About VML/VACo Finance

VML/VACo Finance was established in 2003 by the Virginia Municipal League (VML) and Virginia Association of Counties (VACo) to address many of the financial needs of Cities, Counties, Towns, School Divisions, and Authorities in the Commonwealth of Virginia. We pool the resources of local governments in order to provide superior financial services at lower cost. Our programs are designed to benefit governmental entities of every size and financial strength, including the entire range of local governments represented within the memberships of VML and VACo, as well as the school divisions, authorities, and other governmental entities that provide essential services to their constituents.

VML/VACo Finance has made over $1.0 billion in governmental loans, manages over $5.0 billion in invested assets, and has served nearly 300 political subdivisions.

Participants to Date

A

Abingdon

Accomack County

Accomack-Northampton PDC

Accomack-Northampton Redev & Housing Authority

Albemarle County

Alexandria

Alexandria City Public Schools

Alexandria Renew Enterprises

Alleghany County Public Schools

Amelia County

Amelia County Public Schools

Amherst

Amherst County

Appalachia

Appomattox County

Appomattox County Public Schools

Arlington County

Ashland

B

Bath County

Bedford

Bedford Regional Water Authority

Big Stone Gap

Big Stone Gap Redev & Housing Auth

Blacksburg

Blackstone

Bland County Public Schools

Bluefield

Boones Mill

Bowling Green

Boydton

Bridgewater

Bristol

Brunswick County

Brunswick County Public Schools

BVU Authority

C

Campbell County

Cape Charles

Capital Region Airport Commission

Caroline County

Caroline County Public Schools

Carroll County

Central Shenandoah Planning District Commission

Central Virginia Planning District Commission

Central Virginia Regional Jail

Central Virginia Waste Management Authority

Charles City County

Charlotte County

Charlottesville

Chase City

Chatham

Chesapeake

Chesapeake Public Schools

Chesterfield County

Chesterfield County Public Schools

Christiansburg

Clarke County

Colonial Beach

Colonial Community Services Board

Covington

Craig County

Crater Criminal Justice Academy

Crewe

Culpeper

Culpeper County

Cumberland County

D

Damascus

Danville-Pittsylvania Community Services

Dayton

Dickenson County Public Schools

Dickenson County Social Services

Dinwiddie County

Dinwiddie County Public Schools

Dublin

Dumfries

E

Economic Development Authority of Patrick County

Elkton

Emporia

Exmore

F

Fairfax County

Fairfax County Public Schools

Falls Church

Fauquier County

Floyd County

Fluvanna County

Franklin

Franklin City Schools

Franklin County

Frederick County Sanitation Authority

Fredericksburg

Fredericksburg City Schools

Front Royal

G

Galax

Gate City

Giles County

Giles County Public Schools

Giles County Public Service Authority

Glade Spring

Glasgow

Gloucester County

Goochland County

Gordonsville

Grayson County

Greene County

H

Halifax

Halifax County

Hamilton

Hampton Roads Criminal Justice Academy

Hampton Roads Planning District Commission

Hampton Roads Regional Jail

Hampton Roads Sanitation District

Harrisonburg Electric Commission

Harrisonburg Rockingham Community Svcs

Harrisonburg Rockingham RSA

Haymarket

Health Care Commission of Chesterfield Co.

