VRS monitors Governmental Accounting Standards Board (GASB) statements and regularly provides guidelines and resources to assist employers in their compliance efforts as well as with other financial reporting requirements. Bookmark this page in your web browser and check it regularly for the latest updates.
Audit Opinions & Disclosure Guidance
To assist employers with financial reporting, VRS is providing GASB schedules and corresponding opinions issued by the state auditor's office. In addition, VRS has developed sample journal entries and sample note disclosures for employers' reference.
GASB 68 Reports With Audit Opinions
- Political Subdivision Retirement Plans
- State Employee Retirement Plan
- Teacher Retirement Plan
- Report on Management’s Assertions related the Census Data for Pension Plans for the Year Ended June 30, 2020
Sample Journal Entries
Sample Note Disclosures
Analysis of 2021 Net Pension Liability
Covered Payroll & Contributions
Gross
Allocated
GASB 68 Reports With Audit Opinions
- Political Subdivision Retirement Plans
- State Employee Retirement Plan
- Teacher Retirement Plan
- Report on Management’s Assertions related the Census Data for Pension Plans for the Year Ended June 30, 2019
Sample Journal Entries
Sample Note Disclosures
Analysis of 2020 Net Pension Liability
Covered Payroll & Contributions
Gross
Allocated
GASB 68 Reports With Audit Opinions
- Political Subdivision Retirement Plans
- State Employee Retirement Plan
- Teacher Retirement Plan
- Report on Management’s Assertions related the Census Data for Pension Plans for the Year Ended June 30, 2018
Sample Journal Entries
Sample Note Disclosures
Analysis of 2019 Net Pension Liability
Covered Payroll & Contributions
Gross
Allocated
GASB 68 Reports With Audit Opinions
- Political Subdivision Retirement Plans
- State Employee Retirement Plan
- Teacher Retirement Plan
- Report on Management's Assertions Related to Census Data for the Year Ended June 30, 2017
Sample Journal Entries
Sample Note Disclosures
Analysis of 2018 Net Pension Liability
Covered Payroll & Contributions
Gross
Allocated
GASB 68 Reports With Audit Opinions
- Political Subdivision Retirement Plans
- State Employee Retirement Plan
- Teacher Retirement Plan
- Report on Management's Assertions Related to Census Data for the Year Ended June 30, 2016