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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.
2023 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.
Report on Management's Assertions
Note Reports, sample journal entries, note disclosures and other documents are for the measurement period ended June 30, 2021, unless otherwise noted.
Health Insurance Credit (HIC)
Download reports, sample journal entries, note disclosures and other documents for the Health Insurance Credit (HIC).
GASB 75 Reports With Audit Opinions
Sample Journal Entries
Sample Note Disclosures
Analysis of Changes in Net OPEB Liability
Covered Payroll & Contributions
Group Life Insurance (GLI)
Download reports, sample journal entries, note disclosures and other documents for Group Life Insurance (GLI).
GASB 75 Reports With Audit Opinions
Sample Journal Entries
Sample Note Disclosures
Analysis of Changes in Net OPEB Liability
Covered Payroll & Contributions
Line of Duty Act (LODA)
Download reports, sample journal entries, note disclosures and other documents for the Line of Duty Act (LODA).
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
Virginia Local Disability Program (VLDP)
Download reports, sample journal entries, note disclosures and other documents for the Virginia Local Disability Program (VLDP).
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
Virginia Sickness & Disability Program (VSDP)
Download reports, sample journal entries, note disclosures and other documents for the Virginia Sickness & Disability Program (VSDP).