Financial Services of the Virginia Municipal League and the Virginia Association of Counties.
Financial Policies – What Shape are Yours In?
A comprehensive set of financial policies can guide key governmental decisions on fund balances, borrowing, investing, asset management, and a host of other issues. Let us assist your locality in developing and updating its financial policies. For more information contact us here.
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.
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 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.
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.