2026-03-06T12:45:08-05:00 2025-06-30 541896113 ROBINSON FARMER COX ASSOCIATES 401 SOUTHLAKE BLVD RICHMOND VA 23236 990 2024-07-01 201351659 VIRGINIA LOCAL GOVERNMENT FINANCE CORPORATION VIRG 8046480635 8 E CANAL STREET RICHMOND VA 23219 CHRISTINE L LOPILATO SECRETARY 8046480635 2026-01-15 true JUSTON J SANUDO P01642649 8043784200 2026-03-06 2024 2025-03-06 01:10:19Z VMLVACO FINANCE ROBERT W LAUTERBERG 8 E CANAL STREET RICHMOND VA 23219 3007612 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 2586056 2986924 22134 20688 0 2608190 3007612 0 0 0 0 0 2692827 3045190 2692827 3045190 -84637 -37578 1324893 1442506 606828 749045 718065 693461 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 2006832 2235274 AS OF JUNE 30, 2025 THE POOLED OPEB TRUST FUND MANAGED INVESTMENTS IN TWO SEPARATE PORTFOLIOS WITH NET ASSETS TOTALING 2.07 BILLION. AS OF JUNE 30, 2025 THE VIRGINIA INVESTMENT POOL MANAGED INVESTMENTS FOR A STABLE VALUE FUND AND A HIGH QUALITY BOND FUND WITH NET ASSETS TOTALING 3.91 BILLION. 536214 527871 PROVIDE ACCOUNTING STAFF SUPPORT TO LOCAL GOVERNMENTS IN ORDER TO PROMOTE TRANSPARENCY AND CONFORMANCE WITH GOVERNMENTAL ACCOUNTING STANDARDS. VLGFC PROVIDED ACCOUNTING SERVICES TO 18 LOCAL GOVERNMENTS IN FY25. 166490 166308 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 11 POLITICAL SUBDIVISIONS. 62243 57471 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. 62243 57471 2771779 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 1 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 GARY G ADKINS DIRECTOR 1.00 X 0 0 0 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 ANDREA LIGHT DIRECTOR 1.00 X 0 0 0 LYNETTE LOWE 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 DOUG STANLEY VICE PRESIDE 1.00 X X 0 0 0 DEBORAH C STURM PRESIDENT 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 8 E CANAL STREET RICHMOND VA 23219 MGMT COMPANY 2182199 1 GOVERNMENTAL TRUST FUND ADMIN 2235274 2235274 FINANCIAL PROF SUPPORT 527871 527871 GOV'T ADVISORY SERVICES 166308 166308 GOV'T FINANCE PROF SUPPORT 57471 57471 2986924 20688 20688 3007612 2986924 20688 2203541 2203541 16405 16405 45936 27536 18400 190675 190675 210798 197236 13562 5266 5266 9404 9404 28733 22050 6683 12117 8312 3805 196578 196578 10102 1528 8574 CUSTODY FEES 115635 115635 3045190 2771779 273411 0 115241 178178 462343 459040 437985 472205 7380 309324 325703 1324893 1442506 606828 749045 606828 749045 X 718065 693461 718065 693461 1324893 1442506 -37578 12974 X false true X false false 3020586 12974 12974 3007612 3007612 3045190 3045190 3045190 VLGFC MANAGEMENT SERVICES SEE BELOW MGMT SERVICE FEES false SCHEDULE L, PART V ROBERT W. LAUTERBERG AND STEVE C. MULROY EACH OWN MORE THAN 35% OF VLGFC MANAGEMENT SERVICES. LAUTERBERG AND MULROY SERVE AS MANAGING DIRECTORS OF VLGFC BUT ARE NEITHER OFFICERS NOR DIRECTORS 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 10 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 RECOMMENDED 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.