Virginia Local Finance

Meeting Notice – IDA of Stafford Co. & Staunton, VA

Robert — Tue, 10 Apr 2012 17:21:50 +0000

The Board of Directors of the Industrial Development Authority of the County of Stafford and the City of Staunton, Virginia will meet on Friday, May 4, 2012, at 11:30 a.m., at Restaurant Pomme, 115 S. Main Street, Gordonsville, VA 22942.

The Board of Directors will receive the FY 2011 Annual Financial Report, consider an extension of the audit services agreement for up to three years, consider approval of a resolution concerning the Fixed Rate Loan Program, and act on such other matters as may come before the meeting.

For additional information, contact:

Steven C. Mulroy, Deputy Director
VML/VACo Finance
919 E. Main Street, Suite 1100
Richmond, VA 23219

(804) 648-0635

Meeting Notice – OPEB Trust

Robert — Wed, 25 Jan 2012 23:08:22 +0000

The Board of Trustees of the VACo/VML Pooled OPEB Trust will meet on Friday, February 2, 2012, 9:30 a.m., at 919 E. Main Street, 24th Floor, Richmond, VA 23219.

The Board of Trustees will consider several items of business, including 1) selection of an International Growth Fund Manager; 2) consideration of policy revisions regarding terminations and withdrawals from the Trust; 3) nominations for the position of Vice Chairman; and such other matters as may come before the meeting.

For additional information, contact:

Steven C. Mulroy, Deputy Director
VML/VACo Finance
919 E. Main Street, Suite 1100
Richmond, VA 23219

(804) 648-0635

2011-12 “Name that Virginia Locality” Champions

Robert — Mon, 19 Dec 2011 21:31:42 +0000

VML/VACo Finance congratulates the many good sports who participated in the “Name That Virginia Locality” trivia championship during the VML and VACo Annual Conferences. The high-scorers of the two conferences — Gary West of Dumfries and Jimmy Burrell of New Kent County — each went home with a $75 Target Gift Card and one year of bragging rights. See you next year!

VML Champs	VACo Champs
1. Gary West – Dumfries	1. Jimmy Burrell – New Kent Co.
2. Rock Racer – Luray	2. Andrew McRoberts – Goochland Co.
3. Rod Shepherd – Mt. Jackson	3. Conrad Helsley – Shenandoah Co.
4. Ed Owens – South Boston	4. Ellen McDaniel – Wythe Co.
5. Barbara Lambert – Wytheville	5. Benny Summerlin – Henry Co.
6. Rebecca Moore – Halifax	6. Mark Vigil – Spotsylvania Co.

VML/VACo Finance Highlighted in Town & City Magazine

Robert — Mon, 19 Dec 2011 20:44:32 +0000

The financial services arm of VML and VACo is expanding. VML/VACo Finance recently added new staff, moved to new offices in downtown Richmond, and now offers 4 low-cost ways to finance. Read about our changes in Town & City magazine.

Position Available: Accounting Services Director

Robert — Fri, 03 Jun 2011 16:28:32 +0000

VML/VACo Finance seeks an experienced accounting professional for a full-time management position within our Accounting Services consulting program. Applicants must have held a financial leadership position, preferably in a local government. Comparable governmental auditing experience is also acceptable. CPAs are encouraged to apply. VML/VACo Finance offers opportunities for professional growth.

This is an excellent opportunity to join a growing organization and to play a leadership role in VML/VACo Finance’s popular Accounting Services program. The applicant should be a highly motivated, self-starting accounting professional with demonstrated management skills. The position entails working in an ongoing management-level staff position as well as filling temporary accounting assignments in the field.

Typical duties may include:

Meeting with local government officials to assess requirements and develop proposals for Accounting Services
Supervising and providing support to accounting staff
Filling interim Finance Director positions that entail management and supervision, planning, interfacing with local officials, and overseeing major financial processes
Analyzing complex financial transactions to resolve outstanding issues
Reconciling various accounts to expected balances, preparing transactions to resolve outages
Assisting clients with year-end accrual entries
Preparing non-routine transactions in areas such as long term debt
Researching and recording fixed asset acquisitions and disposals
Preparing various accounting schedules for review by clients and auditors
Assisting with complex bank and balance sheet reconciliations
Preparing financial statements and notes in accordance with GAAP for governmental entities
Creating financial policies or procedural documentation for routine and non-routine financial transactions

In addition to having leadership experience in a governmental setting (or audit setting with governmental clients), applicants should have: familiarity with governmental GAAP, solid references, and effective communications skills. Experience with multiple municipal finance packages is preferred. Periodic overnight in-state travel is required, usually scheduled in advance. Compensation is commensurate with experience and performance.

Interested persons should submit a confidential resume with references and salary history to info@valocalfinance.org.

Position Available: Accounting Consultant (Part-time)

Robert — Fri, 03 Jun 2011 15:00:53 +0000

Statewide Recruitment

VML/VACo Finance seeks an experienced accountant for temporary or permanent placement with our Accounting Services consulting program. A governmental background is required, preferably in a local setting. Governmental auditing experience is also acceptable. Experience with multiple municipal finance packages is preferred. CPAs or CPA candidates are encouraged to apply. VML/VACo Finance offers opportunities for professional growth.

