2024-03-01T07:31:00-05:00 2023-06-30 541896113 ROBINSON FARMER COX ASSOCIATES 401 SOUTHLAKE BLVD RICHMOND VA 23236 990 2022-07-01 201351659 VIRGINIA LOCAL GOVERNMENT FINANCE CORPORATION VIRG 8046480635 8 E CANAL STREET RICHMOND VA 23219 CHRISTINE L LOPILATO SECRETARY 8046480635 2023-01-24 TAYLOR BRYANT XXX-XX-XXXX true JUSTON J SANUDO P01642649 8043784200 2024-03-01 2022 2023-04-26 12:10:37Z VMLVACO FINANCE ROBERT W LAUTERBERG 8 E CANAL STREET RICHMOND VA 23219 2367073 false X VALOCALFINANCE.ORG X 2003 VA TO ADMINISTER A PROGRAM ESTABLISHED AND SPONSORED BY THE VIRGINIA MUNICIPAL LEAGUE AND VIRGINIA ASSOCIATION OF COUNTIES WHICH PROVIDES FINANCIAL SERVICES TO LOCAL GOVERNMENT ENTITIES IN THE COMMONWEALTH OF VIRGINIA. 11 11 0 0 0 2462367 2353258 4007 13815 0 2466374 2367073 0 0 0 0 0 2492203 2438740 2492203 2438740 -25829 -71667 1419903 1353084 553589 557913 866314 795171 X TO ADMINISTER A PROGRAM ESTABLISHED AND SPONSORED BY THE VIRGINIA MUNICIPAL LEAGUE AND VIRGINIA ASSOCIATION OF COUNTIES WHICH PROVIDES FINANCIAL SERVICES TO LOCAL GOVERNMENTAL ENTITIES IN THE COMMONWEALTH OF VIRGINIA. VLGFC OFFERS FINANCIAL-RELATED SERVICES ON A POOLED BASIS AND ALSO WHERE OPPORTUNITIES EXIST TO ACHIEVE ECONOMIES OF SCALE, THEREBY ENABLING LOCAL GOVERNMENTS TO OBTAIN HIGH QUALITY SERVICES AT RELATIVELY LOW COST. false false 1563161 1655918 AS OF JUNE 30, 2023 THE POOLED OPEB TRUST FUND MANAGED INVESTMENTS IN TWO SEPARATE PORTFOLIOS WITH NET ASSETS TOTALING 1.7 BILLION. AS OF JUNE 30, 2023 THE VIRGINIA INVESTMENT POOL MANAGED INVESTMENTS FOR A STABLE VALUE FUND AND A HIGH QUALITY BOND FUND WITH NET ASSETS TOTALING 2.7 BILLION. 400912 394633 PROVIDE ACCOUNTING STAFF SUPPORT TO LOCAL GOVERNMENTS IN ORDER TO PROMOTE TRANSPARENCY AND CONFORMANCE WITH GOVERNMENTAL ACCOUNTING STANDARDS. VLGFC PROVIDED ACCOUNTING SERVICES TO 15 LOCAL GOVERNMENTS IN FY23. 174549 251832 PROVIDE FINANCING-RELATED MUNICIPAL ADVISORY SERVICES IN ORDER TO PROMOTE LOCAL TRANSPARENCY AND SOUND FINANCIAL MANAGEMENT PRACTICES. FINANCING & MUNICIPAL ADVISORY INCLUDES FACILITATING THE ISSUANCE OF MUNICIPAL NOTES, BANK LOANS, AND EQUIPMENT LEASES FOR PUBLIC PURPOSE EVENTS; AND PROVIDING ADVISORY SERVICES FOR FINANCIAL POLICIES. VLGFC PROVIDED FINANCING & MUNICIPAL ADVISORY SERVICES FOR 18 POLITICAL SUBDIVISIONS. 57473 50875 OTHER PROGRAM SERVICES INCLUDE PROVIDING EDUCATIONAL AND SUPPORT SERVICES TO LOCAL GOVERNMENT FINANCE OFFICERS AND MANAGERS. VLGFC SERVES AS PROGRAM ADMINISTRATOR FOR THE VIRGINIA GOVERNMENT FINANCE OFFICERS ASSOCIATION AND WAS A CONTRIBUTOR TO THE VIRGINIA LOCAL GOVERNMENT MANAGERS ASSOCIATION AND OTHER LOCAL GOVERNMENT PROFESSIONAL ORGANIZATIONS. 57473 50875 2196095 false false false false false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false false true false false false false false false false false true 2 0 0 false false false false false false false false X 11 11 false true false false false true true true true false false true false true true false false false X STEVEN C MULROY 8046480635 8 E CANAL STREET RICHMOND VA 23219 X X LESLIE BEAUREGARD DIRECTOR 1.00 X 0 0 0 JENNIFER BELL DIRECTOR 1.00 X 0 0 0 MICHELLE GOWDY DIRECTOR 1.00 X 0 0 0 MICHAEL G HAMP DIRECTOR 1.00 X 0 0 0 TAYLOR HARVIE DIRECTOR 1.00 X 0 0 0 DEBORAH KENDALL PRESIDENT 1.00 X X 0 0 0 ANDREA LIGHT DIRECTOR 1.00 X 0 0 0 DEAN A LYNCH DIRECTOR 1.00 X 0 0 0 MIKE MASON DIRECTOR 1.00 X 0 0 0 MICHAEL NORRIS DIRECTOR 1.00 X 0 0 0 DOUG STANLEY VICE PRESIDE 1.00 X X 0 0 0 ROBERT W LAUTERBERG MANAGING DIR 36.00 4.00 X 0 0 0 CHRISTINE L LOPILATO SECRETARY 36.00 4.00 X 0 0 0 STEVEN C MULROY MANAGING DIR 36.00 4.00 X 0 0 0 false false false VLGFC MANAGEMENT SERVICES INC PO BOX 2061 RICHMOND VA 23218 MGMT COMPANY 1656152 1 