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
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