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Government Costing

University Government Costing

University Government Costing is a System Office under the Office of Business and Financial Services.  The department supports all three universities in the calculation and negotiation of rates applicable to sponsored projects.  The department’s responsibilities include, but are not limited to the following: 

 

Primary Government Costing Responsibilities

  • Facilities & Administrative Rate Development, Audit, and Negotiation
  • Tuition Remission Rate Development, Audit, and Negotiation
  • Fringe Benefit Rate Development, Audit, and Negotiation
  • University Communications regarding Rates
  • Service Activity Rate Reviews, Calculations, Training, and Monitoring
  • Cost Accounting Standards Board Disclosure Statement (DS-2)
  • Higher Education Research & Development Survey (HERD)*
  • Various Costing Policies and Procedures
  • University Liaison for Major Costing Initiatives (steering committee, etc.)

 

The work of this office is heavily regulated and scrutinized by various auditing entities, including the Department of Defense Contract Audit Agency (DCAA), Federal Offices of Inspector Generals, and as part of the University Single A-133 Audit. Proper costing avoids heavy federal audit penalties and positively impacts the working relationship of this university with our federal partners.

 

*Currently the UIC HERD is completed by the UIC Office of Grants & Contracts.

Last Updated: June 7, 2018

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