseous diffusion plant, where uranium is enriched for 

use as reactor fuel. The enriched fuel pellets (each about 

the size of a fingertip) are loaded into metal fuel rods 

about 3.5 meters long, and bundled into reactor fuel 

assemblies at a fuel fabrication facility. Assemblies are then 

transported to nuclear power plants, non-power research 

reactor facilities, and naval propulsion reactors for use as 

fuel. The NRC licenses eight major fuel fabrication and 

production facilities and three enrichment facilities in the 

United States. Because they handle extremely hazardous 

material, these facilities take special precautions to prevent 

theft, diversion by terrorists, and dangerous exposures to 

workers and the public from this nuclear material.

Reactors

Power plants change one form of energy into another. 

Electrical generating plants convert heat energy, the 

kinetic energy of wind or falling water, or solar energy, 

into electricity. A nuclear power plant converts heat 

energy into electricity. Other types of heat-conversion 

plants burn coal, oil, or gas to produce heat energy that is 

then used to produce electricity. Nuclear energy cannot 

be seen. There is no burning of fuel in the usual sense. 

Rather, energy is given off by the nuclear fuel as certain 

types of atoms split in a process called nuclear fission. This 

energy is in the form of fast-moving particles and invisible 

radiation. As the particles and radiation move through 

the fuel and surrounding water, the energy is converted 

into heat. The radiation energy can be hazardous, and 

facilities take special precautions to protect people and the 

environment from these hazards. 

Because the fission reaction produces potentially hazardous 

radioactive materials, nuclear power plants are equipped 

with safety systems to protect workers, the public, and 

the environment. Radioactive materials require careful 

use because they produce radiation, a form of energy that 

can damage human cells. Depending on the amount and 

duration of the exposure, radiation can potentially cause 

cancer. In a nuclear reactor, most hazardous radioactive 

substances, called fission byproducts, are trapped in 

the fuel pellets or in the sealed metal tubes holding the 

fuel. However, small amounts of these radioactive fission 

byproducts, principally gases, become mixed with the 

water passing through the reactor. Other impurities in 

the water also become radioactive as they pass through 

the reactor. The facility processes and filters the water to 

remove these radioactive impurities and then returns the 

water to the reactor cooling system. 

Materials Users

The medical, academic, and industrial fields all use 

nuclear materials. For example, about one-third of all 

patients admitted to U.S. hospitals are diagnosed or 

treated using radioisotopes. Most major hospitals have 

specific departments dedicated to nuclear medicine. In 

all, about 112 million nuclear medicine or radiation 

therapy procedures are performed annually, with the vast 

majority used in diagnoses. Radioactive materials used as 

a diagnostic tool can identify the status of a disease and 

minimize the need for surgery. Radioisotopes give doctors 

the ability to look inside the body and observe soft tissues 

and organs, in a manner similar to the way X-rays provide 

images of bones. Radioisotopes carried in the blood 

also allow doctors to detect clogged arteries or check the 

functioning of the circulatory system. 

The same property that makes radiation hazardous 

can also make it useful in treating certain diseases like 

cancer. When living tissue is exposed to high levels of 
http://www.nrc.gov

radiation, cells can be destroyed or damaged. Doctors can 

selectively expose cancerous cells (cells that are dividing 

uncontrollably) to radiation to either destroy or damage 

these cells.

Waste Disposal

During normal operations, a nuclear power plant generates 

both high-level radioactive waste, which consists of used 

fuel (usually called spent fuel), and low-level radioactive 

waste, which includes contaminated equipment, filters, 

maintenance materials, and resins used in purifying water 

for the reactor cooling system. Other users of radioactive 

materials also generate low-level waste.

Nuclear power plants handle each type of radioactive 

waste differently. They must use special procedures in the 

handling of the spent fuel because it contains the highly 

radioactive fission byproducts created while the reactor was 

operating. Typically, the spent fuel from nuclear power 

plants is stored in water-filled pools at each reactor site or 

at a storage facility. The water in the spent fuel storage 

pool provides cooling and adequately shields and protects 

workers from the radiation. Nuclear power plants have 

also begun using dry casks to store spent fuel. These heavy 

metal or concrete casks rest on concrete pads adjacent to 

the reactor facility. The thick layers of concrete and steel 

in these casks provide additional shielding for workers and 

the public from radiation. 

Program Performance 

Overview

The NRC’s Strategic Plan describes the agency’s mission, 

goals, and strategies. The Strategic Plan can be found on 

the NRC Web site at http://www.nrc.gov/reading-rm/

doc-collections/nuregs/staff/sr1614/v5/index.html. The 

agency’s two strategic goals are focused on Safety and 

Security. The Safety goal is to “Ensure adequate protection 

of public health and safety and the environment.” The 

Security goal is to “Ensure adequate protection in the 

secure use and management of radioactive materials.”

Safety

Safety is the primary goal of the NRC. The agency 

achieves this goal by ensuring that the performance of 

licensees is at or above acceptable safety levels. NRC 

safety programs work in conjunction with its licensees in a 

partnership. NRC licensees are responsible for designing, 

constructing, and operating nuclear facilities safely. 

The NRC is responsible for regulatory oversight of the 

licensees. The agency Safety goal activities are designed to 

achieve the following strategic outcomes:

Protecting People and the Environment ⎟ http://www.nrc.gov ⎟ 5

ACTIVITIES

Fuel Facilities

Nuclear Materials Users

Decommissioning and

Low-Level Waste

Spent Fuel Storage and

Transportation

New Reactors

Operating Reactors

MAJOR PROGRAMS

Nuclear Reactor Safety Nuclear Materials and

Waste Safety

Safety Security

STRATEGIC GOALS

STRATEGIC GOAL 1: SAFETY

Ensure Adequate Protection of Public

Health and Safety and the Environment
6 

Strategic Outcomes

n Prevent the occurrence of nuclear reactor accidents.

n Prevent the occurrence of inadvertent criticality events.

n Prevent the occurrence of acute radiation exposures 

resulting in fatalities.

n Prevent the occurrence of releases of radioactive 

materials that result in significant radiation exposures.

n Prevent the occurrence of releases of radioactive 

materials that cause significant adverse environmental 

impacts. 

These strategic outcomes specify the conditions under 

which the Safety goal can be considered to have been met.

Safety Goal Strategies

The agency used the following safety strategies from its 

Strategic Plan to guide its activities and to achieve its 

Safety goal in FY 2012: 

1. Develop, maintain, implement, and improve 

licensing and regulatory programs for existing 

and new reactors, fuel cycle facilities, materials 

users, transportation and management of spent 

fuel, uranium recovery, waste disposal, and 

decommissioning activities to ensure the adequate 

protection of public health and safety.

2. Oversee the safe and secure operation of existing 

facilities and uses of nuclear material.

3. Oversee the construction of new power reactors.

4. Conduct NRC safety and security programs and 

emergency preparedness in an integrated manner.

5. Implement focused research programs to anticipate 

and support resolution of safety issues and address 

new technologies.

6. Use sound science and state-of-the-art methods 

to establish, where appropriate, risk-informed and 

performance-based regulations.

7. Promote awareness of the importance of a strong 

safety culture and individual accountability of those 

engaged in regulated activities.

8. Use domestic and international operating experience 

to inform decisionmaking.

9. Oversee licensee safety performance through 

inspections, investigations, enforcement, and 

performance assessment activities.

10. Respond to events at NRC -licensed facilities and 

other events of national and international interest, 

including maintaining and enhancing the NRC’s 

emergency incident response and communication 

capabilities.

11. Respond to future national policy decisions regarding 

high-level nuclear waste and spent nuclear fuel 

management strategies recommended or adopted as 

the Nation’s policy, and assess issues associated with 

long-term storage of spent fuel and high-level waste.

FY 2012 Results

In FY 2012, the NRC achieved all five of its Safety goal 

strategic outcomes. The NRC also uses six performance 

measures to determine whether it has met its Safety goal. 

The agency met all six performance measure targets in 

FY 2012 (see Table 1). 

The first three performance measures focus on performance 

at individual nuclear power plants. Inspection results 

show that all of the nuclear power plants are operating 

safely. The fourth measure tracks the trends of several key 

indicators of nuclear power plant safety. This measure is 

the broadest measure of the safety of nuclear power plants, 

incorporating the performance results from all plants to 

determine industry average results. This measure shows 

that there were no statistically significant adverse trends in 

any of the indicators in FY 2012.

The last two safety performance measures track harmful 

radiation exposures to the public and occupational workers 

and radiation exposures that harm the environment. 

