Virginia Resources Authority Board of Directors Board of Directors Meeting
The board meeting agenda included several key actions and reports. Items addressed include recognition of David Branscome, the annual election of the Vice-Chair, and the adoption of policies governing electronic participation in meetings. The board reviewed the Executive Director's Report, received committee reports including the annual comprehensive financial report, and approved a conduit loan for Surry County as well as an SRF shelf resolution. A customer feedback survey was also presented, highlighting high levels of customer satisfaction.
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The meetings covered multiple agenda items across the Audit Committee, Portfolio Risk Management Committee, and the Board of Directors. Discussions included the presentation of the FY2026 audit, including a review of the internal control environment and GASB implementation; financial highlights and strong financial positioning of the Authority; and updates on clean water and drinking water revolving loan funds. The Board approved the FY2026 Annual Comprehensive Financial Report and adopted a resolution for the FY2027 State Revolving Funds bond shelf. Additionally, customer feedback survey results were presented, policies governing electronic participation in meetings were adopted, and the Board held an annual election for the Vice-Chair position. The Board also recognized a departing member for their service and authorized the issuance of up to $300 million in State Revolving Fund Revenue Bonds.
