2019 Audited Financial Statement
VIRGIN ISLANDS PUBLIC BROADCASTING SYSTEM (A Component Unit of the Government of the United States Virgin Islands) INDEPENDENT AUDITORS’ REPORT AND AUDITED FINANCIAL STATEMENTS SEPTEMBER 30, 2019 AND 2018 TABLE OF CONTENTS Independent Auditors’ Report……………………………………………………………………………..1 Management’s Discussion and Analysis………………………………………………………………….4 Financial Statements: Statement of Net Position………………………………………………………………………………10 Statement of Revenues, Expenses and Changes in Net Position………………………………………..11 Statement of Cash Flows…………………………………………………………………………….....12 Notes to the Financial Statements……………………………………………………………………...14 Required Supplementary Information: Schedule of the System’s Proportionate Share of Net Pension Liability………………………………..27 Schedule of the System’s Contributions………………………………………………………………..28 Notes to the Required Supplementary Information…………………………………………………….29 Supplementary Information: Statement of Revenues and Expenses per Division……………………………………………………30 Other Supplementary Information: Independent Auditors’ Report on Internal Control Over Financial Reporting and …
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