Neither of these two measures exceeded their targets in 

FY 2012.

The cost of achieving the agency’s Safety goal in FY 2012 

was $975.8 million.
 7

http://www.nrc.gov

Table 1 

FY 2012 Safety Goal Performance Measures

1. Number of new conditions evaluated as red by the NRC’s Reactor Oversight Process1

FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012

Target: ≤3 ≤3 ≤3 ≤3 ≤3 ≤3

Actual: 0 0 0 0  1  1

1

This measure is the number of new red inspection findings during the fiscal year plus the number of new 

red performance indicators during the fiscal year. Programmatic issues at multiunit sites that result in 

red findings for each individual unit are considered separate conditions for purposes of reporting for this 

measure. A red performance indicator and a red inspection finding that are due to an issue with the 

same underlying causes are also considered separate conditions for purposes of reporting for this measure. 

Red inspection findings are included in the fiscal year in which the final significance determination 

was made. Red performance indicators are included in the fiscal year in which the Reactor Oversight 

Process (ROP) external Web page was updated to show the red indicator. For more information, go to 

http://www.nrc.gov/NRR/OVERSIGHT/ASSESS/index.html.

2. Number of significant Accident Sequence Precursors of a nuclear reactor accident2

FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012

Target: 0 0 0 0 0 0

Actual: 0 0 0 0  0  0  

2

Significant Accident Sequence Precursor (ASP) events have a conditional core damage probability (CCDP) 

or ∆CDP of > 1x 10-3. Such events have a 1/1000 (10-3) or greater probability of leading to a reactor accident involving core damage. An identical condition affecting more than one plant is counted as a single 

ASP event if a single accident initiator would have resulted in a single reactor accident. 

3. Number of operating reactors with integrated performance that entered the multiple/repetitive 

degraded cornerstone column, or the unacceptable performance column of the Reactor Oversight 

Process Action Matrix, or the Inspection Manual Chapter 0350 process, with no performance 

leading to the initiation of an Accident Review Group3

FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012

Target: ≤4 ≤4 ≤3 ≤3 ≤3 ≤3

Actual: 1 0 0 0  2  1

3

This measure is the number of plants that have entered the Inspection Manual Chapter 0350 process, 

the multiple/repetitive degraded cornerstone column, or the unacceptable performance column of the 

Reactor Oversight Process Action Matrix during the fiscal year (i.e., were not in these columns or process 

the previous fiscal year). Data for this measure are obtained from the NRC external Web Action Matrix 

Summary page, which provides a matrix of the five columns with the plants listed within their applicable 

column and notes the plants in the Inspection Manual Chapter 0350 process. For reporting purposes, plants 

that are the subject of an approved deviation from the Action Matrix are included in the column or process 

in which they appear on the Web page. The target value is set based on the expected addition of several 

indicators and a change in the long-term trending methodology (which will no longer be influenced by the 

earlier data and will be more sensitive to changes in current performance).
8 

Table 1

FY 2012 Safety Goal Performance Measures (continued)

4. Number of significant adverse trends in industry safety performance4

FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012

Target: ≤1 ≤1 ≤1 ≤1 ≤1 ≤1

Actual: 0 0 0 0  0  0

4

Considering all indicators qualified for use in reporting. 

 For more information, go to http://pbadupws.nrc.gov/docs/ML1206/ML12065A340.pdf.

5. Number of events with radiation exposures to the public and occupational workers that exceed 

Abnormal Occurrence Criterion I.A.35

FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012

Reactor Target: 0 0 0 0 0 0

Actual: 0 0 0 0  0   0

Material 

Target: ≤3 ≤2 ≤2 ≤2 ≤2 ≤2

Actual: 0 0 0 0  0   0

Waste Target: 0 0 0 0 0 0

Actual: 0 0 0 0  0  0

5

Releases for which a 30-day report requirement under Title 10 of the Code of Federal Regulations (10 CFR) 

 20.2203(a)(3) is required. The latest Abnormal Occurrence Report to Congress can be viewed at 

http://www.nrc.gov/reading-rm/doc-collections/nuregs/staff/sr0090/v34/.

6. Number of radiological releases to the environment that exceed applicable regulatory limits5

FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012

Reactor 

Target:6 ≤3 0 0 0 0 0

Actual: 0 0 0 0  0   0

Material 

Target: ≤2 ≤2 ≤2 ≤2 ≤2 ≤2

Actual: 0 0 0 0  0  0 

Waste Target: 0 0 0 0 0 0

Actual: 0 0 0 0  0  0

6 With no event exceeding Abnormal Occurrence (AO) Criterion 1.B.1.
 9

http://www.nrc.gov

Fukushima Regulatory Review

After the accident at Fukushima Dai-ichi, the Commission 

directed NRC staff to conduct a systematic and methodical 

review of NRC processes and regulations to determine 

whether the agency should make additional improvements 

to its regulatory system and to provide recommendations 

to the Commission for its policy direction. The NRC’s 

Near-Term Task Force developed recommendations related 

to lessons learned from the Fukushima Dai-ichi event. 

Based on this report, NRC staff prioritized the report’s 

recommendations and provided this prioritization for 

Commission approval. A more complete discussion of 

the review and the subsequent actions that the NRC took 

can be found in Chapter 2’s Nuclear Safety Section, of the 

NRC’s FY 2012 Performance and Accountability Report. 

Additional information can be found on the agency 

Web site at http://www.nrc.gov/reactors/operating/opsexperience/japan-info.html

The NRC must remain vigilant in ensuring the security 

of nuclear facilities and materials in an elevated threat 

environment. The agency achieves its common defense 

and Security goal using licensing and oversight programs 

similar to those employed in achieving its Safety goal.

Strategic Outcomes

n Prevent instances where licensed radioactive materials 

are used domestically in a manner hostile to the 

security of the United States.

n Prevent unauthorized public disclosures of classified or 

Safeguards Information through quality measures.

These strategic outcomes specify the conditions under 

which the Security goal can be considered to have been met. 

Security Goal Strategies

The agency used the following security strategies from its 

Strategic Plan to guide its activities and achieve its Security 

goal in FY 2012:

1. Conduct oversight of licensee security performance. 

2. Use relevant intelligence information and security 

assessments to maintain realistic and effective security 

requirements and mitigation measures.

3. Share security information with appropriate 

stakeholders and international partners.

4. Control the handling and storage of sensitive security 

information and the communication of information 

to licensees and Federal, State, local, and Tribal 

governments.

5. Support Federal response plans that employ an 

approach to the security of nuclear facilities and 

radioactive material that integrates the efforts 

of licensees and Federal, State, local, and Tribal 

governments.

6. Use risk-informed approaches to inform regulatory 

controls for security.

7. Maintain the programs for controlling the security 

of radioactive sources and strategic special nuclear 

material commensurate with their risk, including 

actions required by the Energy Policy Act of 2005.

8. Promote U.S. national security interests and nuclear 

nonproliferation policy objectives for NRC-licensed 

imports and exports of byproduct, source, and special 

nuclear materials and nuclear equipment.

9. Manage the risk to information and systems to ensure 

the integrity of cyber security at regulated facilities.

10. Prevent instances of significant unauthorized public 

disclosures of classified or Safeguards Information. 

FY 2012 Results

In FY 2012, the NRC achieved its Security goal 

strategic outcomes. The NRC also uses five Security 

goal performance measures to determine whether the 

agency has met its Security goal. The agency met all five 

performance measure targets in FY 2012 (see Table 2).

STRATEGIC GOAL 2: SECURITY

Ensure Adequate Protection in the Secure

Use and Management of Radioactive Materials
10 

The first performance measure tracks unrecovered losses or 

thefts of risk-significant radioactive sources. The measure 

ensures that those radioactive sources that the agency 

has determined to be risk-significant to the public health 

and safety are accounted for at all times. The ability to 

account for these sources is critical to secure the Nation 

from “dirty bomb” attacks or other means of radiation 

dispersal. The second, third, and fourth performance 

measures evaluate the number of significant security events 

and incidents that occur at NRC-licensed facilities. These 

measures determine whether nuclear facilities maintain 

adequate protective forces to prevent theft or diversion of 

nuclear material or sabotage; whether systems in place at 

licensee plants accurately account for the type and amount 

of materials processed, used, or stored; and whether the 

facilities account for special nuclear material at all times 

with no losses of this material. There were no events that 

met the conditions for these measures in FY 2012.

