Financial Services of the Virginia Municipal League and the Virginia Association of Counties.

Manage your ARPA funds with a designated account in VIP

The Virginia Investment Pool’s Stable NAV Liquidity Pool is an ideal choice for holding funds from the American Rescue Plan Act (ARPA).  Establishing a segregated account makes it easier to track and account for ARPA funds, at no charge.  There’s also no minimum balance requirement.  Take advantage of our AAAm rated Stable NAV Liquidity Pool which offers easy access through a secure, online transaction portal and a competitive yield.

VML/VACo Finance also offers Accounting Services to help track your funds in compliance with state and federal requirements.

Contact Trey Amend at 804-648-0635 or tamend@valocalfinance.org for more information.  Or, click here to send us your contact information and we’ll get back to you quickly.

Financing & Municipal Advisory Services

Since 2003, VML/VACo Finance has assisted Virginia local governments and authorities in financing more than $1 billion in capital projects and equipment. As an MSRB-registered Municipal Advisor, we help you select the lowest-cost source of financing best suited for your unique requirements. We assist local officials with municipal bonds, bank loans, state loan programs, equipment leasing, and two low-cost programs, exclusive to VML/VACo Finance, with no program closing costs.

VACo/VML Pooled OPEB Trust

The Virginia Pooled OPEB Trust Fund is the largest OPEB investment pool in the U.S. With more than $1 billion in assets, we’re the #1 choice of Virginia localities and authorities looking to invest in a professionally-managed, high earning trust to offset their OPEB liabilities.

VIP – The Virginia Investment Pool

VIP is an investment pool designed by local Treasurers and chief investment officers specifically for Virginia local governments and authorities. Whether you are looking for a stable value fund for day-to-day cash flow requirements or a fund with a longer investment horizon and higher expected return, we have you covered. As of FY 2020, VIP had invested assets of $1.6 billion.

Accounting Services

VML/VACo Finance places seasoned accountants in a variety of local assignments. We assist localities with pre-audit support, supplementing local finance staffs, and filling vacant positions on an interim basis. VML/VACo recently led the accounting team on a major municipal turnaround effort that enabled a locality to catch-up on its seriously past-due financial statements and obtain a clean audit opinion.