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

The information collections contained in this document are subject to the Paperwork Reduction 

Act of 1995 (44 U.S.C. 3501 et seq.), which were approved by the Office of Management 

and Budget, approval numbers 3150‐0002, 3150‐0003, 3150‐0004, 3150‐0009, 3150‐0011, 

3150‐0012, 3150‐0014, 3150‐0058, 3150‐0104, 3150‐0123, 3150‐0139, and 3150‐0197.

Public Protection Notification

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

information or an information collection requirement unless the requesting document displays a 

currently valid OMB control number.
Protecting People and the Environment ⎟ http://www.nrc.gov ⎟ i

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

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

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

The Nuclear Industry. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

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

Inspector General’s Assessment of the most serious management and 

performance challenges fac ing NRC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

A Message From The Chief Financial Officer. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

Financial Performance Overview. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

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

Management Assurances, Systems, Controls, and Legal Compliance. . . . . . . 22

Inspector General’s Transmittal Letter. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27

Independent Auditor’s Report on the Condensed Financial Statements. . 28

Condensed Financial Statements. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

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

Availability of Reference Materials in NRC Publications. . . . . . . . . . . . . . . . . . . . 33

This report is a summary of the U.S. Nuclear Regulatory Commission’s (NRC’s) Fiscal Year (FY) 2011 

Performance and Accountability Report (PAR), published on November 15, 2011. This report is in an 

easy-to-read format and is available on the NRC Website 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.

table of contents
ii ⎟ Fiscal Year 2011 ⎟ NRC Summary of Performance and Financial Information

The U.S. Nuclear Regulatory Commission (NRC) Headquarters
Protecting People and the Environment ⎟ http://www.nrc.gov ⎟ 1

a message from the chairman

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

Performance and Financial Information for Fiscal Year (FY ) 2011. The report provides key 

financial and performance information to Congress and the American people. For the tenth 

consecutive year, we received the Certificate of Excellence in Accountability Reporting from 

the Association of Government Accountants for our FY 2010 Performance and Accountability 

Report. This prestigious award recognizes our commitment to accountability and highquality reporting of performance and financial information. This report highlights our 

achievements and challenges in meeting our mission through the agency’s two strategic goals 

of Safety and Security.

In FY 2011, we continued to maintain effective and efficient oversight of the Nation’s 

104 nuclear reactors, placing continued emphasis on strengthening the interrelationship among safety, security, and 

emergency preparedness. We continued to review all safety aspects of new reactor designs, environmental siting, 

and combined license applications for the construction of new nuclear power plants. We also remained focused 

on the safe and secure use of nuclear materials through effective oversight of fuel facilities, uranium recovery sites, 

decommissioning sites, and nuclear material user licensees.

The devastating earthquake and tsunami that struck Japan on March 11, 2011 led to what is now widely recognized 

as one of the worst accidents in the history of nuclear power. In the aftermath of the Fukushima Dai-ichi emergency, 

the NRC took strong and immediate actions to ensure the continued safety of our Nation’s nuclear power plants. 

Throughout our response, the NRC staff exhibited the same high level of dedication and professionalism that I have 

seen consistently throughout my seven years with the Commission.

The Commission established the Near-T erm Japan Task Force, comprising of some of the agency’s most senior staff 

and experts, to conduct a very thorough review of all available information and to develop a comprehensive set of 

recommendations for strengthening nuclear safety. Their work was made possible by the assistance of hundreds of 

other NRC staff who supported their efforts. This has been a tremendous accomplishment for the Task Force and 

the agency as a whole. The Japan situation required NRC staff to address new safety challenges while continuing to 

maintain a focus on our other important responsibilities. It also resulted in a high level of congressional and public 

interest in our response to the Fukushima accident and how we will continue to ensure nuclear safety in this country.

We are committed to prudently managing the resources entrusted to us by the American people. We will continue 

to evaluate, test, and strengthen our internal controls, including those related to financial reporting and financial 

management systems, as required by the Federal Managers’ Financial Integrity Act of 1982 (FMFI A). Based on the 

FMFI A assessments, I have concluded that there is reasonable assurance that the NRC is in substantial compliance 

with FMFI A, 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 (FF MIA), 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 look forward 

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

Gregory B. Jaczko

Chairman

February 9, 2012
2 ⎟ Fiscal Year 2011 Fiscal Year 2011 ⎟ NRC Summary of Performance and NRC Summary of Performance and FFinancial inancial IInformation nformation

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 information 

for fiscal year (FY ) 2011, which covers the period 

from October 1, 2010, to September 30, 2011. This 

summary report provides an opportunity for the 

American public to assess how effectively the NRC 

uses its funds to achieve results.

About the NRC

The NRC is an independent Federal agency. 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 license and 

regulate the Nation’s civilian use of byproduct, 

source, and special nuclear materials in order to 

protect public health and safety, to promote the 

common defense and security, and to protect the 

environment. The agency regulates civilian nuclear 

power plants, other nuclear facilities, and 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 Senate, the President appoints 

each member to serve a 5-year term. The Chairman 

is the principal executive officer and official 

spokesman for the Commission. The Executive 

Director for Operations carries out policies and 

decisions made by the Commission and directs the 

activities of the programs.

The NRC’s headquarters is located in Rockville, 

MD. The NRC has an Operations Center housed 

within the headquarters complex 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 staff 

the Operations Center 24 hours a day, seven days a 

week.

The NRC also has a regional office 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 new budget authority for FY 2011 of 

$1,054.2 million (before a $0.3 million recission of 

funds) supported 3,991 full-time equivalent staff. 

The NRC budget has been primarily covered by fees 

assessed to its licensees and applicants for a license. 

The agency collected approximately 90 percent 

of its budget from licensees, and applications for 

licenses, with the remaining funding provided by 

the U.S. Treasury. 

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 material 

cycle. The nuclear material cycle begins with the 

mining and production of nuclear fuel, 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 agency’s regulatory 
Protecting People and the Environment Protecting People and the Environment ⎟ http://www.nrc.gov http://www.nrc.gov ⎟ 3

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.

Fuel Facilities

The production of nuclear fuel (see Figure 1) begins 

at uranium mines, where milled uranium ore is 

used to produce a uranium concentrate called 

“yellowcake.” At a special facility, the yellowcake 

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 uranium is 

then converted into oxide powder, fabricated into 

fuel pellets (each about the size of a fingertip), 

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.

The MOX fuel is a blend of Plutonium Dioxide and depleted Uranium Dioxide (UO2) that is used as fuel in commercial nuclear power plants.

