Meanwhile, OMB has issued a memo to agencies reminding them that the Federal Activities Inventory Reform (FAIR) Act requires them to submit to OM), by June 30th their, inventories of commercial activities performed by federal employees. OMB Circular A-76, further requires agencies to submit inventories of their inherently governmental activities to OMB.
The memo added that any agency with fewer than 100 full-time employees as of the first day of the fiscal year is exempt from submitting an inventory of commercial activities performed by federal government sources if the agency does not plan to conduct a public-private competition. OMB also exempts such agencies from submitting an inventory of inherently governmental activities. However, if such agencies are considering a public-private competition that may be announced in FYs 2008, 2009, or 2010, they should prepare and submit inventories of their commercial and inherently governmental activities.
