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Posted on: August 14, 2020

Chesterfield Treasurer Tapped To Serve On Statewide Investment Board

Chesterfield Treasurer’s Office 

Aug. 14, 2020

CHESTERFIELD COUNTY, VA — Chesterfield Treasurer Rebecca Longnaker was recently elected to the Board of Trustees of the Virginia Association of Counties (VACo)/ Virginia Municipal League’s (VML) Virginia Investment Pool.

Longnaker, who was first elected county treasurer in November 2019, officially began serving on the board on July 17, 2020

“I have worked with the leadership of the Virginia Investment Pool Trust Fund for several years and continue to be impressed with their commitment to excellence and quality services,” Longnaker said. “I am honored to be part of the governing board and look forward to serving.”

The VACo/VML Virginia Investment Pool (VIP) is Virginia’s premier local government investment tool. Established in 2013 by local treasurers and investment officers, the investment pool provides municipalities of the state an investment vehicle to pool their funds and to invest under the direction and daily supervision of a professional fund manager.

Since its inception, the VIP has nearly 130 participants, which includes Chesterfield County, and over $2 billion in assets under its management.

As a member of the board, Longnaker will be responsible for overseeing a variety of investment and money management strategies within the investment pool that are designed to address the many financial needs of Virginia’s local governments. By pooling resources, VACo/VML can provide superior financial services at a lower cost. Longnaker will bring her prior experience to the table in combination with the other trustees to enhance the performance of the investments.

Longnaker began her career with Chesterfield County Government in 2013 in the Accounting Department. Prior to joining the county she worked for Chesterfield County Public Schools from 2004 to 2009.

Shortly after completing her first year with the county, she was selected as the Accounting Employee of the Year for Chesterfield. In May 2017, Longnaker moved to the Chesterfield Treasurer’s Office as its fiscal manager/deputy treasurer, where she managed the accounting section of the Treasurer’s Office and handled the county’s investments. She also played an integral part in the implementation of Chesterfield’s new property tax system by testing and ensuring proper internal controls.

Longnaker announced in March 2019 she was running to become Chesterfield’s Treasurer after former treasurer Carey Adams announced plans not to run for reelection.

As county treasurer, she serves as the banker and chief investment officer for Chesterfield government and is responsible for the billing and collection of all current and delinquent personal property and real estate taxes.

Longnaker won the post in the November 2019 election -- serving her first term as county treasurer in January 2020.

Longnaker graduated summa cum laude from the University of Baltimore in May1990 and passed the Certified Public Accountants exam in November 1990.

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