The last security measure tracks significant unauthorized 

disclosures of classified and Safeguards Information 

(SGI) that may cause damage to national security or 

public safety. This measure focuses on whether classified 

information or SGI is stored and used in such a way as to 

prevent its disclosure to the public, terrorist organizations, 

other nations, or personnel without a need to know. 

Unauthorized disclosures can harm national security or 

compromise public health and safety. The measure also 

focuses on whether controls are in place to maintain 

and secure the various devices and systems (electronic 

or paper-based) that the agency and its licensees use to 

store, transmit, and use this information. There were no 

documented disclosures of this type of information during 

FY 2012.

The cost of achieving the agency’s Security goal was 

$76.3 million in FY 2012.

Table 2

FY 2012 Security Goal Performance Measures

1. Number of unrecovered losses or thefts of risk-significant7 radioactive sources

FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012

Target: 0 0 0 0 0 0

Actual: 0 0 0 0  18  0

7 “Risk-significant” is defined as any unrecovered lost or abandoned sources that exceed the values listed in 

“Appendix P of 10 CFR Part 110–Category 1 and 2 Radioactive Material.” Excluded from reporting under 

this criterion are those events involving sources that are lost or abandoned under the following conditions: 

(1) sources abandoned in accordance with the requirements of 10 CFR 39.77(c); (2) recovered sources with 

sufficient indication that doses in excess of the reporting thresholds specified in AO Criterion I.A.1 and I.A.2 

did not occur during the time the source was missing; (3) unrecoverable sources lost under such conditions 

that doses in excess of the reporting thresholds specified in AO Criterion I.A.1 and I.A.2 were not known 

to have occurred; (4) other sources that are lost or abandoned and declared unrecoverable; (5) for which 

the agency has made a determination that the risk-significance of the source is low based upon the location 

(e.g., water depth) or physical characteristics (e.g., half life, housing) of the source and its surroundings; 

(6) where all reasonable efforts have been made to recover the source; and (7) it has been determined that 

the source is not recoverable and will not be considered a realistic safety or security risk under this measure. 

(This includes licensees under the Agreement States.)

8

There were no losses and one theft of radioactive nuclear material that the NRC considered to be 

risk-significant during FY 2011. 
 11

http://www.nrc.gov

Table 2 

FY 2012 Security Goal Performance Measures (continued)

2. Number of substantiated9 cases of theft or diversion of licensed, risk-significant radioactive sources 

or formula quantities10 of special nuclear material; or attacks that result in radiological sabotage11

FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012

Target: 0 0 0 0 0 0

Actual: 0 0 0 0  0  0

9

“Substantiated” means a situation in which any indication of loss, theft, or unlawful diversion cannot be 

refuted following an investigation and requires further action on the part of the agency or other proper 

authorities.

10A formula quantity of special nuclear material is defined in 10 CFR 70.4.

11“Radiological sabotage” is defined in 10 CFR 73.2.

3. Number of substantiated losses of formula quantities of special nuclear material or substantiated 

inventory discrepancies of a formula quantity of special nuclear material that are judged to be 

caused by theft, diversion, or by substantial breakdown of the accountability system

FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012

Target: 0 0 0 0 0 0

Actual: 0 0 0 0  0  0

4. Number of substantial breakdowns12 of physical security or material control (i.e., access control 

containment or accountability systems) that significantly weakened the protection against theft, 

diversion, or sabotage

FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012

Target: ≤1 ≤1 ≤1 ≤1 ≤1 ≤1

Actual: 0 0 0 0  0  0

12A “substantial breakdown” is defined as a red finding in the security cornerstone of the Reactor Oversight 

Process, or any plant or facility determined to either have overall unacceptable performance, or be in a 

shutdown condition (inimical to the effective functioning of the Nation’s critical infrastructure) as a result of 

significant performance problems and/or operational events.

5. Number of significant unauthorized disclosures13 of classified and/or Safeguards Information

FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012

Target: 0 0 0 0 0 0

Actual: 0 0 0 0  0  0

13“Significant unauthorized disclosure” is defined as a disclosure that harms national security or public 

health and safety.
12 

Future Challenges

Licensing a New Generation of Nuclear 

Power Plants

With increased concerns about the continued availability 

and cost of oil as well as concerns over the environmental 

damage caused by coal-burning electrical plants, the 

amount of electricity supplied by nuclear power is 

likely to increase substantially in the future. The NRC 

last issued a nuclear power plant construction permit 

in 1977. To date, the agency has received a total of 

18 Combined License (COL) applications for sites across 

the country. The agency’s primary challenge is to license 

new reactors to ensure that they will operate safely as they 

provide electricity required by the Nation for economic 

growth. Some of the proposed new reactors may include 

small modular reactors. In any case, before licensing 

any new nuclear reactor, the agency requires a detailed 

analysis of new reactor designs. This analysis includes 

a study of the reactor’s vulnerability to accidents and 

security compromises. It also includes the development 

of inspection procedures, tests, analyses, and acceptable 

criteria for construction. The agency is also evaluating 

commercial gas centrifuge facilities that use new methods 

of enriching nuclear fuel for reactors.

Safe Disposal of High-Level Waste

Current law specifies that high-level radioactive waste 

will be disposed of underground in a deep geologic 

repository. On January 29, 2010, President Obama 

directed the U.S. Secretary of Energy to establish the 

Blue Ribbon Commission (BRC) on America’s Nuclear 

Future to conduct a comprehensive review of policies 

for managing the back end of the nuclear fuel cycle 

and recommend a new strategy. The BRC provided its 

final recommendations to the Secretary of Energy on 

January 26, 2012. Several of the BRC recommendations 

are related to ongoing areas of NRC regulatory activities. 

The key areas in this effort are the nuclear fuel cycle, 

spent fuel storage and transportation, and high-level 

waste disposal. 

Security at Nuclear Facilities

The security of nuclear materials is of paramount 

importance to the Nation. Nuclear facilities are among 

the most secure facilities in the Nation. The NRC, in 

concert with other Federal agencies, constantly monitors 

intelligence to determine the level of threat faced by 

nuclear facilities. The agency continues to improve the 

regulatory requirements to better ensure the security of 

nuclear materials and facilities. The threat faced by the 

Nation from those seeking to steal classified information 

has become more urgent in recent years. Nuclear facilities 

have implemented increased security measures, including 

“force-on-force” training exercises, to help ensure 

protection of this vital national infrastructure.

The agency has also focused on security concerns related 

to radioactive sources typically employed by radiation 

medicine and other non-power applications of nuclear 

technology. The sheer number of radioactive sources – 

numbering in the thousands in the United States alone 

– creates challenges in securing these sources. Moreover, 

these sources are widely spread geographically and used for 

a broad range of purposes. The agency will continue 

to evaluate ways to enhance its ability to account for 

these sources. 
 13

http://www.nrc.gov

Inspector General’s Assessment of the Most 

Serious Management and Performance 

Challenges Facing NRC

Background

The Reports Consolidation Act of 2000 requires 

Federal agency Inspectors General (IG) to 

annually summarize what they consider to be 

the most serious management and performance 

challenges facing their agency and to assess the 

agency’s progress in addressing those challenges. 

Objective

In accordance with the act, the IG at the 

U.S. Nuclear Regulatory Commission (NRC) 

updated what he considers to be the most serious 

management and performance challenges facing 

NRC. The IG considered the overall work of the 

Office of the Inspector General (OIG), the OIG 

staff’s general knowledge of agency operations, 

and other relevant information to develop and 

update his list of management and performance 

challenges and assess the agency’s progress in 

addressing the challenges. In addition, OIG 

staff sought input from NRC’s Chairman, 

Commissioners, and management to obtain their 

views on what challenges the agency is facing and 

what efforts the agency has taken or are underway 

or planned to address previously identified 

management and performance challenges.

Results in Brief

The IG identified seven challenges that he 

considers the most serious management and 

performance challenges facing NRC. The 

challenges identify critical areas or difficult tasks 

that warrant high-level management attention. 

The following chart provides an overview of the 

seven most serious management and performance 

challenges facing NRC as of October 1, 2012.
14 

Inspector General’s Assessment of the Most 

Serious Management and Performance 

Challenges Facing NRC

Most Serious Management and Performance Challenges Facing the Nuclear Regulatory Commission 

as of October 1, 2012* (as identified by the Inspector General)

Challenge 1 Management of regulatory processes to meet a changing environment in the 

oversight of nuclear materials.

Challenge 2 Management of internal NRC security and oversight of licensee security programs.

Challenge 3 Management of regulatory processes to meet a changing environment in the 

oversight of nuclear facilities.

