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.

2022 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 for other post-employment benefits:

Note: Reports, sample journal entries, note disclosures and other documents are for the measurement period ended June 30, 2021, unless otherwise noted.

GASB 75 Reports With Audit Opinions

Sample Journal Entries

Sample Note Disclosures

Analysis of Changes in Net OPEB Liability

Covered Payroll & Contributions

GASB 75 Reports With Audit Opinions

Sample Journal Entries

Sample Note Disclosures

Analysis of Changes in Net OPEB Liability

Covered Payroll & Contributions

GASB 75 Reports With Audit Opinions

Sample Journal Entries

Sample Note Disclosures

Analysis of Changes in Net OPEB Liability and Due Within One Year

Covered Participants & Contributions

GASB 75 Reports With Audit Opinions

  • No audit opinions were prepared for this set of plans.

Sample Journal Entries

Sample Note Disclosures

Analysis of Changes in Net OPEB Liability

Covered Payroll & Contributions

GASB 75 Reports With Audit Opinions

Sample Journal Entries

Sample Note Disclosures

Analysis of Changes in Net OPEB Liability

Covered Payroll & Contributions

Report on Management's Assertions