Source: U.S. Nuclear Regulatory Commission

Final

Disposal

Fresh

UO2

Spent UO2

Fuel

UO2 Fuel

Fuel Fabrication

Fresh MOX Fuel

Plutonium

Recycling

Ultimate Waste

Natural

Uranium

Recycled

Uranium

Enriched

Uranium

Depleted

Uranium

Mixed Oxide

(MOX) Fuel

Spent MOX

Fuel

Reactor

Storage 

and

Disposal

Uranium

Recovery

Enrichment

Conversion

Concentration

Figure 1

Schematic of the Nuclear fuel Cycle
4 ⎟ Fiscal Year 2011 ⎟ NRC Summary of Performance and Financial Information

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 fastmoving 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 onethird 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 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 Disp osal

Typically, a nuclear power plant generates the 

following two types of radioactive waste: high-level 

waste, which consists of used fuel (usually called 

spent fuel), and low-level 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 
Protecting People and the Environment ⎟ http://www.nrc.gov ⎟ 5

it contains the highly radioactive fission byproducts 

created while the reactor was operating. The spent 

fuel from nuclear power plants is stored in waterfilled pools at each reactor site or at a storage facility 

in Illinois. The water in the spent fuel storage 

pool provides cooling and adequately shields 

and protects workers from the radiation. Several 

nuclear power plants also use 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 

shield workers and the public from radiation. 

In FY 2008, the U.S. Department of Energy (DOE) 

submitted, and the NRC docketed for review, 

an application for a disposal facility at Yucca 

Mountain, NV. Subsequently, in FY 2010, the DOE 

filed a motion to withdraw its application with 

prejudice. In January 2010, Secretary of Energy 

Steven Chu convened the Blue Ribbon Commission 

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 plan. In the interim, most spent fuel in the 

United States will remain safely stored at individual 

plants.

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 Website 

http://www.nrc.gov. 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 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 

the agency’s licensees in a partnership. The 

NRC licensees are responsible for designing, 

constructing, and operating nuclear facilities safely. 

The NRC is responsible for regulatory oversight 

of the licensees. The NRC Safety goal activities 

are designed to achieve the following strategic 

outcomes: 

Strategic Outcomes

n Prevent the occurrence of any nuclear reactor 

accidents. 

n Prevent the occurrence of any inadvertent 

criticality events. 

n Prevent the occurrence of any acute radiation 

exposures resulting in fatalities. 

STRATEGIC GOAL 1: SAFETY

Ensure Adequate Protection of Public

Health and Safety and the Environment

Nuclear Reactor Licensing

Nuclear Reactor Inspection

Fuel Facilities

High-Level Waste

Nuclear Materials Users

Decommissioning and

Low-Level Waste

Spent Fuel Storage and

Transportation

Fuel Facilities

BUSINESS LINES

Nuclear Reactor Safety Nuclear Materials and

Waste Safety Nuclear Reactor Safety lear Materials and

MAJOR PROGRAMS

Safety Security

STRATEGIC GOALS
6 ⎟ Fiscal Year 2011 ⎟ NRC Summary of Performance and Financial Information

n Prevent the occurrence of any releases of 

radioactive materials that result in significant 

radiation exposures. 

n Prevent the occurrence of any 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 NRC used the following safety strategies from 

its Strategic Plan to guide its activities and to 

achieve its Safety goal in FY 2011: 

1. Develop, maintain, and implement licensing 

and regulatory programs for reactors, 

fuel facilities, materials users, spent fuel 

management, uranium recovery, and 

decommissioning activities to ensure the 

adequate protection of public health and safety, 

and the environment. 

2. Continue to oversee the safe operation of 

existing plants while preparing for and 

managing the review of applications for new 

power reactors.

3. Conduct the NRC safety, security, and 

emergency preparedness programs in an 

integrated manner.

4. Improve the NRC’s regulatory programs and 

apply safety-focused research to anticipate and 

resolve safety issues. 

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

to establish, where appropriate, risk-informed 

and performance-based regulations. 

6. Promote focused attention on safety matters 

and individual accountability of those engaged 

in regulated activities.

7. Utilize domestic and international operating 

experience to inform decision-making. 

8. Oversee licensee safety performance through 

inspections, investigations, enforcement, and 

performance assessment activities. 

9. Effectively respond to events at NRC-licensed 

facilities and other events of national interest, 

including maintaining and enhancing 

the NRC’s critical incident response and 

communication capabilities. 

FY 2011 Results

In FY 2011, 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 2011 

(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 2011.

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 2011.
Protecting People and the Environment ⎟ http://www.nrc.gov ⎟ 7

Table 1: SAFETY GOAL PERFORMANCE MEASURE S

Safety Performance Measures 2006 2007 2008 2009 2010 2011

1. Number of new conditions evaluated 

as red by the Reactor Oversight Process is 

≤ 3.

0 0 0 0 0 1

2. Number of significant accident sequence 

precursors of a nuclear reactor accident is 

zero. 

0 0 0 0 0 0

3. Number of operating reactors with 

integrated performance that entered 

the Inspection Manual Chapter 0350 

process, or the multiple/repetitive degraded 

cornerstone column, or the unacceptable 

performance column of the Reactor 

Oversight Process Action Matrix, with 

no performance exceeding Abnormal 

Occurrence Criterion I.D.4 is ≤ 3. 

0 1 0 0 0 2

4. Number of significant adverse trends in 

industry safety performance with no trend 

exceeding the Abnormal Occurrence 

Criterion I.D.4 is ≤ 1.

0 0 0 0 0 0

5. Number of events with radiation exposures 

to the public and occupational workers 

that exceed Abnormal Occurrence 

Criterion I.A. is: 

 

n Reactors: 0 0 0 0 0 0 0

n Materials: ≤ 2 0 0 0 0 0 0

n Waste: 0 0 0 0 0 0 0

6. Number of radiological releases to the 

environment that exceed applicable 

regulatory limits is: 

 

n Reactor: 0 0 0 0 0 0 0

n Materials: ≤ 2 0 0 0 0 0 0

n Waste: 0 0 0 0 0 0 0
8 ⎟ Fiscal Year 2011 ⎟ NRC Summary of Performance and Financial Information

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 Outcome

n Prevent any instances where licensed radioactive 

materials are used domestically in a manner 

hostile to the security of the United States. 

This strategic outcome specifies the condition 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 2011:

1. Use relevant intelligence information and 

security assessments to maintain realistic and 

effective security requirements and mitigation 

measures. 

2. Share security information with appropriate 

stakeholders and international partners. 

3. Oversee licensee security performance through 

inspections and force-on-force exercises. 

4. Control the handling and storage of sensitive 

security information and the communication of 

information to licensees and Federal, State, and 

local partners. 

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 a risk-informed approach to implement 

appropriate regulatory controls for the 

possession, handling, import, export, and 

transshipment of radioactive materials. 