GOVERNMENTAL TRUST FUND ADMIN 1655918 1655918 GOV'T ADVISORY SERVICES 394633 394633 GOV'T FINANCE PROF SUPPORT 251832 251832 FINANCIAL PROF SUPPORT 50875 50875 2353258 13815 13815 2367073 2353258 13815 1685950 1685950 19790 19790 39100 20700 18400 185000 185000 166502 158995 7507 5569 5569 20794 20794 19232 12615 6617 507 507 15808 10759 5049 156806 156806 8454 1279 7175 CUSTODY FEES 104050 104050 LOAN ISSUANCE COSTS 11178 11178 2438740 2196095 242645 0 49135 150804 707859 467377 410421 457250 7945 2915 244543 274738 1419903 1353084 553589 557913 553589 557913 X 866314 795171 866314 795171 1419903 1353084 -71667 524 X false true X false false 2367597 524 524 2367073 2367073 2438740 2438740 2438740 VLGFC MANAGEMENT SERVICES INC SEE BELOW 1656152 MGMT SERVICE FEES false SCHEDULE L, PART V VLGFC MANAGEMENT SERVICES, INC. IS A MANAGEMENT COMPANY THAT SERVES VLGFC. THE MANAGEMENT COMPANY IS MORE THAN 35% OWNED BY ROBERT W. LAUTERBERG, AN OFFICER AND DIRECTOR OF THE MANAGEMENT COMPANY. LAUTERBERG SERVES AS A MANAGING DIRECTOR OF VLGFC BUT IS NEITHER AN OFFICER NOR A DIRECTOR UNDER THE BYLAWS OF VLGFC. FORM 990 - ORGANIZATION'S MISSION TO ADMINISTER A PROGRAM ESTABLISHED AND SPONSORED BY THE VIRGINIA MUNICIPAL LEAGUE AND VIRGINIA ASSOCIATION OF COUNTIES WHICH PROVIDES FINANCIAL SERVICES TO LOCAL GOVERNMENTAL ENTITIES IN THE COMMONWEALTH OF VIRGINIA. VLGFC OFFERS FINANCIAL-RELATED SERVICES ON A POOLED BASIS AND ALSO WHERE OPPORTUNITIES EXIST TO ACHIEVE ECONOMIES OF SCALE, THEREBY ENABLING LOCAL GOVERNMENTS TO OBTAIN HIGH QUALITY SERVICES AT RELATIVELY LOW COST. FORM 990, PAGE 2, PART III, LINE 4D OTHER PROGRAM SERVICES INCLUDE PROVIDING EDUCATIONAL AND SUPPORT SERVICES TO LOCAL GOVERNMENT FINANCE OFFICERS AND MANAGERS. VLGFC SERVES AS PROGRAM ADMINISTRATOR FOR THE VIRGINIA GOVERNMENT FINANCE OFFICERS ASSOCIATION AND WAS A CONTRIBUTOR TO THE VIRGINIA LOCAL GOVERNMENT MANAGERS ASSOCIATION AND OTHER LOCAL GOVERNMENT PROFESSIONAL ORGANIZATIONS. FORM 990, PAGE 6, PART VI, LINE 3 VLGFC CONTRACTS WITH THE MANAGEMENT COMPANY, VLGFC MANAGEMENT SERVICES, INC., TO SERVE AS PROGRAM ADMINSTRATOR FOR VML/VACO FINANCE. THE MANAGEMENT COMPANY ASSIGNS 11 EMPLOYEES PLUS A VARIABLE NUMBER OF CONTRACTORS TO STAFF THE PROGRAM. IT MAINTAINS OFFICES IN RICHMOND, VIRGINIA. SERVICES INCLUDE ADMINISTRATIVE, MANAGERIAL, MARKETING, ACCOUNTING, AND MUNICIPAL ADVISORY FUNCTIONS. FORM 990, PAGE 6, PART VI, LINE 7A THE IDA APPOINTS NON-EX OFFICIO MEMBERS TO THE VLGFC BOARD OF DIRECTORS. PURSUANT TO THE ARTICLES OF INCORPORATION, THREE APPOINTEES MUST HAVE THE "SUPPORT AND RECOMMENDATION" OF THE VIRGINIA MUNICIPAL LEAGUE; THREE MUST BE SIMILARLY RECOMMEND BY THE VIRGINIA ASSOCIATION OF COUNTIES. FORM 990, PAGE 6, PART VI, LINE 7B VLGFC IS A COMPONENT UNIT OF THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE COUNTY OF STAFFORD AND THE CITY OF STAUNTON, VIRGINIA. FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF THIS FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO FILING IN ORDER TO PROVIDE DIRECTORS THE OPPORTUNITY TO SUBMIT QUESTIONS OR COMMENTS FOR CONSIDERATION PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 19 VLGFC'S ARTICLES OF INCORPORATION ARE ON FILE WITH THE VIRGINIA STATE CORPORATION COMMISSION (SCC), AND ITS ANNUAL SCC FILINGS ARE OPEN TO PUBLIC INSPECTION. OTHER GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. ITS AUDITED FINANCIAL STATEMENTS ARE FILED ANNUALLY WITH THE VIRGINIA AUDITOR OF PUBLIC ACCOUNTS. FORM 990, PART VII THE FOLLOWING INDIVIDUALS DEVOTED THE ESTIMATED HOURS TO THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE COUNTY OF STAFFORD AND THE CITY OF STAUNTON, VIRGINIA, WHICH IS A RELATED ORGANIZATION: LOPILATO, MULROY, AND LAUTERBERG.