This is an excellent opportunity for a highly motivated, self-starting accounting professional who seeks challenge and prefers working in flexible and varied assignments. This assignment will also be appealing to those who have retired from a governmental accounting position and would like to continue working with flexible hours as well as those who may be seeking new opportunities. Typically, our Accounting Consultants are able to schedule as many hours as desired.

Due to our geographically diverse clientele, this is a statewide recruitment in which Accounting Consultants may be based anywhere in Virginia. Some overnight travel is required, usually scheduled in advance. Compensation is commensurate with experience.

Typical duties may include:

Analyzing complex financial transactions to resolve outstanding issues
Reconciling various accounts to expected balances, preparing transactions to resolve outages
Assisting clients with year-end accrual entries
Preparing non-routine transactions in areas such as long term debt
Researching and recording fixed asset acquisitions and disposals
Preparing various accounting schedules for review by clients and auditors
Assisting with complex bank and balance sheet reconciliations
Preparing financial statements and notes in accordance with GAAP for governmental entities
Creating financial policies or procedural documentation for routine and non-routine financial transactions

In addition to having experience in a governmental setting (or audit setting with governmental clients), applicants should have: familiarity with governmental GAAP, solid references, and the ability to effectively communicate and interact with clients and auditors.

Interested persons should submit a confidential resume with references and salary history to info@valocalfinance.org.

Meeting Notice – OPEB Trust

Robert — Sat, 26 Mar 2011 15:45:03 +0000

The Board of Trustees of the VACo/VML Pooled OPEB Trust will meet on Friday, June 10, 2011, at 8:15 a.m., at the Virginia Beach Convention Center, Room 3AB, 1000 19th Street, Virginia Beach, VA 23451.

The Committee will interview candidates and make a selection for the position of Investment Consultant and act on such other matters as may come before the meeting.

For additional information, contact:

Robert W. Lauterberg, Managing Director
VML/VACo Finance
919 E. Main Street, Suite 1100
Richmond, VA 23219

(804) 648-0635

BAI (“Bright”) Municipal Software Training Announced

Robert — Mon, 26 Apr 2010 16:33:06 +0000

Does your local government use Bright financial software? Could your staff use more training on its many features? Would you like to learn how to increase your own productivity when you use Bright? In response to repeated requests from our Accounting Services clients, VML/VACo Finance is bringing to Virginia a training specialist from BAI, the developer of Bright. The training will be held at the Goochland County Government Complex, June 15-18, 9:00 a.m. to approximately 4:00 p.m.

Attend one day or all four. We’ve negotiated a special price approximately two-thirds less than BAI’s regular fee. For more information and a registration form, please use this link: Bright Training Registration

VML/VACo Finance Issues Recovery Zone, Build America Bonds

Robert — Wed, 14 Apr 2010 15:47:58 +0000

RICHMOND – VML/VACo Finance closed March 15 on its Recovery Act Bond Pool, comprised of federally-subsidized Recovery Zone and Build America Bonds. Bonds were issued on behalf of 14 Virginia localities.

To learn more, use this link to access Virginia Town & City magazine.

Recovery Act Bond Pool Issuance Team Named

Robert — Sun, 22 Nov 2009 22:05:34 +0000

RICHMOND – The non-profit VML/VACo Finance Program has selected the bond issuance team for its upcoming Recovery Act Bond Pool. The bond pool will include both Recovery Zone Economic Development Bonds, which receive a 45% interest expense subsidy from the federal government, and Build America Bonds, which receive a 35% interest expense subsidy.

The Committee named the firm, Piper Jaffray, as lead underwriter on the bond issue. The firm ranks among the top five underwriters in the United States for long-term new issue municipal bonds as well as for Build America Bonds.

The Committee also named the firm, Hunton & Williams, to serve as bond counsel. Based in Richmond, the law firm has represented more than 900 bond issuers and has served as bond counsel or underwriter’s counsel in 32 states. During 2009, Hunton & Williams served as bond counsel and assisted a number of clients in executing transactions utilizing the bond structures authorized in the American Revitalization and Recovery Act.

Another key member of the bond issuance team is the law firm, Hawkins, Delafield & Wood, which is serving as underwriter’s counsel. With 88 attorneys engaged in public finance and municipal contracting, the New York-based firm has the largest public finance practice in the United States.

With the bond issuance team now in place, VML/VACo Finance is proceeding with the issuance of two pools of Recovery Zone Economic Development Bonds and Build America Bonds on behalf of 14 local governments. The planned bond sale date is March 2, 2010. Local governments that received an original Recovery Zone allocation from the U.S. Treasury Department are required to issue bonds by March 15, 2010 under the Virginia Governor’s Executive Order 102 (2009).

In addition to assisting localities in meeting this deadline, VML/VACo Finance also coordinated requests from local governments – including those that did not receive an original allocation – for new or additional allocations. Governor McDonnell and former Governor Kaine provided additional allocations to eight of the local governments whose requests were submitted by VML/VACo Finance.

Links to further information on Executive Order 102 (2009), Recovery Zone Economic Development Bonds (for public projects), Build America Bonds, and the upcoming Recovery Act Bond Pool is available on this website at the “Resources & Links” tab.