7. Enhance the programs for control of the 

security of radioactive sources and strategic 

special nuclear material commensurate with 

their risk, including enhancements required by 

the Energy Policy Act of 2005.

8. Promote U.S. national security interests and 

nuclear non-proliferation policy objectives for 

NRC-licensed imports and exports of source 

and special nuclear materials and nuclear 

equipment. 

FY 2011 Results

In FY 2011, the NRC achieved its Security goal 

strategic outcome. The NRC also uses five Security 

goal performance measures to determine whether 

the agency has met its Security goal. The agency 

met four of the five performance measure targets in 

FY 2011 (see Table 2). 

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 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.

STRATEGIC GOAL 2: SECURITY

Ensure Adequate Protection in the Secure 

Use and Management of Radioactive Materials
Protecting People and the Environment ⎟ http://www.nrc.gov ⎟ 9

Table 2: SECURITY GOAL PERFORMANCE MEASURE S 

Security Performance Measures 2006 2007 2008 2009 2010 2011

1. Number of unrecovered losses or thefts 

of risk-significant radioactive sources 

is zero.

0 0 0 0 0 1

2. Number of substantiated cases of theft 

or diversion of licensed, risk-significant 

radioactive sources or formula 

quantities of special nuclear material, 

or attacks that result in radiological 

sabotage is zero.

0 0 0 0 0 0

3. Number of substantiated losses of 

formula quantities of special nuclear 

material or substantiated inventory 

discrepancies of formula quantities of 

special nuclear material that are caused 

by theft or diversion or by substantial 

breakdown of the accountability system 

is zero. 

0 0 0 0 0 0

4. Number of substantial breakdowns of 

physical security or material control 

(i.e., access control containment or 

accountability system) that significantly 

weaken the protection against theft, 

diversion, or sabotage is less than or 

equal to one.

0 0 0 0 0 0

5. Number of significant, unauthorized 

disclosures of classified or safeguards 

information is zero.

0 0 0 0 0 0
10 ⎟ Fiscal Year 2011 ⎟ NRC Summary of Performance and Financial Information

There were no losses and one theft of radioactive 

nuclear material that the NRC considered to be 

risk-significant during FY 2011. On July 19, 2011, 

in Austin, TX, the Licensee (Acuren Inspections, 

Inc.) notified the Texas Department of Health 

that a truck had been broken into and that a 

radiography camera transportation container 

holding a QSA Global Model 880 D camera 

with a 33.7-curie iridium-192 source and a 

portable electric generator had been stolen. The 

agency will coordinate and review the increased 

controls applied to these sources and determine 

if additional controls need to be implemented for 

these sources. If changes to the increased controls 

are needed, they will also be considered in the 

ongoing rulemaking for Title 10 of the Code of 

Federal Regulations (10 CFR) Part 37, Physical 

Protections of Byproduct Material.

The second, third, and fourth performance 

measures evaluate the number of significant 

security events and incidents that occur at NRClicensed 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, utilized, 

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 2011.

The last security measure tracks significant 

unauthorized disclosures of classified or safeguards 

information that may cause damage to national 

security or public safety. This measure focuses 

on whether classified information or safeguards 

information is stored and utilized 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 utilize this information. 

There were no documented disclosures of this type 

of information during FY 2011.

Future Challenges

The industry has experienced a substantial 

improvement in safety at nuclear power plants over 

the past 36 years as both the nuclear industry and 

the NRC have gained substantial experience in 

the operation and maintenance of nuclear power 

facilities. Despite its excellent safety record, the 

agency faces key challenges, such as ensuring 

that the new generation of nuclear power plants 

is built and operated safely and ensuring the safe 

disposal of nuclear waste. The NRC will continue 

to identify and address management challenges 

it faces in accomplishing its mission. The NRC’s 

Inspector General has identified its most serious 

management and performance challenges facing 

the agency. These challenges are discussed in 

Chapter 4 of the Performance and Accountability 

Report, beginning on page 105.

Japanese Earthquake Evaluation

The NRC established a special task force in FY 2011 

to conduct a review of its processes and regulations 

in light of the events at the Fukushima Dai-ichi 

Nuclear Power Plant in Japan. The NRC reviewed 

the manner in which it requires licensees to protect 

nuclear power plants from natural disasters. The 

review found that, based on the current regulations 

and nuclear plant capabilities, a sequence of events 
Protecting People and the Environment ⎟ http://www.nrc.gov ⎟ 11

like the Fukushima accident is unlikely to occur in 

the United States. Therefore, continued operation 

and licensing activities do not pose an imminent 

risk to public health and safety. However, the 

review did yield important insights into ways that 

the agency can improve its regulatory processes 

to account for events that exceed the current 

design-basis for natural disasters at nuclear power 

plants. The agency has reviewed the task force 

recommendations within the context of the NRC’s 

existing regulatory framework and considered 

various regulatory vehicles available to the NRC to 

implement the recommendations and will proceed 

based on Commission direction. 

Licensing New Reactors 

Many factors contribute to the growing interest in 

nuclear power, such as rising electricity demand, 

clean-air concerns, performance and reliability 

of existing plants, and a wide range of policies 

included in the Energy Policy Act of 2005 to 

encourage new reactor construction. In addition, 

the DOE loan guarantee program and nuclear 

energy production tax credits for the first 6,000 

megawatts of electricity from new advanced 

reactors, and standby insurance underwritten 

by the Federal Government have influenced the 

renewed interest in nuclear power. Currently, 

the electric industry is pursuing plans to build 

20 reactors based on five standard designs. As 

of June 2011, the NRC is reviewing 12 Combined 

Operating Licenses (COL) applications and 

expects to complete the licensing process for two 

applications in 2012. In an effort to improve 

regulatory efficiency and add greater predictability 

to the process, the NRC established 10 CFR Part 

52, Licenses Certification, Approvals for Nuclear 

Power Plants, that includes the issuance of a 

COL. The NRC approval is necessary before a 

nuclear power plant can be built and operated. 

The NRC maintains oversight of the construction 

and operation of a facility throughout its lifetime 

to ensure compliance with the Commission’s 

regulations for the protection of public health and 

safety, the common defense and security, and the 

environment.

Integrated Spent Fuel Management

The ending of the Yucca Mountain high-level waste 

repository program will require the development 

of a new strategy for managing the Nation’s 

nuclear waste. Although the spent fuel remains 

safe and secure at more than 100 nuclear power 

plant sites, not to mention the spent fuel and highlevel waste already being stored by DOE at other 

locations around the country, the amount of spent 

fuel and high-level waste continues to grow with 

each passing month. All commercially viable 

nuclear fuel cycles contemplate the need for some 

permanent disposal capacity. The Blue Ribbon 

Commission on America’s Future issued its final 

report in January 2012 and the administration will 

consider the Commission’s results as it develops a 

new strategy for nuclear waste management and 

disposal. 

