The annual operating budget of the Consortium is funded through a combination of a flat annual membership fee and fees based on the members’ use of the system. The VLC also receives some Federal money through the Universal Service discount program. The Consortium assigns part of the annual fees to a capital account intended to finance the next generation system. The Consortium also has other funds that are dedicated to building maintenance and improvement needs.
Weinlander Fitzhugh, CPAs conduct a Review Opinion of the VLC’s financial statements every other year. The next cycle will be the 2012 calendar year.
Below you will find links to past Audits and Operating Budgets for the VLC.