Challenge 4 Management of issues associated with the safe storage of high-level radioactive 

waste when there is no long-term disposal solution.

Challenge 5 Management of information technology.

Challenge 6 Administration of all aspects of financial management and procurement.

Challenge 7 Management of human capital.

*The most serious management and performance challenges are not ranked in any order of importance.

Conclusion

The seven challenges contained in this report 

are distinct, yet interdependent relative to the 

accomplishment of NRC’s mission. For example, 

the challenge of managing human capital 

affects all other management and performance 

challenges. 

The agency’s continued progress in taking actions 

to address the challenges presented should 

facilitate achieving the agency’s mission and goals.
 15

http://www.nrc.gov

A Message from the Chief Financial Officer

I am pleased to present the condensed financial statements for the U.S. Nuclear Regulatory 

Commission (NRC) Summary of Performance and Financial Information Fiscal Year (FY) 2012. 

For the ninth consecutive year, an independent auditor has rendered an unqualified opinion 

on the NRC financial statements. The auditor has also rendered an unqualified opinion on 

our internal controls, concluding that the NRC had no reportable conditions or significant 

deficiencies. 

In FY 2012, the NRC continued to implement our financial system modernization plan. At 

the beginning of the fiscal year, we installed a new Time and Labor System, which enhanced 

the user-friendliness of the system, as well as cost reporting and analytical capabilities for 

management of agency payroll, which represents approximately 60 percent of the agency’s budget. We also successfully 

re-hosted the core financial system to a private cloud environment, resulting in significant cost savings. The agency also 

enhanced its Budget Formulation and eTravel Systems to improve their capabilities and streamline agency processes. 

The NRC effectively used these capabilities to improve our financial internal controls and overall performance during 

FY 2012. The agency successfully collected licensee fees on its recoverable budget as prescribed by law and reduced 

its delinquent debt. Our enhanced oversight of budget execution resulted in better payroll management and prompt 

contract payments, resulting in a reduction of unexpended funds at the end of the year by $30 million from FY 2011. 

In FY 2013, the NRC will continue its financial management and system modernization enhancements to better utilize 

Government resources. We plan to expedite our transition to the new Government-wide eTravel System to enhance travel 

support at reduced costs. Also in FY 2013, the agency will implement a new framework for assessing its programmatic 

internal controls based on Federal best practices. At the beginning of FY 2014, the agency will transition to a new 

acquisition system that will seamlessly interface with the core financial system through a common financial database. When 

complete, this enhancement will significantly improve the management and quality control of agency spending data.

The NRC is committed to ensuring the safety and security of the Nation’s civilian use of nuclear materials in the most 

effective and efficient manner. The regulation of the Nation’s nuclear industry during this period of fiscal challenges 

and change requires rigorous stewardship of limited taxpayer resources and demands superior financial performance. I

am proud of the agency’s progress made during the past year to promote sound business practices in the conduct of our 

regulatory mission and am confident that we will continue to make future improvements.

J.E. Dyer

Chief Financial Officer

February 8, 2013
16 

Federal agencies and commercial customers were available 

to obligate in FY 2012. The sum of all funds available 

to obligate for FY 2012 was $1,097.7 million, which 

represents a decrease of $34.2 million from the FY 2011 

amount of $1,131.9 million.

The Omnibus Budget Reconciliation Act of 1990 

(OBRA-90), as amended, requires the NRC to collect 

fees to offset approximately 90 percent of its new budget 

authority, less the amount appropriated to the NRC 

from the Nuclear Waste Fund, amounts appropriated for 

waste incidental to reprocessing and generic homeland 

security. The projected amount to be received from 

reactor and materials fees in FY 2012 was $901.0 million, 

which is the net of fees to be recovered of $909.5 million 

less estimated billing adjustments of $8.5 million 

($2.3 million estimated unpaid current year invoices 

less $10.8 million in estimated payments received in 

the current year for previous year invoices). The NRC 

collected $894.4 million, which represents 98.3 percent of 

the requirement per OBRA-90 to recover approximately 

90 percent ($909.5 million for FY 2012) of its new budget 

authority, less amounts appropriated for waste incidental 

to reprocessing and generic homeland security. 

Financial Performance 

Overview

As of September 30, 2012, the financial condition of the 

NRC was sound with respect to having sufficient funds 

to meet program needs, and adequate control of these 

funds in place to ensure obligations did not exceed budget 

authority. The NRC prepared its financial statements in 

accordance with the accounting standards codified in the 

Statements of Federal Financial Accounting Standards 

and Office of Management and Budget (OMB) Circular 

A-136, Financial Reporting Requirements.

Sources of Funds

The NRC has no-year appropriations for Salaries and 

Expenses and the Office of the Inspector General, 

which are available for obligation until expended. 

Additionally, in FY 2012, the Office of the Inspector 

General received a two-year appropriation, which is 

available for obligation until FY 2013. The NRC’s new 

FY 2012 budget authority was $1,038.1 million (see 

Figure 2). Of this amount, $1,027.2 million was for the 

Salary and Expenses appropriation and $10.9 million was 

for the Office of the Inspector General appropriations 

($9.8 million for the no-year and $1.1 million for the 

two-year appropriation). This represents a decrease in 

new budget authority of $15.8 million compared to 

FY 2011 ($5.9 million for the Salaries and Expenses 

appropriation, $9.9 million for resources received from 

the U.S. Department of Energy (DOE) included in 

the NRC’s 2011 Salaries and Expenses appropriation 

derived from the Nuclear Waste Fund for NRC activities 

associated with the Nuclear Waste Policy Act (NWPA), as 

amended, and no change for the Office of the Inspector 

General appropriation). In addition, $35.8 million from 

prior-year appropriations, $12.8 million carried over 

from prior-year for reimbursable work, and $11.0 million 

for new reimbursable work to be performed for other 

Reactor

Fees

IN MILLIONS

Material

Fees

$859.7 $845.0 2011

$56.0 $56.0 $9.9 $0.0

$128.3 $128.6

Nuclear

Waste

General

Fund

$0.0 $8.5

Other

Fees

2012

Figure 2

Source of Funds (projected)
 17

http://www.nrc.gov

Uses of Funds by Function

The NRC incurred obligations of $1,045.1 million in 

FY 2012, which was a decrease of $38.4 million over 

FY 2011 (see Figure 3). Approximately 57 percent of 

obligations were used for salaries and benefits. The 

remaining 43 percent was used to obtain technical 

assistance for the NRC ’s principal regulatory programs, 

conduct confirmatory safety research, cover operating 

expenses (e.g., building rentals, transportation, printing, 

security services, supplies, office automation, and 

training), pay for staff travel, and cover reimbursable work.

The unobligated budget authority available at the end 

of FY 2012 was $62.9 million, a $14.4 million increase 

compared to the FY 2011 amount of $48.5 million. 

Of the unobligated balance at the end of FY 2012, 

$11.9 million was for reimbursable work and 

$51.0 million was available to fund critical NRC needs 

in FY 2013. At the end of FY 2011, the unobligated 

balance included $12.8 million for reimbursable work and 

$35.7 million to fund critical NRC needs in FY 2012. 

Audit Results 

The NRC received an unqualified audit opinion on 

its FY 2012 financial statements and internal controls. 

The auditors found no instances of noncompliance or 

substantial noncompliance with laws and regulations 

during the FY 2012 audit. The Summary of the Financial 

Statement Audit and Management Assurances is included 

on page 28 of this report. 

Limitations on the Financial 

Statements

The principal financial statements have been prepared 

to report the financial position and results of operations 

of the NRC, pursuant to the requirements of 

31 U.S.C. 3515 (b). While the statements have been 

prepared from the books and records of the NRC in 

accordance with Generally Accepted Accounting Principles 

(GAAP) for Federal entities and the formats prescribed 

by the Office of Management and Budget (OMB), the 

statements are in addition to the financial reports used 

to monitor and control budgetary resources, which 

are prepared from the same books and records. The 

statements should be read with the realization that they 

are for a component of the U.S. Government, a sovereign 

entity. The condensed financial statements presented 

in this report (see pages 27 and 28) are drawn from the 

principal financial statements presented in the FY 2012 

Performance and Accountability Report. 

Salaries and

Benefits

IN MILLIONS

Travel

$624.1

$597.9

2011

$25.7 $27.3 $4.8 $12.8

$428.9 $407.1

Reimbursable

Work

Contract

Support

2012

Figure 3

Use of Funds by Function
18 

Financial Statement 

Highlights

The NRC’s financial statements summarize the financial 

activity and the financial position of the agency. 