Although the amounts of waste continue to 

increase, one constant is the NRC’s continued focus 

on ensuring safety, security, and environmental 

protection. This mission needs to be accomplished 

regardless of the uncertainties and the variables 

that exist. In response to the recent changes 

in the national program for high-level waste 

management, the NRC has initiated a number of 

actions, including the following:

n evaluation of the technical and regulatory 

requirements to support long-term dry storage 

of spent fuel and deferred transportation of 

spent fuel
12 ⎟ Fiscal Year 2011 ⎟ NRC Summary of Performance and Financial Information

n identification of regulatory gaps and 

development of a regulatory framework for 

reprocessing

n consideration of a revised waste confidence 

rulemaking

n development of revisions to the NRC’s 

regulatory and analytical tools to consider 

alternative waste disposal options. 

Enhancing NRC Effectiveness and Efficiency 

in Business Support Services 

Predicting the level of funding for the NRC’s 

programs over the next several years is difficult. 

However, key factors suggest that the agency 

is entering an era of no growth or declining 

budgets. For the past two years, the NRC’s budget 

has remained essentially flat. Further, with 

concerns over rising Federal spending and debt, 

there is strong congressional interest in reducing 

Government spending. With this fiscal outlook, 

it is essential for the NRC to find ways to improve 

the delivery of business support services, including 

(1) administrative services, (2) human capital, 

(3) financial management (including contract 

management), (4) information management (IM), 

and (5) information technology (IT) in a more 

effective and efficient way, thereby reducing 

operational costs. Consequently, the agency 

undertook a study entitled “Transforming Assets 

into Business Solutions” (TABS), to identify ways 

to optimize business processes, eliminate work 

that is no longer necessary, and reduce duplication 

and overlap. The TABS report presented 

10 recommendations that provide the NRC with 

opportunities to centralize and standardize 

business support processes. The agency is 

currently implementing these recommendations 

to optimize the delivery of services and achieve 

cost savings over the next several years. It will be 

important to have these changes made in a manner 

that avoids disruption and does not compromise 

the agency’s ability to carry out its Safety and 

Security goals effectively.
Protecting People and the Environment ⎟ http://www.nrc.gov ⎟ 13

Inspector General’s Assessment of 

the Most Serious Management 

and Performance Challenges 

Facing NRC

BACKGROUND

The Reports Consolidation Act of 2000 requires the Inspector General (IG) 

of each Federal agency to annually summarize what he or she considers 

to be the most serious management and performance challenges facing 

the 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. In addition, OIG sta 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 2011 list of challenges reflects two changes from the 2010 list. Prior 

Challenge 1, Protection of nuclear material used for civilian purposes, was 

reworded to Oversight of nuclear material used for civilian purposes. This

change was made to more accurately describe NRC’s regulatory oversight role 

relative to nuclear material as NRC does not directly protect nuclear material, 

but provides oversight of licensees who are charged to protect the material.

Prior Challenge 3, Ability to modify regulatory processes to meet a changing 

environment, to include the licensing of new nuclear facilities, was reworded to 
14 ⎟ Fiscal Year 2011 ⎟ NRC Summary of Performance and Financial Information

reflect changing economic conditions for new facility construction, as well as 

ongoing efforts to evaluate post-Fukushima Dai-ichi lessons learned for NRC’s 

oversight of currently operating facilities. Current Challenge 3 now reads Ability 

to modify regulatory processes to meet a changing environment in the oversight 

of nuclear facilities. 

The following chart provides an overview of the seven most serious 

management and performance challenges as of October 1, 2011. 

Most Serious Management and Performance Challenges Facing the Nuclear 

Regulatory Commission as of October 1, 2011*

(as identified by the Inspector General)

Challenge 1 Oversight of nuclear material used for civilian purposes.

Challenge 2 Managing information to balance security with openness and 

accountability.

Challenge 3 Ability to modify regulatory processes to meet a changing 

environment in the oversight of nuclear facilities.

Challenge 4 Oversight of radiological waste.

Challenge 5 Implementation of information technology and information

security measures.

Challenge 6 Administration of all aspects of financial management and 

procurement.

Challenge 7 Managing human capital.

*The most serious management and performance challenges are not 

ranked in any order of importance.

Inspector General’s Assessment of the Most Serious 

Management and Performance Challenges Facing NRC
Protecting People and the Environment ⎟ http://www.nrc.gov ⎟ 15

The agency’s continued progress in taking actions to address the

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. 

challenges presented should facilitate achieving the agency’s mission and

goals. 

Inspector General’s Assessment of 

the Most Serious Management 

and Performance Challenges 

Facing NRC
16 ⎟ Fiscal Year 2011 ⎟ NRC Summary of Performance and Financial Information

A Message from the Chief Financial Officer

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

Regulatory Commission (NRC) Fiscal Year (FY) 2011 Summary of Performance 

and Financial Information extracted from the complete financial statements 

presented in the FY 2011 Performance and Accountability Report. For the eighth 

consecutive year, an independent auditor has rendered an unqualified opinion on 

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

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

significant deficiencies.

FY 2011 was financially challenging for the NRC. On October 1, 2010, the NRC 

successfully transitioned from our legacy core financial system that consisted of 

five stand-alone systems with nine subsystems to an externally hosted integrated core financial system. 

However, production challenges with the new system delayed issuing reports from the cost accounting 

and fee billing modules, necessitating enhanced administrative controls to ensure data quality for 

financial operations and reporting. Additionally, the NRC budget execution was challenged during the 

year by emerging work associated with the agency response to the nuclear accident in Japan during the 

period of extended Continuing Resolution Appropriations. Agency actions were successful in meeting 

mission needs and maintaining a clean opinion on our financial statements, but some of our planned 

financial system improvements were delayed.

In FY 2012, we expect the challenging financial situation to continue as we adjust agency workload to 

implement the Japan Nuclear Accident Lessons Learned improvements under the Government-wide 

tight budgetary conditions. The NRC plans to continue its financial system modernization to enhance 

financial operations and streamline agency operations. We plan to re-host the core financial system and 

continue development of system enhancements to seamlessly align budget development and execution 

functions. We also plan to modernize our Time and Labor System at the beginning of the fiscal year to 

improve its usability. We will also update the NRC Strategic Plan to set clear high-level direction and 

goals for the agency in accordance with the Government Performance and Results Modernization Act of 

2010. The new Strategic Plan will improve the link between the NRC budget structure and strategies for 

accomplishing our mission.

