A DS-2 is required for all entities receiving how much in federal awards annually?

The requirement for a DS-2 (formerly known as the "Disclosure Statement") pertains specifically to entities that are involved in federal awards and funding. According to the guidelines established by the federal government, entities that receive $25 million or more in federal awards within a fiscal year must submit a DS-2. This document essentially provides transparency regarding the entity's financial management practices and helps ensure compliance with federal regulations.

This requirement is important to promote accountability and proper use of public funds by organizations that handle large sums of taxpayer money. By setting the threshold at $25 million, the government aims to ensure that significant recipients of federal funding adhere to rigorous standards of financial reporting and management, which ultimately serves to protect the integrity of the federal funding process.

The other amounts listed, such as $20 million, $30 million, and $50 million, do not align with the established threshold for the DS-2 requirement, which underscores the importance of understanding this specific cutoff for compliance with federal regulations.