VSCPA
Statements of Financial Position & Statements of Activities The following Statements of Financial Position and Statements of Activities reflect the VSCPA’s and VSCPA PAC’s financials for the 2018–2019 fiscal year. The full audited financial statements are available online in the “About the VSCPA” section of vscpa.com. More information on the VSCPA’s 2018–2019 programs and initiatives is available in the “State of the VSCPA” report, also available at vscpa.com/StateoftheVSCPA.
APRIL 30,
2019
2018
ASSETS Current Assets Cash and cash equivalents
$
Trade accounts receivable Investments Prepaid expenses Total current assets
2,447,760 72,339 1,448,142 290,193 4,288,434
$
224,411 1,229,351 5,742,196
Investments Property and equipment — net
1,798,813 179,724 997,357 232,208 3,208,102 1,039,324 1,334,373 5,581,799
LIABILITIES AND NET ASSETS Current Liabilities Accounts payable
$
Accrued expenses Accrued retirement Deferred revenue Deferred compensation Total current liabilities
34,840 206,531 189,889 783,075 190,700 1,405,035
$
21,605 192,616 171,648 849,645 110,000 1,345,514
Net Assets Without donor restrictions: Invested in property and equipment Board designated for facility and technology Board designated for operating expenses Undesignated With donor restrictions (VSCPA PAC) Total net assets
30
DISCLOSURES
•
NOVEMBER/DECEMBER 2019
$
1,229,351 952,175 1,268,284 832,544 4,282,354 54,807 4,337,161 5,742,196
$
1,334,373 826,056 1,100,184 900,777 4,161,390 74,895 4,236,285 5,581,799