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 expansion and change requires rigorous stewardship of limited taxpayer resources and 

demands superior financial performance. I am proud of the progress we have 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 9, 2012
Protecting People and the Environment ⎟ http://www.nrc.gov ⎟ 17

Financial Performance 

Overview 

As of September 30, 2011, the financial condition 

of the NRC was sound with respect to having 

sufficient funds to meet program needs, and 

adequate control of these funds was 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 the Office of 

Management and Budget (OMB) Circular A-136, 

Financial Reporting Requirements.

Sources of Funds

The NRC has two appropriations, Salaries and 

Expenses and Office of the Inspector General. 

Funds for both appropriations are available 

until expended. The NRC’s new FY 2011 budget 

authority was $1,054.2 million, which was reduced 

by a $0.3 million rescission of funds, bringing 

the total new budget authority to $1,053.9 million 

(see Figure 2). Of this amount, $1,043.1 million 

was for the Salary and Expenses appropriation, of 

which $9.9 million was derived from the Nuclear 

Waste Fund for activities relating to the Nuclear 

Waste Policy Act of 1982, as amended, and $10.8 

million was for the Office of the Inspector General 

appropriation. This represents a decrease in 

new budget authority of $13.0 million compared 

to FY 2010 ($13.0 million for the Salaries and 

Expenses appropriation and no change for the 

Office of the Inspector General appropriation). 

In addition, $52.6 million from prior-year 

appropriations, $10.9 million from prior-year 

reimbursable work, and $14.5 million for new 

reimbursable work to be performed for others 

were available to obligate in FY 2011. The sum 

of all funds available to obligate for FY 2011 was 

$1,131.9 million, a decrease of $31.9 million from 

the FY 2010 amount of $1,163.8 million. 

The Omnibus Budget Reconciliation Act of 1990, 

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 for FY 2011. The 

projected amount to be received from reactor 

and material fees in FY 2011 was $916.2 million 

after accounting for billing adjustments. The 

NRC collected $911.0 million of the required 

$915.8 million in fees for the year, which represents 

99.5 percent of the 90 percent fee recovery 

requirement.

Uses of Funds by Function 

The NRC incurred obligations of $1,083.5 million 

in FY 2011, which was a decrease of $35.6 million 

over FY 2010 obligations incurred (see Figure 3). 

Approximately 58 percent of obligations were used 

for salaries and benefits. The remaining 42 percent 

Reactor

Fees

IN MILLIONS

Material

Fees

$858.0 $859.7 2010

$53.1 $56.0 $29.0 $9.9

$125.7 $128.3

Nuclear

Waste

General

Fund

$1.1 $0.0

Other

Fees

2011

Figure 2

sources of funds (projected)
18 ⎟ Fiscal Year 2011 ⎟ NRC Summary of Performance and Financial Information

was used to obtain technical assistance for the 

NRC’s principal regulatory programs, to conduct 

confirmatory safety research, to cover operating 

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

printing, security services, supplies, office 

automation, training), to pay for staff travel, and to 

cover reimbursable work. 

The unobligated budget authority available at the 

end of FY 2011 was $48.5 million, a $3.8 million 

increase compared to the FY 2010 amount of 

$44.7 million. Of this $48.5 million, $13.1 million 

was for reimbursable work and $35.4 million was 

available to fund critical NRC needs in FY 2012.

Audit Results

The NRC received an unqualified audit opinion 

on its FY 2011 financial statements and internal 

controls. The auditors found no instances of 

noncompliance or substantial noncompliance with 

laws and regulations during the FY 2011 audit. The 

Summary of the Financial Statement Audit and 

Management Assurances is included on page 30 of 

this report. 

Limitations of the Financial 

Statements

The condensed 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 for Federal 

entities and the formats prescribed by 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. 

Financial Statement 

Highlights

The NRC’s financial statements summarize the 

financial activity and financial position of the 

agency. 

Analysis of the balance 

sheet

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

$545.1 million as of September 30, 2011, a 

decrease of $45.2 million from the end of FY 2010. 

The decrease is primarily due to decreases of 

$30.6 million in Accounts Receivable, Net and 

$25.5 million in the Fund Balance with Treasury, 

offset by a $10.3 million increase in Property & 

Equipment, Net. The assets reported in the NRC’s 

Balance Sheet are summarized in the Condensed 

Balance Sheet on page 29.

Salaries and

Benefits

IN MILLIONS

Travel

$609.9 $624.1 2010

$27.8 $25.7 $10.1 $4.8

$428.9 $471.3

Reimbursable

Work

Contract

Support

2011

Figure 3

uses of funds by function
Protecting People and the Environment ⎟ http://www.nrc.gov ⎟ 19

The Fund Balance with Treasury was 

$394.6 million at September 30, 2011, which 

accounts for 72 percent of total assets. This 

account represents appropriated funds, collected 

license fees, and other funds maintained at the 

U.S. Department of the Treasury (Treasury) to pay 

for current liabilities and to finance authorized 

purchase commitments. The $25.5 million 

decrease in the fund balance is primarily the result 

of a decrease of $28.5 million in the beginning 

balance compared with the prior year. Receipts 

from appropriated funds decreased $13.0 million 

from FY 2010 as a result of new budget authority 

(including a decrease of $19.1 million for the 

Nuclear Waste Fund and a $0.3 million rescission 

of FY 2011 current year funds returned to 

Treasury), offset by $18.0 million for the FY 2010 

rescission of prior-year unobligated funds that were 

returned to Treasury resulting in a net increase of 

$5.0 million in the fund balance. Fees collected, 

and then transferred to Treasury, increased 

$1.4 million over FY 2010, having a net offsetting 

effect on the fund balance. (The revenue generated 

by fees assessed to licensees as required by law is 

sent to 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 $0.3 million and comprised 

primarily of a decrease of $40.2 million in general 

disbursements, offset by increases of $36.3 million 

in salaries and benefits disbursements and 

$2.3 million in grant disbursements.

Accounts receivable consists of amounts owed to 

the NRC by other Federal agencies and the public. 

Accounts Receivable, Net, as of September 30, 2011, 

was $100.3 million, which includes an offsetting 

allowance for doubtful accounts of $4.5 million. 

This is a 23 percent decrease from the FY 2010 

year-end Accounts Receivable, Net, balance of 

$130.9 million. The variance is due to a reduction 

of $30.6 million in accounts receivable for material 

and facilities fees for work performed for licensees, 

primarily due to a process change for invoicing 

inspection fees.

Liabilities. Total liabilities (see Figure 5) were 

$129.6 million as of September 30, 2011, a decrease 

of $30.5 million from the FY 2010 year-end balance 

of $160.1 million. The decrease is primarily due 

to a change in Other Liabilities of $32.8 million, 

resulting from the removal in FY 2011 of a 

contingent liability recorded in FY 2010 of 

$11.8 million for the probable likelihood of an 

adverse outcome of legal claims, and a decrease 

of $17.5 million in accrued funded salaries 

and benefits. 

