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

VIP: A perfect choice for ARPA funds

Did you know participants in the Virginia Investment Pool can establish as many accounts as they like without any hassle or account fees? That makes VIP an excellent tool to segregate and separately account for your ARPA funds, producing straight-forward, verifiable statements you’ll appreciate at audit time.

Not only that, you’ll take advantage of VIP’s highly competitive yield right up until funds are needed.  Then, execute transfers quickly and securely over VIP’s online interface.

For information on setting up an account, click on this link:  CONTACT US

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.