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For the 13th consecutive year, NASA received an unmodified, or “clean,” opinion from an external auditor on its fiscal year 2023 financial statements.
NASA’s financial statements and budgetary reporting have received the highest possible audit opinion, certifying that it adheres to Generally Accepted Accounting Principles for federal agencies. These financial statements provide a comprehensive overview of the agency’s financial activities and disclosures for fiscal years 2023 and 2022. The audit opinion reaffirms NASA’s responsible stewardship of American tax dollars.
“For the 13th consecutive year, NASA continues to deliver an accurate and transparent report of our fiscal operations as we explore the unknown in air and space,” said NASA Administrator Bill Nelson. “Under the leadership of NASA’s Chief Financial Officer Margaret Vo Schaus, NASA will continue to uphold the American public’s trust in our goals and missions and ensure best financial reporting practices, which are critical to the agency’s success.”
In addition to the independent auditor’s opinion, the Agency Financial Report includes crucial supplementary information and preliminary top-level performance results, among other essential details.
“NASA continues to uphold the highest standards for prudent financial management, data integrity, and reliable financial reporting,” said NASA Chief Financial Officer Margaret Vo Schaus. “Our Agency Financial Report provides valuable insights into NASA’s financial performance as we further U.S. leadership in space and aeronautics; address the climate crisis; foster greater diversity, equity, inclusion, and accessibility; and drive economic growth.”
The 2023 Agency Financial Report accounts for the agency’s mission and performance goals per its strategic plan and highlights the benefits it brings to all. The report details NASA’s advancements in achieving its long-term priorities, such as the utilization of NASA’s James Webb Space Telescope; advancing climate change research; securing America’s position in space technology; and accomplishing the historic feat of landing the first woman and person of color on the Moon through the Artemis program, as a step towards human exploration of Mars.
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Last Updated Nov 15, 2023 Location NASA Headquarters Related Terms
Office of the Chief Financial Officer (OCFO) View the full article
We take an active role in limiting our impacts on the environment and being responsible for the environmental quality of our community. Management support and grassroots efforts have helped to educate employees about environmental concerns, encourage our site’s involvement in sustainability activities, and embrace and implement employee ideas.
This support has led to a facility-wide culture of environmental awareness and sustainability that reaches across our site. Waste minimization projects, innovative technologies, sustainable acquisition, recycling activities, and other “green” initiatives have become routine site procedures.
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NASA Concludes Significant Technical Challenge: In-Time Terminal Area Risk Management
NASA’s System-Wide Safety project is working towards achieving NASA’s vision for safe, efficient skies.Busakorn Pongparnit Operations within the National Airspace System continue to grow in scale and complexity. As a result, causal factors of risks and hazards are increasingly complex and drive the need to transform the way we conduct risk management and safety assurance.
NASA’s System-Wide Safety (SWS) project recently commemorated the completion of a major step towards that transformation with an engaging hybrid event reflecting on the completion of its Technical Challenge 1 (TC-1): In-Time Terminal Area Risk Management.
The event highlighted key takeaways, provided technology demonstrations, and engaged stakeholders and partners in conversations around the myriad of capabilities and opportunities made possible by the tools, techniques, and processes developed under the technical challenge.
Speakers from NASA, the Federal Aviation Administration (FAA), airlines, and the aviation industry at large discussed how to best leverage TC-1 capabilities as the safety foundation of this new era of commercial aviation.
New technologies developed in TC-1 identify emerging risks and monitor safety margins before an accident occurs – not after. Powered by prognostic and predictive risk assessment algorithms and human factors research, TC-1 work will both improve today’s safety management systems and help us shape future operational systems.
Nikunj Oza, subproject manager for TC-1, speaks at the closeout event.NASA Through TC-1, NASA and its partners have developed and demonstrated:
Methods to improve risk management and safety assurance processes by proactively identifying risks and causal factors before an accident/incident occurs. Integrated risk assessment capabilities to monitor and assess terminal area operations based on advanced data analytics methods and predictive model development. Machine Learning Analytics Tools, in collaboration with our partners, that identify and characterize operational risks, monitor, and integrate data, evaluate risk mitigation strategies, and determine causal and contributing factors. TC-1’s findings are the bedrock of the rest of the SWS technical challenges. They pave the way for a new technical challenge (TC-6) that seeks to expand on the work completed thus far and address the call to action set forth by the FAA to address safety challenges facing the transforming aviation industry.
SWS extends sincere appreciation to TC-1’s subproject managers, Nikunj Oza and Chad Stephens, and to Abigail Glenn-Chase for coordinating such an impactful event.
A recording of the event is available below.
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