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.
2023 Documents
GASB 68 Reports With Audit Opinions
- Political Subdivision Retirement Plans
- State Employee Retirement Plan
- Teacher Retirement Plan
- Management's Assertions Related to Census Data for Pension Plans (Year Ended June 30, 2021)
Sample Journal Entries
Sample Note Disclosures
Analysis of 2022 Net Pension Liability
Covered Payroll & Contributions
Gross Allocated2022 Documents
GASB 68 Reports With Audit Opinions
- Political Subdivision Retirement Plans
- State Employee Retirement Plan
- Teacher Retirement Plan
- Management's Assertions Related to Census Data for Pension Plans (Year Ended June 30, 2020)
Sample Journal Entries
Sample Note Disclosures
Analysis of 2021 Net Pension Liability
Covered Payroll & Contributions
Gross Allocated2021 Documents
GASB 68 Reports With Audit Opinions
- Political Subdivision Retirement Plans
- State Employee Retirement Plan
- Teacher Retirement Plan
- Management's Assertions Related to Census Data for Pension Plans (Year Ended June 30, 2019)
Sample Journal Entries
Sample Note Disclosures
Analysis of 2020 Net Pension Liability
Covered Payroll & Contributions
Gross Allocated2020 Documents
GASB 68 Reports With Audit Opinions
- Political Subdivision Retirement Plans
- State Employee Retirement Plan
- Teacher Retirement Plan
- Management's Assertions Related to Census Data for Pension Plans (Year Ended June 30, 2018)
Sample Journal Entries
Sample Note Disclosures
Analysis of 2019 Net Pension Liability
Covered Payroll & Contributions
Gross Allocated2019 Documents
GASB 68 Reports With Audit Opinions
- Political Subdivision Retirement Plans
- State Employee Retirement Plan
- Teacher Retirement Plan
- Management's Assertions Related to Census Data for Pension Plans (Year Ended June 30, 2017)