Liabilities not covered by budgetary resources 

were $58.9 million, representing 45 percent of total 

liabilities. The liabilities not covered by budgetary 

resources in FY 2011 include $49.9 million in 

Figure 4

Asset summary (in Millions)

Other,

$3.7

1%

Property and

Equipment,

Net, $46.5

9%

Fund Balance

with Treasury, $394.6

72%

Accounts

Receivable, Net,

$100.3

18%
20 ⎟ Fiscal Year 2011 ⎟ NRC Summary of Performance and Financial Information

unfunded accrued annual leave included in Other 

Liabilities for the amount of leave earned but not 

yet taken and $9.0 million in accrued and future 

workers’ compensation. Compared to the prior 

year, liabilities not covered by budgetary resources 

showed a decrease of 18 percent from the balance 

of $71.5 million as of September 30, 2010. The 

decrease of $12.6 million is primarily due to 

a contingent liability recorded in FY 2010 of 

$11.8 million that was removed in FY 2011. 

Net Position. The difference between Total 

Assets and Total Liabilities, Net Position, was 

$415.5 million as of September 30, 2011, a decrease 

of $14.7 million from the FY 2010 year-end balance. 

Net Position has two components: Unexpended 

Appropriations and Cumulative Results of 

Operations. Unexpended Appropriations is the 

amount of spending authority granted by Congress 

that remains unused by the agency. Unexpended 

Appropriations was $310.3 million at the end of 

FY 2011, a slight decrease of $1.6 million from 

the prior fiscal year end. Cumulative Results of 

Operations, which represents the cumulative excess 

of financing sources over expenses, decreased 

$13.1 million.

Analysis of the Statement of 

Net Cost

Net costs are gross costs offset by earned revenue. 

The Statement of Net Cost represents the net 

cost of the NRC’s two programs as identified 

in the NRC Annual Performance Plan. The 

purpose of this statement is to link program 

performance to the cost of programs. The 

NRC’s Net Cost of Operations for the year ended 

September 30, 2011, was $208.2 million, which is a 

decrease of $8.8 million over the FY 2010 net cost of 

$217.0 million. Net costs by program are shown in 

the Statement of Net Cost on page 29. 

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

$43.6 million. Gross costs decreased $25.0 million 

in the Nuclear Reactor Safety and Security 

Figure 6

gross costs (in Millions)

Nuclear Reactor

Safety and Security, 

$857.6

78%

Nuclear Materials and 

Waste Safety

and Security,

$239.3

22%

Federal

Employee

Benets,

$7.2

6%

Other 

$79.2

61%

Accounts

Payable,

$43.2

33%

*Other Liabilities: $49.9 Accrued Annual Leave, $9.1 Accrued 

Salaries and Benefits, $10.8 Grants Payable, $9.4 Other.

Figure 5

liabilities summary (in Millions)
Protecting People and the Environment ⎟ http://www.nrc.gov ⎟ 21

program, primarily in the area of the Operating 

Reactor business line. The Nuclear Materials and 

Waste Safety and Security program gross costs 

decreased $18.6 million, primarily due to workload 

changes in the Nuclear Materials Users and HighLevel Waste business lines, offset by increases in 

the Spent Fuel Storage and Transportation business 

line.

Total earned revenue (see Figure 7) at 

September 30, 2011, was $888.7 million, a decrease 

of $34.8 million from the earned revenue for 

the year ended September 30, 2010, which was 

$923.5 million. The decrease is primarily due to a 

reduction of $30.6 million in accounts receivable for 

material and facilities fees due to a process change 

for invoicing inspection fees.

Fees collected (earned primarily in FY 2011) 

and transferred to Treasury during FY 2011 

were $911.0 million, compared to $909.5 million 

for FY 2010. 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 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 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 reports 

the change in net position for the reporting period. 

Net position is affected by changes in its two 

components—Cumulative Results of Operations 

and Unexpended Appropriations. The decrease 

in Net Position of $14.7 million from FY 2010 to 

FY 2011 was due to decreases of $13.1 million in 

Cumulative Results of Operations and $1.6 million 

in Unexpended Appropriations. 

The decrease in Cumulative Results of Operations 

of $13.1 million was primarily due to decreases 

in the beginning balance of $10.1 million and 

in financing sources of $11.8 million, offset 

by $8.8 million in the net cost of operations. 

Financing sources primarily include imputed 

financing costs absorbed by others and 

appropriations used, which are funds consumed, 

reduced by the collection of fees assessed and the 

Nuclear Waste Funding expense. Imputed finance 

costs increased $9.8 million due to a cost recorded 

in FY 2011 of $12.7 million for judgments and 

awards, offset by a decrease of $2.9 million in cost 

for retirement and health benefits. Appropriations 

used decreased $2.5 million from the prior year 

primarily due to a decrease in funds consumed of 

Figure 7

earned revenue (in Millions)

Nuclear Materials 

and Waste Safety

and Security,

$101.9

11%

Nuclear Reactor

Safety and Security, 

$786.8

89%
22 ⎟ Fiscal Year 2011 ⎟ NRC Summary of Performance and Financial Information

$19.6 million, reduced by a decrease in the Nuclear 

Waste Funding expense of $18.6 million, offset 

by an increase in collection of fees assessed of 

$1.5 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 2011, appropriations received of $133.3 million 

consisted of the NRC’s total appropriation of 

$1,053.9 million (including a $0.3 million rescission 

for current year funds), reduced by $911.0 million 

in fee collections returned to Treasury and the 

Nuclear Waste Fund transfer of $9.9 million. 

Appropriations used in FY 2011 totaled 

$134.6 million and consisted of $1,060.2 million 

in funds used, reduced by the collection of 

$911.0 million in fees assessed and Nuclear Waste 

Fund expenses of $14.6 million. The Condensed 

Statement of Changes in Net Position is presented 

on page 30.

MANAGEMENT

ASSURANCE S, SYSTEM S,

CONTROL S, AND LEGAL

COM PLIANCE

This section provides information on the 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. The 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 Regulatory Review 

Service self-assessments, lessons learned oversight 

board activities, agency action review meetings, 

senior leadership meetings, 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 
Protecting People and the Environment ⎟ http://www.nrc.gov ⎟ 23

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.

FY 2011 Integrity Act 

Results

The NRC evaluated its internal control systems for 

the fiscal year ending September 30, 2011. 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 Resp onsibility 

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 

U.S. NUCLEAR REGULATORY COMMISSION

FISCAL YEAR 2011

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, 2011.

