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Government Costing

CASB Disclosure Statements

Universities which receive $25 million or more in federal funding during a fiscal year are required to comply with the Cost Accounting Standards Board Disclosure Statement (DS-2) requirements for educational institutions. The DS-2 describes the educational institution and its cost accounting practices.

The DS-2 is required to be revised when the University of Illinois System incurs a change in their accounting practices; however, typically the DS-2 is modified in coordination with the F&A rate proposal process. In addition, the DS-2 is required to be submitted to our Facilities & Administrative cognizant agency, the Office of Naval Research (ONR) and the statement is required to be audited. Federal auditors at the Defense Contract Audit Agency assigned by ONR typically perform the audit of the DS-2.

Urbana-Champaign and Chicago

Government Costing prepares and submits amendments of the Disclosure Statements (DS-2) to the Office of Naval Research as necessary to reflect changes in cost accounting practices as required by the Code of Federal Regulations (Uniform Guidance 2 CFR 200). Amendments are only required when disclosed accounting practices are changed to comply with new or modified standards, or when practices are changed for other reasons.

For further information regarding UIUC's and UIC’s DS-2 original statements and amendments, please refer to Who To Ask and contact Government Costing.


Since the University of Illinois Springfield does not receive more than $25 million in federal funding during a fiscal year a Disclosure Statement (DS-2) is not required at this time.

Last Updated: July 19, 2018

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