ARRA creates new subsidized financing options for local governments, including Recovery Zone Bonds and Build America Bonds. Following are key links for more information.

Recovery Zone Bonds & Build America Bonds:

Executive Order 102 (2009) – Use of Recovery Zone Volume Cap Allocations

IRS Notice 2009-26: Guidance to State & Local Governments on Build America & Recovery Zone Bonds

Recovery Zone Bonds – Presentation by Tina Neal to VML Annual Conference, 10-19-09

 Stimulus Act of 2009 – Presentation by Christopher Kulp to VML Annual Conference, 10-19-09

ARRA Resources:

VML Federal Stimulus News & Links

VACo ARRA News & Links

 

“Questions to Ask About Your Community’s Municipal Bond Financing Options”

A must-read brochure prepared by the National League of Cities. It contains the 7 questions you should ask before issuing municipal debt to avoid some common pitfalls. For a free copy, select “Contact Us,” and ask for the “7 Questions” brochure.

 

The Governmental Accounting Standards Board Explains Statements 43 & 45 (Other Post-Employment Benefits)

Baffled by the new OPEB reporting requirements? Here’s a plain language explanation that tells you everything (and probably more) than you need to know: “A Plain-Language Summary of GASB 43 and 45″

 

Our 5 Favorite Virginia Government Finance Links

If you’re looking for information on finance topics and comparative information on Virginia local governments, these websites should be your first stop:

Virginia Government Finance Officers Association – highlights of the VGFOA website include comprehensive information on GASB 45 (including example accounting entries) and a host of research links on the web.

Radford University Governmental and Nonprofit Assistance Center Performance Measures – contains both financial and non-financial performance measures for Virginia Governments.

UVA Weldon Cooper Center Statistical Abstract – contains a comprehensive directory of state and national government finance resources.

Auditor of Public Accounts Comparative Report – presents comparative financial data for all Virginia counties, cities, towns with a population of 3,500 or more, and towns operating a separate school division.

USA Counties and Metros IN Profile – maintained by STATS Indiana, this site allows you to input counties and cities and conduct your own side-by-side comparison.

 

VACo/VML Pooled OPEB Trust Financial Statement

OPEB Comprehensive Annual Financial Report FY 2009

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