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, 2011, 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.

Gregory B. Jaczko

Chairman

U.S. Nuclear Regulatory Commission

November 9, 2011
24 ⎟ Fiscal Year 2011 ⎟ NRC Summary of Performance and Financial Information

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, 2011.

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

testing plan. The agency determined that three 

of the original nine key processes were significant 

enough to include in the testing each year of the 

3-year cycle. The remaining six key processes were 

to be tested once in the 3-year cycle, two each year. 

In FY 2011, 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, 2011, and the evaluation found no material 

weaknesses in design or operation of the internal 

control over financial reporting.

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 and the Improper Payments Elimination 

and Recovery Act of 2010. The purpose of this 

guidance is to reduce improper payments, hold 

agencies accountable for reducing improper 

payments, and increase penalties for contractors 

who fail to disclose improper payments in a timely 

manner. The NRC complied with this guidance by 

incorporating improper payments testing into the 

FY 2011 A-123 Appendix A assessment.

The NRC performed a risk assessment to 

determine which programs would be included 

in the improper payments testing. Based on a 

risk based analysis of susceptibility of payment 

streams to improper payments, management 

determined that the scope of the assessment would 

be limited to commercial payments. The scope of 

the assessment was further refined through the 

identification of 16 potential error conditions that 

would cause a payment to be “improper.” Test 

procedures were developed for each error condition. 

The NRC selected a sample based on a population 

of the commercial payments as of May 31, 2011, 

that were reconciled to the general ledger. A 

statistician extracted a statistically valid sample of 

265 commercial payments totaling $45.4 million. 

This sample of 265 payments covered 3.4 percent of 

commercial payments and 32.7 percent of the total 

dollar value of commercial payments.

The results of testing identified four instances in 

which discounts offered by the contractor were not 

taken, resulting in improper payments of $3,200. 

Extrapolating the errors to the population resulted 

in $26,810 in improper payments and an improper 

payment rate of 0.02 percent for commercial payments in FY 2011. This rate falls well below OMB’s 

significant improper payment threshold of 2.5 percent 

of program outlays and $10 million of all program 

or activity payments made during the fiscal year. 

Therefore, no corrective action plans were required. 

As considered necessary, the NRC may review their 

processes in place for taking discounts.
Protecting People and the Environment ⎟ http://www.nrc.gov ⎟ 25

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 

management 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 systems comply 

with FFMIA and to develop remediation plans for 

systems that do not comply.

fy 2011 ffmia results

As of September 30, 2011, 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 controls, Office 

of the Inspector General audit reports, and the 

results of the agency’s financial management 

system reviews.

Financial Management 

Systems Strategies

The NRC has started a business transformation 

initiative to develop an enterprise-wide financial 

system. The NRC plans to complete the business 

transformation in four distinct phases (or 

implementations). The four phases will cover 

the agency’s core financial, acquisition, time 

and labor, and budget formulation functions 

respectively. The objective is to consolidate and 

automate data and processes within a single 

integrated business solution to make the NRC 

a more transparent, efficient, and effective 

organization. During FY 2010, the first phase of 

the agency’s transformation was completed, and 

five stand-alone legacy core financial systems were 

consolidated with nine subsystems into a new 

commercial-off-the-shelf core financial system. In 

the first quarter of FY 2012, the NRC upgraded 

its commercial-off-the-shelf Human Resources 

Management System (HRMS) for time and labor. 

The new HRMS strengthened data security and 

introduced electronic workflow, eliminating 

paper and therefore reducing yearly costs. In 

FY 2014, the agency’s acquisition function will be 

integrated with the core financial system. After 

FY 2014, the NRC plans to complete our objective 

for an integrated and consolidated enterprise 

financial and acquisitions management system 

by consolidating the agency’s time and labor 

and budget formulation functions with the core 

financial and acquisitions functions.

Prompt Payment

The Prompt Payment Act of 1982, as amended, 

requires Federal agencies to make timely payments 

to vendors for supplies and services, to pay interest 

penalties when payments are made after the due 

date, and to take cash discounts when they are 

economically justified. In FY 2011, the NRC paid 

88.9 percent of the 11,036 invoices subject to the 

Prompt Payment Act on time. The NRC did not 

meet its goal of 98 percent due to the deployment of 

a new accounting system and process changes. The 

NRC incurred $18,692 in interest penalties during 

FY 2011 (see Figure 8). 
26 ⎟ Fiscal Year 2011 ⎟ NRC Summary of Performance and Financial Information

Debt Collection

The Debt Collection Improvement Act of 1996

enhances the ability of the Federal Government 

to service and collect debts. The agency’s goal is 

to maintain the level of delinquent debt owed to 

the NRC at year end to less than 1 percent of its 

annual billings. The NRC did not meet this goal, 

and at the end of FY 2011 delinquent debt was 

$13.7 million (see Figure 9). The NRC also failed to 

refer 100 percent of all eligible debt over 180 days 

delinquent to Treasury for collection. These 

deficiencies are due to the deployment of a new 

accounting system and process changes. The NRC 

is taking steps to correct these deficiencies. 

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 (76 FR 36780, June 22, 2011). 

The fees and charges for the Materials Access 

Authorization Program and Information Access 

Authority Program were also revised to more 

appropriately recognize actual costs. No other 

reviews were completed this year. 

Insp ector General Act of 1978

The NRC has established and continues to maintain 

an excellent record in resolving and implementing 

Office of the Inspector General open audit 

recommendations. This information, as well as data 

concerning disallowed costs determined through 

contract audits conducted by the Defense Contract 

Audit Agency, are included in the NRC’s FY 2011 

Performance and Accountability Report, beginning 

on page 147. That report is available on the NRC 

Website http://www.nrc.gov.

2005 2006 2007 2008 2009 2010 2011

Payment Percentage

Fiscal Year

96% 95% 95% 93% 96% 98% 89%

Figure 8

Prompt payment

2005 2006 2007 2008 2009 2010 2011

In Millions

Fiscal Year

$0.4 $0.5

$1.4

$2.0 $2.1

$2.5

$13.7

Figure 9

delinquent debt
Protecting People and the Environment ⎟ http://www.nrc.gov ⎟ 27

UNITED STATES 

NUCLEAR REGULATORY COMMISSION 

WASHINGTON, D.C. 20555-0001 

OFFICE OF THE 

INSPECTOR GENERAL 

 February 1, 2012 

MEMORANDUM TO: Chairman Jaczko 

FROM: Hubert T. Bell /RA/ 

 Inspector General 

SUBJECT: TRANSMITTAL OF THE INDEPENDENT AUDITOR’S REPORT 

ON THE CONDENSED FINANCIAL STATEMENTS 

(OIG-12-A-08) 

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

Revised, October 27, 2011, 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 

Clifton Gunderson LLP (CG) Auditor’s Report on the Condensed Financial Statements included 

in the Summary Report. 

