Organizations Filed Purposes:
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.
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.
ADMINISTER TWO POOLED GOVERNMENTAL TRUST FUNDS OPEN TO INVESTMENTS BY VIRGINIA POLITICAL SUBDIVISIONS. THE POOLED OPEB TRUST FUND MANAGED 50 ACCOUNTS IN TWO SEPARATE PORTFOLIOS AS OF JUNE 30, 2019; NET ASSETS OF THE TRUST TOTALED 1.16 BILLION. THE VIRGINIA INVESTMENT POOL HAS 89 PARTICIPATING POLITICAL SUBDIVISIONS AS OF JUNE 30, 2019; NET ASSETS TOTALED 1.5 BILLION.
PROVIDE ACCOUNTING STAFF SUPPORT AND FINANCING-RELATED MUNICIPAL ADVISORY SERVICES TO LOCAL GOVERNMENTS IN ORDER TO PROMOTE LOCAL TRANSPARENCY AND COMPLIANCE WITH GOVERNMENTAL ACCOUNTING STANDARDS; AND SOUND FINANCIAL MANAGEMENT PRACTICES. VLGFC PROVIDED FINANCIAL-RELATED ADVISORY SERVICES TO 10 POLITICAL SUBDIVISIONS IN FY2019.
FACILITATE THE ISSUANCE OF MUNICIPAL NOTES, BANK LOANS, AND EQUIPMENT LEASES FOR PUBLIC PURPOSE PROJECTS. IN FY2019, VLGFC PROVIDED FINANCING FOR 21 VIRGINIA POLITICAL SUBDIVISIONS.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Timothy W Bunch | SECRETARY | 36 | $0 |
| Steven C Mulroy | MANAGING DIR | 36 | $0 |
| Robert W Lauerberg | MANAGING DIR | 36 | $0 |
| Michelle Gowdy | DIRECTOR | 1 | $0 |
| Dean A Lynch | DIRECTOR | 1 | $0 |
| Barry W Thompson | DIRECTOR | 1 | $0 |
| Douglas P Stanley | DIRECTOR | 1 | $0 |
| Steven L Rosenberg | DIRECTOR | 1 | $0 |
| Michael G Hamp | DIRECTOR | 1 | $0 |
| Thomas C Foley | DIRECTOR | 1 | $0 |
| Terry Payne | DIRECTOR | 1 | $0 |
| Gary Larrowe | DIRECTOR | 1 | $0 |
| Michael W Johnson | VICE PRESIDE | 1 | $0 |
| C James Ervin | PRESIDENT | 2 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202040299349300044_public.xml