Analysis of the Balance Sheet

The Balance Sheet, which shows the NRC’s assets, 

liabilities, and net position, is summarized in the 

Condensed Balance Sheet on page 27. 

Assets: The NRC’s total assets (see Figure 4) were 

$569.9 million as of September 30, 2012, representing 

an increase of $24.8 million from the same period of 

FY 2011. Changes in major categories include increases 

of $53.5 million in Property and Equipment, $.3 million 

in Accounts Receivable, Net, and $8.1 million in Other 

Assets, offset by a decrease of $37.1 million in the Fund 

Balance with Treasury.

The Fund Balance with Treasury was $357.5 million as 

of September 30, 2012, which accounts for 63 percent 

of total assets. This account represents appropriated 

funds, license fee collections, and other funds maintained 

at the Treasury to pay for current liabilities and to 

finance authorized purchase commitments. The 

Figure 4

Asset summary (in Millions)

Other,

$11.8

2%

Property and

Equipment,

Net, $100.0

17%

Fund Balance

with Treasury, 

$357.5

63%

Accounts

Receivable, 

Net,

$100.6

18%

$37.1 million decrease in the fund balance is primarily 

the result of decreases of $25.6 million in the beginning 

balance compared with the prior year, $5.9 million in 

the appropriation received, and $9.9 million for the 

Nuclear Waste Fund, offset by a $2.8 million increase 

in the receipts for offsetting collections, representing 

reimbursements for work that the NRC performed 

and prior year refunds, and $1.5 million in reduced 

disbursement activity. Fees collected, and then transferred 

to the Treasury, decreased $16.5 million from FY 2011, 

producing a net offsetting effect on the fund balance. (The 

revenue generated by fees assessed to licensees as required 

by law is sent to the Treasury to offset approximately 

90 percent of the NRC’s appropriations received during 

the year). Payments, which reduce the fund balance, 

had a net decrease of $1.5 million and were comprised 

primarily of a decrease of $26.2 million in salaries and 

benefits disbursements, offset by increases of $23.8 million 

in general disbursements and $0.9 million in grant 

disbursements.

Accounts receivable consists of amounts that other 

Federal agencies and the public owe to the NRC. 

Accounts Receivable, Net, as of September 30, 2012, was 

$100.6 million, which included an offsetting allowance 

for doubtful accounts of $1.6 million. For FY 2011, 

the year-end Accounts Receivable, Net, balance was 

$100.3 million, including an offsetting allowance for 

doubtful accounts of $4.5 million.

Liabilities: Total liabilities (see Figure 5) were 

$124.6 million as of September 30, 2012, representing 

a decrease of $5.0 million from the FY 2011 year-end 

balance of $129.6 million. Accounts Payable, Federal 

Employee Benefits, and Other Liabilities remained 

basically the same as the prior year. For FY 2012, Other 

Liabilities include $47.8 million in accrued annual leave, 

$8.8 million in accrued funded salaries and benefits, 

$8.2 million in grants payable, $4.6 million in advances 

the NRC received for services that will be provided, 

$2.1 million in funded employee benefit contributions, 

$1.9 million in accrued workers’ compensation, and 
 19

http://www.nrc.gov

Appropriations, the amount of spending authority that 

remains unused at the end of the year, and Cumulative 

Results of Operations, the cumulative excess of financing 

sources over expenses. Unexpended Appropriations 

were $285.1 million at the end of FY 2012, a decrease of 

$25.2 million from the prior fiscal year end. Cumulative 

Results of Operations increased by $55.0 million from 

$105.2 million in FY 2011 to $160.2 million in FY 2012.

Analysis of the Statement 

of Net Cost

The Statement of Net Cost, which links the NRC’s program 

performance to the cost of programs, is shown on page 27. 

The Statement of Net Cost represents the gross cost of 

the NRC’s two programs (Nuclear Reactor Safety and 

Security and Nuclear Materials Safety and Security) as 

identified in the NRC Annual Performance Plan, offset by 

earned revenue. The NRC’s Net Cost of Operations for 

the year ended September 30, 2012, was $147.8 million, 

representing a decrease of $60.4 million over the FY 2011 

net cost of $208.2 million. 

The NRC’s total gross costs (see Figure 6) decreased 

$44.8 million. Gross costs decreased $33.5 million in the 

Nuclear Reactor Safety and Security program primarily 

Figure 6

Gross Costs (in Millions)

Nuclear Reactor

Safety and Security, 

$824.1

78%

Nuclear Materials

and Waste Safety

and Security,

$228.0

22%

$0.8 million in contract holdbacks, capital lease liability, 

and miscellaneous liabilities. 

Total Liabilities include liabilities not covered by 

budgetary resources, which represent expenses recognized 

in the financial statements that will be paid from future 

appropriations. The liabilities not covered by budgetary 

resources were $56.9 million for FY 2012 compared 

to $59.0 million for FY 2011, a $2.1 million decrease. 

For FY 2012, the liabilities not covered by budgetary 

resources represent 46 percent of total liabilities and 

include $47.8 million in unfunded accrued annual leave 

that has been earned, but not yet taken, and $1.9 million 

in accrued workers’ compensation included in Other 

Liabilities, and $7.2 million as an actuarial estimate of 

accrued future workers’ compensation expenses included 

in Federal Employee Benefits.

Net Position: The difference between Total Assets and 

Total Liabilities, Net Position, was $445.3 million 

as of September 30, 2012, which is an increase of 

$29.8 million from the FY 2011 year-end balance. Net 

Position is comprised of two components: Unexpended 

*Other Liabilities: $47.8 Accrued Annual Leave, $8.8 Accrued 

Salaries and Benefits, $8.2 Grants Payable, $9.4 Other.

Figure 5

Liabilities Summary (in Millions)

Federal

Employee

Benefits,

$7.2

6%

Other* 

$74.2

59%

Accounts

Payable,

$43.2

35%
20 

due to decreases of $28.0 million in allocated overhead 

costs and $14.6 million in the New Reactors business 

line, offset by an increase of $9.1 million in the Operating 

Reactors business line. The Nuclear Materials and Waste 

Safety and Security program’s gross costs decreased 

$11.3 million.

 

Total earned revenue (see Figure 7) as of September 30, 2012, 

was $904.3 million, an increase of $15.6 million from 

September 30, 2011.

Fees collected (earned primarily in FY 2012) and transferred 

to Treasury during FY 2012, was $894.4 million compared 

to $911.0 million for FY 2011. The NRC is required 

to collect approximately 90 percent of appropriations 

for NRC activities through fee billing. Fees for reactor 

and materials licensing and inspections are collected in 

accordance with Title 10 of the Code of Federal Regulations 

(10 CFR) Part 170, “Fees for Facilities, Materials, Import 

and Export Licenses, and Other Regulatory Services under 

the Atomic Energy Act of 1954, as amended,” and 10 CFR 

Part 171, “Annual Fees for Reactor Licenses and Fuel 

Cycle Licenses and Materials Licenses, Including Holders 

of Certificates of Compliance, Registrations, and Quality 

Figure 7

Earned Revenue (in Millions)

Nuclear Materials

and Waste Safety

and Security,

$88.6

10%

Nuclear Reactor

Safety and Security, 

$815.7

90%

Assurance Program Approvals and Government Agencies 

Licensed by the NRC.”

Analysis of the Statement of 

Changes in Net Position

The Statement of Changes in Net Position, which reports 

NRC’s change in net position for the reporting period, is 

summarized in the Condensed Statement of Changes in 

Net Position on page 28. 

Net Position is affected by changes in its two components: 

Cumulative Results of Operations and Unexpended 

Appropriations. The increase in Net Position of 

$29.8 million from FY 2011 to FY 2012 was due to 

an increase of $55.0 million in Cumulative Results of 

Operations, offset by a decrease of $25.2 million in 

Unexpended Appropriations. 

The increase in Cumulative Results of Operations of 

$55.0 million was primarily a result of an increase in 

financing sources of $7.7 million and a reduction in the 

net cost of operations of $60.4 million, offset by a decrease 

in the beginning balance of $13.1 million. Financing 

sources primarily include imputed financing costs 

absorbed by others and appropriations used, reduced by 

the collection of fees assessed and the Nuclear Waste Fund 

expenses. Imputed finance costs decreased $16.9 million 

because of costs recorded in FY 2011 of $12.2 million 

for judgments and awards and $4.7 million in costs for 

retirement and health benefits. Appropriations used 

increased $34.5 million from the prior year primarily 

due to an increase in funds consumed of $4.9 million, 

a reduction in the collection of fees assessed of 

$16.5 million, and a reduction in Nuclear Waste Fund 

expenses of $13.1 million.