CG is responsible for the attached unqualified auditor’s opinion, dated November 7, 2011. 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 CG’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 

CG’s work disclosed no instances where CG 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 

inspector general’s transmittal letter
28 ⎟ Fiscal Year 2011 ⎟ NRC Summary of Performance and Financial Information

independent auditor’s report on the condensed 

financial statements

4250 N. Fairfax Drive, Suite 1020 

Arlington, Virginia 22203 

tel: 571.227.9500 

fax: 571.227.9552 

www.cliftoncpa.com

Offices in 17 states and Washington DC

 INDEPENDENT AUDITOR’S REPORT ON THE CONDENSED 

FINANCIAL STATEMENTS

Hubert T. Bell 

Inspector General 

United States Nuclear Regulatory Commission 

The Honorable Gregory B. Jaczko 

Chairman 

United States Nuclear Regulatory Commission 

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

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

budgetary resources (Principal Statements) for the fiscal year 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 7, 2011, we expressed an unqualified opinion on those Principal Statements. 

The financial statements of NRC as of September 30, 2010, were audited by Urbach Kahn & 

Werlin LLP, which practice was acquired by Clifton Gunderson LLP by merger on March 22, 

2010. Urbach Kahn & Werlin LLP’s report dated November 7, 2010, 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 Principal Statements referred to above from 

which it has been derived. 

In accordance with Government Auditing Standards, our report on the Principal 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 year ended 

September 30, 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 7, 2011 
Protecting People and the Environment ⎟ http://www.nrc.gov ⎟ 29

condensed balance sheet* (In Thousands)

As of September 30, 2011 2010

Assets

Fund balance with Treasury $ 394,580 $ 420,080 

Accounts receivable, net 100,296 130,916 

Property and equipment, net 46,542 36,231 

Other 3,722 3,098

Total Assets $ 545,140 $ 590,325 

Liabilities

Accounts payable $ 43,202 $ 40,542 

Federal employee benefits 7,245 7,575 

Other 79,168 112,027 

Total Liabilities 129,615 160,144 

Net Position

Unexpended appropriations 310,332 311,869 

Cumulative results of operations 105,193 118,312 

Total Net Position 415,525 430,181 

Total Liabilities and Net Position $ 545,140 $ 590,325 

condensed financial statements

statement of net cost* (In Thousands) 

For the years ended September 30, 2011 2010

Nuclear Reactor Safety and Security

Gross costs $ 857,569 $ 882,591 

Less: Earned revenue (786,741) (836,303)

Total Net Cost of Nuclear Reactor Safety and Security 70,828 46,288 

Nuclear Materials and Waste Safety and Security

Gross costs 239,350 257,862 

Less: Earned revenue (101,919) (87,178)

Total Net Cost of Nuclear Materials and Waste Safety and Security 137,431 170,684 

Net Cost of Operations $ 208,259 $ 216,972 
30 ⎟ Fiscal Year 2011 ⎟ NRC Summary of Performance and Financial Information

* For the complete set of financial statements and notes, see Chapter 3, “Financial Statements and Auditor’s Report,” 

beginning on page 73 of the FY 2011 Performance and Accountability Report. This report can be accessed on the NRC 

Website http://www.nrc.gov.

** For the complete Summary of Financial Statement Audit and Management Assurances see page 176 of the FY 2011 

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

condensed statement of changes in net position* (In Thousands)

For the years ended September 30, 2011 2010

Cumulative Results of Operations

Beginning Balance $ 118,312 $ 128,359 

Budgetary Financing Sources 144,606 166,113

Other Financing Sources 50,534 40,812

Net Cost of Operations (208,259) (216,972)

Net Change (13,119) (10,047) 

Cumulative Results of Operations $ 105,193 $ 118,312 

Unexpended Appropriations 

Beginning Balance $ 311,869 $ 338,637 

Budgetary Financing Sources (1,537) (26,768)

Total Unexpended Appropriations 310,332 311,869 

Net Position $ 415,525 $ 430,181 

summary of financial statement audit and management 

ass urances**

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

condensed financial statements
Protecting People and the Environment ⎟ http://www.nrc.gov ⎟ 31

bibliographic data sheet

BIBLIOGRAPHIC DATA SHEET

NRC FORM 335

(9-2004)

NRCMD 3.7

U.S. NUCLEAR REGULATORY COMMISSION 1. REPORT NUMBER

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

 and Addendum Numbers, if any.)

NUREG-1542, Vol. 17, Supp. 1

3. DATE REPORT PUBLISHED

MONTH

February

YEAR

2012

4. FIN OR GRANT NUMBER

n/a

2. TITLE AND SUBTITLE

U.S. Nuclear Regulatory Commission

Fiscal Year 2011

Summary of Performance and Financial Information

5. AUTHOR(S)

David Holley, et. al

6. TYPE OF REPORT

Annual

7. PERIOD COVERED (Inclusive Dates)

FY 2011

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

Division of Planning and Budget

Office of the Chief Financial Officer

U.S. Nuclear Regulatory Commission

Washington, DC 20555-0001

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, 

provide name and mailing address.)

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.)

Performance and Accountability Report

FY 2011

PAR

14. SECURITY CLASSIFICATION

13. AVAILABILITY STATEMENT

unlimited

(This Page)

unclassified

(This Report)

unclassified

15. NUMBER OF PAGES

16. PRICE

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

Same as above

The Fiscal Year 2011 NRC Summary of Performance and Financial Information provides performance results and 

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

performance of the agency in achieving its mission and stewardship of its resources.
32 ⎟ Fiscal Year 2011 ⎟ NRC Summary of Performance and Financial Information
Protecting People and the Environment ⎟ http://www.nrc.gov ⎟ 33

NRC Reference Material

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,

Printing and Mail Services Branch

U.S. Nuclear Regulatory Commission

Washington, DC 20555-0001

E- mail: DISTRIBUTI ON@nrc.gov

Facsimile: 301–415–2289

Some publications in the NUREG- series that are posted on the 

NRC’s Website http://www.nrc.gov/reading-rm/doc-collections/

nuregs are updated periodically and may differ from the last 

printed version. Although references to material found on a 

Website 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 of the NRC’s regulations (NUREG- 0750).

AVAILABILITY OF REFERENCE MATERIALS IN

NRC PUBLICATIONS
34 ⎟ Fiscal Year 2011 ⎟ NRC Summary of Performance and Financial Information
Protecting People and the Environment ⎟ http://www.nrc.gov ⎟ 35

FPO 

CD ENVELOPE 

&

CD HERE