Cost Accounting Disclosure Statement (DS-2) : Cost Principles : University of Vermont

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Cost Accounting Standards

What is a Cost Accounting Disclosure Statement?

OMB Circular A-21 requires a university, including the University of Vermont, with over $25 million of federal sponsored agreements in a fiscal year to disclose its cost accounting standards in a Cost Accounting Disclosure statement (DS-2). The University's DS-2 articulates what cost types are typically direct charged to sponsored agreements and what costs are included in the University's rates (F&A rates, benefit rates, auxiliary/recharge rates). The federally government expects the University to adhere to our cost accounting standards to ensure that double charging on federally sponsored agreements do not occur.

Last modified January 09 2013 05:57 AM

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What is a Cost Accounting Disclosure Statement?