Virginia Investment Pool Board

The VACo/VML Virginia Investment Pool Trust Fund (VIP) was created in 2013 through the joint exercise of powers of two founding localities: the City of Chesapeake and the City of Roanoke. Similarly, other political subdivisions may authorize participation in VIP through the adoption of ordinances/resolutions.

VIP is governed by a 14-member Board of Trustees, including 12 Treasurers or Chief Investment Officers of participating localities. The remaining two seats are filled on a non-voting, ex officio basis by the Executive Directors of the Virginia Association of Counties (VACo) and the Virginia Municipal League (VML). Voting members include the Treasurers of the two founding localities, who are automatically entitled to representation until the FY 2021 Annual Meeting, and ten Treasurers/Chief Financial Investment Officers elected by participating political subdivisions. Voting at the Annual Meeting is weighted according to each participant’s share of VIP assets. The Board of Trustees is responsible for all aspects of fund management.

VACo/VML Virginia Investment Pool Trust Fund

Board of Trustees – 2016-2017

Fred W. Parker
Chairman, Washington County
Evelyn W. Powers, MGT
Vice Chairman, City of Roanoke
Jody Acosta
City of Falls Church
Barbara O. Carraway, MGT, CPA
City of Chesapeake
Carla de la Pava
Arlington County
Josephine Gilbert
Fairfax County
Leigh Kovacs
 City of Virginia Beach
Michael Longhi
Northern Virginia Transportation Authority
Ellen Minga
Town of Smithfield
Delores Smith
Wise County
Kendel Taylor
City of Alexandria
Valerie Tweedie
Town of Christiansburg
Dean A. Lynch, CAE
Virginia Association of Counties
(ex officio)
Michelle Gowdy
Virginia Municipal League
(ex officio)

 

VIP Board Documents