A change in unexpended appropriations primarily 

results from appropriations received and adjustments 

(e.g., rescissions) being more, or less, than appropriations 

used during the fiscal year. In FY 2012, appropriations 
 21

http://www.nrc.gov

received of $143.8 million consisted primarily of the 

NRC’s total appropriation of $1,038.1 million, reduced 

by $894.4 million in fee collections returned to Treasury. 

Appropriations used in FY 2012 totaled $169.1 million 

and consisted of $1,064.8 million in funds used, reduced 

by the collection of $894.3 million in fees assessed and 

$1.4 million in Nuclear Waste Fund expenses. 

Management Assurances, 

Systems Controls, and 

Legal Compliance

This section provides information on NRC’s compliance 

with the Federal Managers’ Financial Integrity Act of 1982 

(Public Law 97-255), OMB Circular A-123, Management’s 

Responsibility for Internal Control, and the Federal Financial 

Management Improvement Act of 1996. 

Federal Managers’ Financial 

Integrity Act

The Federal Managers’ Financial Integrity Act of 1982 

(Integrity Act) mandates that agencies establish internal 

control to provide reasonable assurance that the 

agency complies with applicable laws and regulations; 

safeguards assets against waste, loss, unauthorized use, or 

misappropriation; and properly accounts for and records 

revenues and expenditures. The Integrity Act encompasses 

program, operational, and administrative areas, as well as 

accounting and financial management. It also requires 

the Chairman to provide an assurance statement on the 

adequacy of internal controls and on the conformance 

of financial systems with Government-wide standards, 

shown below. 

Internal Control Program

Internal controls are the organization, policies, and 

procedures to help program and financial managers 

achieve results and safeguard the integrity of their 

programs. NRC managers are responsible for designing 

and implementing effective internal controls in their 

areas of responsibility. Each office director and regional 

administrator prepares an annual assurance certification 

that identifies any control weaknesses requiring the 

attention of the NRC Executive Committee on Internal 

Control (ECIC). These certifications are based on internal 

control activities such as risk assessments, as well as 

other activities such as Integrated Materials Performance 

Evaluation Program self-assessments, lessons learned 

oversight board activities, agency action review meetings, 

senior leadership meetings, business process improvement 

reviews, audits of financial statements, reviews of financial 

statements, Inspector General and U.S. Government 

Accountability Office audits and reports, and other 

information provided by the congressional committees of 

jurisdiction.

The ECIC consists of senior executives from the Office of 

the Chief Financial Officer and the Office of the Executive 

Director for Operations. The agency’s General Counsel 

and Inspector General participate as advisors.

The ECIC met and reviewed the reasonable assurance 

certifications provided by the offices and regions. The 

ECIC then informed the Chairman as to whether the 

NRC had any internal control deficiencies serious enough 

to require reporting as a weakness or noncompliance.

The NRC’s internal control program requires that internal 

control deficiencies be documented and reported in 

office and regional internal control plans and operating 

plans. The internal control plans provide for annual 

reporting, and the operating plan process provides for 

quarterly updates; together, both ensure that key issues 

receive senior management attention. Combined with 

the individual assurance statements discussed previously, 

the internal control information in these plans provides 

the framework for monitoring and improving the agency’s 

internal control on an ongoing basis.
22 

remaining six key processes were to be tested once in 

the 3-year cycle, two each year. In FY 2012, the NRC 

continued its assessment of internal control over financial 

reporting. The agency reevaluated its scope of financial 

reports, materiality values, risk assessments, key processes, 

and key controls. Based on the results of this evaluation, 

the NRC can provide reasonable assurance that its internal 

control over financial reporting was operating effectively 

as of June 30, 2012. The evaluation found no material 

weaknesses in design or operation of the internal controls 

over financial reporting. 

FY 2012 Integrity Act 

Results

The NRC evaluated its internal control 

systems for the fiscal year ending 

September 30, 2012. Based on this 

evaluation, the NRC is able to provide a 

statement of assurance that the internal 

controls and financial systems meet 

the objectives of the Integrity Act. The 

NRC has reasonable assurance that its 

internal controls are effective and that its 

financial management systems conform 

to Government-wide standards.

Office of Management 

and Budget Circular 

A-123, “Management’s 

Responsibility for 

Internal Control”

Internal Control Over 

Financial Reporting 

(Appendix A)

In FY 2006, the NRC implemented 

the requirements of the revised OMB 

Circular A-123, which defined and 

strengthened management’s responsibility 

for internal control in Federal agencies. 

The revised circular included updated 

internal control standards. Appendix A 

requires Federal agencies to assess the effectiveness 

of internal controls over financial reporting and to 

prepare a separate annual statement of assurance as of 

June 30, 2012. 

In FY 2007, the NRC adopted a 3-year rotational testing 

plan. The agency determined that three of the original 

nine key processes (financial reporting, revenue, and 

information technology) were significant enough to 

include in the testing each year of the 3-year cycle. The 

U.S. NUCLEAR REGULATORY COMMISSION

FISCAL YEAR 2012

FEDERAL MANAGERS’ FINANCIAL INTEGRITY ACT STATEMENT

The U.S. Nuclear Regulatory Commission (NRC) managers are responsible for 

establishing and maintaining effective internal control and financial management 

systems that meet the objectives of the Federal Managers’ Financial Integrity 

Act (Integrity Act). The NRC conducted its assessment of internal control over 

programmatic operations in accordance with Office of Management and Budget 

(OMB) Circular A-123, Management’s Responsibility for Internal Control (A-123) 

guidelines. Based on the results of this evaluation, NRC can provide reasonable 

assurance that its internal control over programmatic operations is in compliance 

with applicable laws and guidance, and no material weaknesses were found as of 

September 30, 2012.

In addition, NRC conducted its assessment of the effectiveness of internal control 

over financial reporting, which includes safeguarding of assets and compliance 

with applicable laws and regulations, in accordance with the requirements of 

Appendix A of A-123. Based on the results of the evaluation, NRC can provide 

reasonable assurance that its internal control over financial reporting as of 

June 30, 2012, was operating effectively, and no material weaknesses were found 

in the design or operation of the internal control over financial reporting.

The NRC can also provide reasonable assurance that its financial systems 

substantially comply with applicable Federal accounting standards as required by 

the Federal Financial Management Improvement Act of 1996.

Allison M. Macfarlane

Chairman

U.S. Nuclear Regulatory Commission

November 2, 2012
 23

http://www.nrc.gov

Requirements For Effective Measurement 

and Remediation of Improper Payments 

(Appendix C)

In FY 2011, OMB revised Parts I and II to Appendix C 

of OMB Circular A-123. Appendix C, “Requirements 

for Effective Measurement and Remediation of Improper 

Payments,” as amended, implemented the Improper 

Payments Information Act of 2002 (IPIA) and the Improper 

Payments Elimination and Reporting Act of 2010 (IPERA). 

The purpose of this guidance was to reduce improper 

payments, hold agencies accountable for reducing 

improper payments, and increase penalties for contractors 

that fail to timely disclose improper payments. The NRC 

complied with this guidance by incorporating improper 

payments testing into the FY 2011 OMB Circular A-123 

Appendix A assessment.

The NRC conducted its first IPERA testing in FY 2011, 

which yielded an estimated improper payment rate for 

commercial payments of 0.02 percent and an estimated 

improper payment amount of less than $27,000. These 

results fell below the IPERA thresholds of 2.5 percent of 

program outlays and $10 million of all program or activity 

payments, or $100 million. Due to the NRC’s low rate 

in estimated improper payments in FY 2011, the OMB 

and the NRC agreed that the NRC would conduct IPERA 

testing every three years (instead of yearly) in accordance 

with the IPERA and OMB guidance. The next review is 

scheduled for FY 2014.

Federal Financial Management 

Improvement Act

The Federal Financial Management Improvement Act 

of 1996 (FFMIA) requires each agency to implement 

and maintain systems that comply substantially with 

(1) Federal financial system requirements, (2) applicable 

Federal accounting standards, and (3) the standard 

general ledger at the transaction level. FFMIA requires 

the Chairman to determine whether the agency’s financial 

management system complies with FFMIA and to develop 

remediation plans for systems that do not comply.

