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 2020–2021 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 2020–2021 programs and initiatives is available in the “State of the VSCPA” report, also at vscpa.com/StateoftheVSCPA.
APRIL 30,
2021
2020
ASSETS Assets Cash and cash equivalents
$
Trade accounts receivable Other receivables Investments Prepaid expenses Property and equipment – net Total assets
2,848,164 55,173 107,497 1,993,235 229,277 2,456,953 7,690,299
$
1,592,392 109,441 1,582,997 291,733 2,108,698 5,685,261
519,300 30,041 289,239 403,831 1,066,298 197,251 2,505,960
$
20,311 243,197 244,401 494,485 194,662 1,197,056
LIABILITIES AND NET ASSETS Liabilities Paycheck Protection Program Loan Accounts payable Accrued expenses Deferred compensation Deferred revenue Accrued retirement Total liabilities
$
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
32
DISCLOSURES
•
FALL 2021
2,456,953 780,277 1,021,791 863,175 5,122,196 62,143 5,184,339 $ 7,690,299
$
2,108,698 697,805 949,452 688,703 4,444,658 43,547 4,488,205 5,685,261
