Department of Treasury Local Government Resources
Department of Treasury Local Government Resources
Virginia Government Finance Officers' Association
Fall 2017 Conference
Department of Treasury Overview
? Finance Secretariat
? Department of Accounts ? Department of Planning and Budget ? Department of Taxation ? Department of Treasury ? Virginia Resources Authority
? State Treasurer, a gubernatorial appointee, serves on many boards:
? Virginia College Savings Plan (Virginia529) ? Virginia Housing Development Authority ? Virginia Port Authority ? Virginia Resources Authority ? Virginia Small Business Financing Authority
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Department of Treasury Overview (Cont.)
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Cash Management & Investments
Local Government Investment Pool (LGIP) Overview
? The 1980 session of the Virginia General Assembly enacted the LGIP Act (Sections 2.2-4600 through 2.2-4606 of the Code of Virginia) to provide Virginia localities with a professionally managed money market portfolio under the governance of the Virginia Treasury Board
? LGIP Portfolio consists of two fund options:
? LGIP ? LGIP Extended Maturity (EM)
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