FY 2012 FFMIA Results

As of September 30, 2012, the NRC evaluated its 

financial systems and found that they comply with 

applicable Federal requirements and accounting standards 

required by FFMIA. In making this determination, the 

agency considered all available information, including 

the report from the ECIC on the effectiveness of internal 

control, Office of the Inspector General audit reports, 

and the result of the agency’s financial management 

system reviews.

Financial Management Systems 

Strategies

The NRC continued to make substantial progress in 

modernizing its financial systems throughout FY 2012. 

The NRC enhanced system performance, data integrity, 

business processes, user expertise, and reporting in the 

agency’s Financial Accounting and Integrated Management 

Information System (FAIMIS) Core Financial System 

(CFS). On July 31, 2012, the NRC completed a FAIMIS 

CFS Re-hosting Initiative and successfully transferred 

hosting and customer Helpdesk support services for the 

FAIMIS CFS from the U.S. Department of Interior’s 

National Business Center to CGI Federal’s (CGI’s) 

Phoenix Data Center (PDC). The entire initiative, which 

included standing up new hardware at the hosting facility, 

modifying all system interfaces, completing an extensive 

systems security evaluation, testing system functionality, 

verifying converted historical data, establishing a new 

secure communications protocol between the hosting site 

and NRC, and executing a formal independent verification 

and validation process, was all completed in less than seven 

months. As a result of the FAIMIS Re-hosting Initiative, 

the NRC is hosted within a private cloud environment. 

In FY 2012, the agency also upgraded its Time and Labor 

(T&L) System. The new T&L system strengthened data 

security, eliminated electronic workflows, and reduced 

yearly costs. The agency also added a Salary and Benefits 

Projection Tool to its Budget Formulation System (BFS). 

This BFS enhancement facilitates the analysis of employee 

compensation and benefits scenarios for future years and 

improves budget forecasting. Sustained emphasis on 
24 

modern, Web-enabled technology, automated processes, 

and extensive user support has improved the financial 

information available to the agency, which has allowed for 

better informed decision making.

Prompt Payment

The Prompt Payment Act of 1982, as amended, requires 

Federal agencies to make timely payments to vendors for 

supplies and services, pay interest penalties when payments 

are made after the due date, and take cash discounts when 

they are economically justified. In FY 2012, the NRC 

paid 98 percent of the 10,183 invoices subject to the 

Prompt Act on time. 

Debt Collection

The Debt Collection Improvement Act of 1996 enhances 

the ability of the Federal Government to service and 

collect debts. The NRC’s goal is to maintain the level of 

delinquent debt owed to the agency at year end to less than 

1 percent of its annual billings. The agency met this goal. 

At the end of FY 2012, delinquent debt was $1.4 million 

(non-Federal delinquent debt over 31 days old less 

installments). The agency was able to improve its referral 

to 99.8 percent of all eligible debt over 180 days delinquent 

to the U.S. Department of the Treasury for collection. In 

order to accurately reflect delinquent debt as well as all nonFederal debt between 31-180 days, less installment loans, 

the numbers previously reported for FYs 2007-2011 have 

required adjustment. This success was due to an extensive 

cleanup effort resulting from the deployment of a new 

accounting system and process changes. 

Biennial Review of User Fees

The Chief Financial Officers Act of 1990 requires agencies 

to conduct a biennial review of fees, royalties, rents, and 

other charges imposed by agencies, and to make revisions to 

cover program and administrative costs incurred. Each year, 

the NRC revises the hourly rates for license and inspection 

fees and adjusts the annual fees to meet the fee collection 

requirements of the Omnibus Budget Reconciliation Act of 

1990, as amended. The most recent changes to the license, 

inspection, and annual fees are described in the Federal 

Register (77 FR 35809: June 15, 2012). There were no 

biennial reviews completed in FY 2012. 

Inspector General Act of 1978

Page 13 of this document includes “Inspector General’s 

Assessment of the Most Serious Management and 

Performance Challenges Facing NRC.” The complete 

report may be accessed at http://pbadupws.nrc.gov/docs/

ML1227/ML12275A280.pdf. The NRC has established 

and continues to maintain an excellent record in resolving 

and implementing Office of Inspector General (OIG) 

open audit recommendations, as well as data concerning 

disallowed costs determined through contract audits 

conducted by the Defense Contract Audit Agency. 

2007 2008 2009 2010 2011

$10.7

$1.4 $1.4 $0.9 $1.1 $1.5

2012

$12.0

$10.0

$8.0

$6.0

$4.0

$2.0

$0

Figure 9

Delinquent Debt (in Millions)

2005 2006 2007 2008 2009 2010 2011

96%

2012

100%

98%

96%

94%

92%

90%

88%

86%

84%

96%

98%

95%

93%

89%

98%

95%

Figure 8

Payment Percentage
 25

http://www.nrc.gov

Inspector General’s Transmittal Letter

UNITED STATES

NUCLEAR REGULATORY COMMISSION

WASHINGTON, D.C. 20555-0001

OFFICE OF THE

INSPECTOR GENERAL

February 8, 2013 

MEMORANDUM TO: Chairman Macfarlane

FROM: Hubert T. Bell /RA/

Inspector General

SUBJECT: TRANSMITTAL OF THE INDEPENDENT AUDITORS’ REPORT

ON THE CONDENSED FINANCIAL STATEMENTS 

(OIG-13-A-12) 

Office of Management and Budget Circular No. A-136, Financial Reporting Requirements, 

Revised, August 3, 2012, requires all entities covered under The Chief Financial Officer’s Act 

of 1990 to prepare a Summary of Performance and Financial Information which summarizes 

performance and accountability results for the fiscal year. The Summary Report should include 

the most important performance and financial information contained in the Performance and 

Accountability Report in a brief, user-friendly format that is easily understood by a reader with 

little technical background in these areas. The purpose of this memorandum is to transmit

CliftonLarsonAllen LLP (CLA) Auditors’ Report on the Condensed Financial Statements

included in the Summary Report. 

CLA is responsible for the attached unqualified auditor’s opinion, dated November 8, 2012. 

The Office of the Inspector General (OIG) is responsible for technical and administrative 

oversight regarding the firm’s performance under the terms of the contract. Our oversight of 

CLA’s work, as differentiated from an audit in conformance with Government Auditing 

Standards, was not intended to enable us to express, and accordingly we do not express, an 

opinion on the condensed financial statements included in the Summary Report. However, 

OIG’s oversight of CLA’s work disclosed no instances where CLA did not comply with

applicable auditing standards. 

We appreciate the cooperation provided by NRC staff.

Attachment: As stated

cc: Commissioner Svinicki

Commissioner Apostolakis

Commissioner Magwood

Commissioner Ostendorff

N. Mamish, OEDO

K. Brock, OEDO

J. Arildsen, OEDO

C. Jaegers, OEDO
26 

Independent Auditors’ Report on the Condensed 

Financial Statements

INDEPENDENT AUDITORS’ REPORT ON THE CONDENSED

FINANCIAL STATEMENTS

Inspector General

United States Nuclear Regulatory Commission

Chairman

United States Nuclear Regulatory Commission

We have audited the balance sheets of the United States Nuclear Regulatory Commission (NRC) 

as of September 30, 2012 and 2011, and the related statements of net cost, changes in net 

position, and budgetary resources (“financial statements”) for the fiscal years then ended. Our 

audit was performed in accordance with auditing standards generally accepted in the United 

States of America; the standards applicable to financial audits contained in Government Auditing 

Standards, issued by the Comptroller General of the United States; and OMB Bulletin No. 07-04, 

Audit Requirements for Federal Financial Statements, as amended. In our report dated 

November 8, 2012, we expressed an unqualified opinion on those financial statements. 

In our opinion, the information set forth in the accompanying condensed financial statements is 

fairly stated in all material respects in relation to the financial statements referred to above from 

which it has been derived.

In accordance with Government Auditing Standards, our report on the financial statements

referred to above includes an opinion on the effectiveness of internal control over financial 

reporting and a report on compliance with laws and regulations for the fiscal years ended 

September 30, 2012 and 2011. Those reports are integral parts of a financial statement audit 

performed in accordance with Government Auditing Standards and should be considered in 

assessing the results of our audit. 

