University of Vermont

Cost Accounting Services 

Cost Accounting Standards

What is a Cost Accounting Disclosure Statement?

Federal regulations (Uniform Guidance 200.419)  requires a university, including the University of Vermont, with over $50 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 its cost accounting standards as a business practice to prevent double charging on federally sponsored agreements do not occur.

Last modified July 03 2017 09:45 AM