Henrico County

Henry County

Henry County Public Service Authority

Henry County Public Schools

Henry County/Martinsville Social Services

Herndon

Highlands Community Services Board

Hillsville

Hopewell

Horizon Behavioral Health

I

IDA of Stafford County & Staunton, VA

IDA of Washington County

Isle of Wight

Isle of Wight Public Schools

J

K

Kenbridge

Kilmarnock

King & Queen County

King & Queen County Public Schools

King & Queen County EDA

King George County Public Schools

King William County

King William County Public Schools

L

Lancaster County

Lawrenceville

Lee County

Lee County Public Schools

Lee County Social Services

Leesburg

Lexington

Loudoun County

Loudoun Water

Louisa

Louisa County

Louisa County Water Authority

Lovettsville

Lunenburg County Public Schools

M

Madison County

Manassas

Manassas Park

Mathews County

Matthews County IDA

Mathews County Public Schools

Mecklenburg County

Mecklenburg County Public Schools

Middle Peninsula Northern Neck CSB

Middle Peninsula Regional Airport

Middleburg

Middlesex County

Middlesex County Public Schools

Montgomery County

Montgomery County Public Schools

Montgomery Regional Solid Waste Auth

Mt. Rogers Community Services Board

N

Nelson County

Nelson County Public Schools

Nelson County Service Authority

New Kent County

New River Valley 911

New River Valley Community Services

New River Valley Jail Authority

Newport News Public Schools

Newport News Redevelopment & Housing

Northern Virginia Regional Commission

Northern Virginia Transportation Authority

Northumberland County

Northumberland County Public Schools

Northwestern Community Services Board

Northern Shenandoah Valley Regional Commission

Norton

O

Occoquan

Onancock

Orange

Orange County

P

Page County

Patrick County

Pearisburg

Pennington Gap

Petersburg

Poquoson

Portsmouth

Portsmouth Public Schools

Powhatan County

Prince George County

Prince William County Public Schools

Prince William County Service Authority

Pulaski

Pulaski County

Purcellville

Q

R

Radford City Public Schools

Rapidan Service Authority

Rappahannock Area Community Services

Rappahannock County

Rappahannock Juvenile Center

Rappahannock Rapidan Community Services Board

Rappahannock Rapidan Regional Commission

Rapphannock Regional Jail Authority

Region 2000

Remington

Richmond

Richmond Behavioral Health Authority

Richmond County

Richmond County Public Schools

Richmond Metropolitan Transportation Authority

Rivanna Water & Sewer Authority

Roanoke

Roanoke County

Roanoke County Public Schools

Roanoke Regional Airport Commission

Rockbridge County

Rockingham County

Rocky Mount

Round Hill

Rural Retreat

S

Saint Paul

Salem

Salem City Schools

Scott County Public Service Authority

Scottsville

Smithfield

Smyth Washington Industrial Facilities Authority

South Boston

South Hill

Southampton County

Southeastern Cooperative Educ Progs

Southeastern Public Service Authority

Southwest Virginia Regional Jail

Spotsylvania County

Spotsylvania County Public Schools

Stafford County

Stafford County Public Schools

Staunton

Suffolk

Suffolk City Public Schools

Surry County

Sussex County

T

Tappahannock

Tazewell

Tazewell County

Tazewell County Public Service Authority

Thomas Jefferson Planning District Commission

U

University of Mary Washington

Urbanna

V

Victoria

Vienna

Vinton

Virginia Beach

Virginia Beach City Public Schools

Virginia Tech

Virginia’s First Regional Industrial Facilities Authority

W

Wachapreague

Warren County

Warrenton

Warsaw

Washington County

Washington County IDA

Washington Metropolitan Area Transit Authority

Waynesboro

West Piedmont Planning District Commission

Western Tidewater Regional Jail

Western Virginia Water Authority

Westmoreland County

Westmoreland County Public Schools

Williamsburg-James City County Public Schools

Winchester Parking Authority

Windsor

Wise

Wise County

Wise County Public Service Authority

Woodstock

Wythe County

Wytheville

X

Y

York County

York County School Division

Z

Virginia Local Government Finance Corporation Board of Directors

VML/VACo Finance is incorporated in the Commonwealth of Virginia as the Virginia Local Government Finance Corporation (VLGFC), a Virginia not-for-profit corporation. VLGFC is the program administrator for all of VML/VACo Finance’s programs including the VACo/VML Pooled OPEB Trust and the Virginia Investment Pool, which are governmental trusts established by their participating local governments. The VLGFC Board of Directors is the governing body for VML/VACo Finance, charged with developing and managing programs, selecting service providers, and establishing program rules fees, and timetables. The Board of Directors is composed of eleven members nominated by the leadership of VML and VACo. Hefty & Wiley, P.C. is General Counsel. Spotts Fain PC serves as bond counsel.

Virginia Local Government Finance Corporation Board of Directors

2023-2024

Deborah Kendall (President)	Town of Gordonsville
Doug Stanley (Vice President)	County of Prince Edward
Jennifer Bell	City of Lexington
Michelle Gowdy	Virginia Municipal League
Taylor Harvie	Amelia County
Michael Hamp	City of Waynesboro
Dean Lynch	Virginia Assoc. of Counties
Mike Mason	Accomack County
Michael Norris	IDA of Stafford Co. & Staunton
Andrea Light	Stafford County
Leslie Beauregard	City of Staunton

For VLGFC Directors

VML/VACo Finance Staff

Robert W. Lauterberg, Managing Director

B.S., University of Florida; M.B.A., The George Washington University

Previous: Executive Director, Virginia Resources Authority; Director, Virginia Department of Planning and Budget; Private sector strategic planning

Related: Municipal Advisor Representative (Series 50); National League of Cities Public Finance Consortium, past chair; Virginia Commission on Local Government

Steven C. Mulroy, Managing Director

B.S., Villanova University; M.B.A., New York University

Previous: Private sector investment banking, financial advisor

Related: Municipal Advisor Representative (Series 50); Municipal Advisor Principal (Series 54); National League of Cities Public Finance Consortium, founding member; Chartered Financial Analyst Level 1 exam; Richmond Metropolitan Transportation Authority

Kevin R. Stoudt, CFA; Director of Investments

B.A., Gettysburg College; M.B.A. Wake Forest University

Previous: Director of Private Investments, Spider Management Company; Consulting Associate

Related: Chartered Financial Analyst

Christine L. Lopilato, Controller

B.A., Mary Baldwin College; M.B.A., Virginia Tech

Previous: Director of Finance, Virginia Department of Education; Director of Finance, Virginia Department of Fire Programs; Private sector finance manager/controller

Related: Certified Government Financial Manager (CGFM)

John B. Montoro, Director, Accounting Services

B.A., University of Virginia

Previous: Private sector accounting consulting and CFO; Audit Partner & Director of Government Services, Cherry Bekaert

Related: Certified Public Accountant

Joshua D. U. Poole, Accounting Consultant/Financial Analyst

B.S., Bob Jones University

Previous: Private sector financial consulting, municipal bond analyst

Related: Municipal Advisor Representative (Series 50)

George E. Moore IV, Investment Operations Analyst

B.S., Longwood University

Previous: Sr. Treasury Analyst, Investure; Portfolio and Operations Manager, Concord Asset Management; Analyst, Caprin Asset Management

David C. McQuillen, Senior Financial Analyst / Municipal Advisor

B.A., University of Virginia

Previous: Pricing Analyst, Senior, Allianz Technology of America: Treasury Analyst, EagleBank

Related: Municipal Advisor Representative (Series 50)

Magdalena M. Flisiak, Client Relations/Accountant

Bachelor’s and Master’s Degree in Finance & Banking, University of Economics, Wroclaw, Poland

Previous: Private sector Accountant Manager, Fiscal Specialist

Related: Post-graduate study in Auditing & Financial Control