Arlington, Virginia

November 8, 2012 

CliftonLarsonAllen LLP

www.cliftonlarsonallen.com
 27

http://www.nrc.gov

Condensed Balance Sheet* (In Thousands)

As of September 30, 2012 2011

Assets

Fund balance with Treasury $ 357,529 $ 394,580 

Accounts receivable, net 100,606 100,296 

Property and equipment, net 99,982 46,542 

Other 11,750 3,722

Total Assets $ 569,867 $ 545,140 

Liabilities

Accounts payable $ 43,172 $ 43,202 

Federal employee benefits 7,224 7,245 

Other 74,197 79,168 

Total Liabilities 124,593 129,615 

Net Position

Unexpended appropriations 285,080 310,332 

Cumulative results of operations 160,194 105,193 

Total Net Position 445,274 415,525 

Total Liabilities and Net Position $ 569,867 $ 545,140 

Condensed Financial Statements

Statement of Net Cost* (In Thousands) 

For the years ended September 30, 2012 2011

Nuclear Reactor Safety and Security

Gross costs $ 824,091 $ 857,569 

Less: Earned revenue (815,701) (786,741)

Total Net Cost of Nuclear Reactor Safety and Security 8,390 70,828 

Nuclear Materials and Waste Safety and Security

Gross costs 228,000 239,350 

Less: Earned revenue (88,630) (101,919)

Total Net Cost of Nuclear Materials and Waste Safety and Security 139,370 137,431 

Net Cost of Operations $ 147,760 $ 208,259 
28 

Condensed Financial Statements

* For a complete set of financial statements and notes, see Chapter 3, “Financial Statements and Auditors’ Report” 

beginning on page 69 of the Fiscal Year 2012 Performance and Accountability Report. This report can be accessed on 

the NRC Web site at http://www.nrc.gov/reading-rm/doc-collections/nuregs/staff/sr1542/.

** For the complete Summary of Financial Statement Audit and Management Assurances see page 126 of the FY 2012 

Performance and Accountability Report. This report can be accessed on the NRC Web site at http://www.nrc.gov/

reading-rm/doc-collections/nuregs/staff/sr1542/.

Condensed Statement of Changes in Net Position* (In Thousands)

For the years ended September 30, 2012 2011

Cumulative Results of Operations

Beginning Balance $ 105,193 $ 118,312 

Budgetary Financing Sources 169,056 144,606

Other Financing Sources 33,705 50,534

Net Cost of Operations (147,760) (208,259)

Net Change 55,001 (13,119) 

Cumulative Results of Operations $ 160,194 $ 105,193 

Unexpended Appropriations 

Beginning Balance $ 310,332 $ 311,869 

Budgetary Financing Sources (25,252) (1,537)

Total Unexpended Appropriations 285,080 310,332 

Net Position $ 445,274 $ 415,525 

Summary of Financial Statement Audit and Management 

Assurances**

SUMMARY OF FINANCIAL STATEMENT AUDIT

Audit Opinion – Unqualified Restatement – No Material Weaknesses – No

SUMMARY OF MANAGEMENT ASSURANCES

Effectiveness of Internal Control over Financial Reporting and Operations (FMFIA § 2) 

Statement of Assurance – Unqualified Material Weaknesses – No

Conformance with Financial Management System Requirements (FMFIA § 4) 

Statement of Assurance – Systems Conform to Requirements Nonconformance – No

Compliance with Federal Financial Management Improvement Act (FFMIA)

Overall Substantial Compliance Agency – Yes Auditor – Yes
 29

http://www.nrc.gov

Availability of Reference Materials in Nrc Publications

NRC Reference Materials

As of November 1999, you may electronically access NUREGseries publications and other NRC records at the NRC Library 

at http://www.nrc.gov/reading-rm.html.

Publicly released records include, to name a few, NUREG-series 

publications; Federal Register notices; applicant, licensee, and 

vendor documents and correspondence; NRC correspondence 

and internal memoranda; bulletins and information notices; 

inspection and investigative reports; licensee event reports; and 

Commission papers and their attachments.

NRC publications in the NUREG-series, NRC regulations, 

and Title 10, “Energy,” of the Code of Federal Regulations may 

also be purchased from one of these two sources.

1. The Superintendent of Documents

U.S. Government Printing Office

Mail Stop SSOP

 Washington, DC 20402-0001

 Internet: bookstore.gpo.gov

 Telephone: 202-512-1800

 Fax: 202-512-2250

2. The National Technical Information Service

Springfield, VA 22161-0002

www.ntis.gov

1-800-553-6847 or, locally, 703-605-6000

A single copy of each NRC draft report for comment is 

available free, to the extent of supply, upon written request as 

follows:

Address: Office of Administration,

Publications Branch

U.S. Nuclear Regulatory Commission

Washington, DC 20555-0001

E-mail: DISTRIBUTION.Resource@nrc.gov

Facsimile: 301-415-2289

Some publications in the NUREG-series that are posted on 

the NRC’s Web site at http://www.nrc.gov/reading-rm/doccollections/nuregs are updated periodically and may differ 

from the last printed version. Although references to material 

found on a Web site bear the date the material was accessed, 

the material available on the date cited may subsequently be 

removed from the site.

Non-NRC Reference Material

Documents available from public and special technical 

libraries include all open literature items, such as books, 

journal articles, and translations, Federal Register notices, 

Federal and State legislation, and congressional reports. 

Such documents as theses, dissertations, foreign reports and 

translations, and non-NRC conference proceedings may be 

purchased from their sponsoring organization.

Copies of industry codes and standards used in a 

substantive manner in the NRC regulatory process are 

maintained at–

The NRC Technical Library

 Two White Flint North

11545 Rockville Pike

Rockville, MD 20852-2738

These standards are available in the library for reference use 

by the public. Codes and standards are usually copyrighted 

and may be purchased from the originating organization or, 

if they are American National Standards, from–

American National Standards Institute

11 West 42nd Street

New York, NY 10036-8002

www.ansi.org

212-642-4900

Legally binding regulatory requirements are stated only 

in laws; NRC regulations; licenses, including technical 

specifications; or orders, not in NUREG-series publications. 

The views expressed in contractor-prepared publications in 

this series are not necessarily those of the NRC.

The NUREG-series comprises (1) technical and 

administrative reports and books prepared by the staff 

(NUREG–XXXX) or agency contractors 

(NUREG/CR–XXXX), (2) proceedings of conferences 

(NUREG/CP–XXXX), (3) reports resulting from 

international agreements (NUREG/IA–XXXX), 

(4) brochures (NUREG/BR–XXXX), and (5) compilations 

of legal decisions and orders of the Commission and Atomic 

and Safety Licensing Boards and of Directors’ decisions under 

10 CFR 2.206, “Requests for Action under the Subpart” of 

the NRC’s regulations (NUREG-0750).

 31

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Bibliographic Data Sheet

NRC FORM 335 

(9-2004) 

NRCMD 3.7

1. REPORT NUMBER 

(Assigned by NRC, Add Vol., Supp., Rev., 

and Addendum Numbers, if any.)

2. TITLE AND SUBTITLE 3. DATE REPORT PUBLISHED

MONTH YEAR

4. FIN OR GRANT NUMBER

5. AUTHOR(S) 6. TYPE OF REPORT

7. PERIOD COVERED

8. PERFORMING ORGANIZATION - NAME AND ADDRESS (If NRC, provide Division, Office or Region, U. S. Nuclear Regulatory Commission, and mailing address; if contractor, 

 provide name and mailing address)

9. SPONSORING ORGANIZATION - NAME AND ADDRESS (If NRC, type “Same as above”, if contractor, provide NRC Division, Office or Region, U.S. Nuclear Regulatory Commission, 

 and mailing address)

10. SUPPLEMENTARY NOTES

11. ABSTRACT (200 words or less)

12. KEY WORDS/DESCRIPTORS (List words or phrases that will assist researchers in locating the report) 13. AVAILABILITY STATEMENT 

14. SECURITY CLASSIFICATION

(This Page) 

(This Report) 

15. NUMBER OF PAGES 

16. PRICE 

BIBLIOGRAPHIC DATA SHEET

(See instructions on the reverse)

February

N/A

Annual

Fiscal Year 2012

Unlimited

NUREG-1542, Vol. 18, Supp. 1

U.S. Nuclear Regulatory Commission

Fiscal Year 2012

Summary of Performance and Financial Information

Performance and Accountability Report (PAR)

Fiscal Year (FY)

2012

The Fiscal Year 2012 NRC Summary of Performance and Financial Information provides performance results and 

condensed audited financial statements that enable the U.S. Congress, the President, and the public to assess the 

performance of the agency in achieving its mission and stewardship of its resources.

David Holley, James Coyle, et. al

Same as above

NRC FORM 335 (9-2004) PRINTED ON RECYCLED PAPER

2013

Division of Planning and Budget

Office of the Chief Financial Officer

U.S. Nuclear Regulatory Commission

Washington, DC 20555-0001



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