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Bimonthly Newsletter of Chicago CFMA

December 2017 
As we prepare to close out another year, I would like to take this opportunity to express my best wishes for the holidays, and sincere thank you to all of you for a very successful 2017.  
Throughout this year, I encouraged each of you to consider
"one more."  Thanks to each of your "one mores" our chapter continues to meet and exceed our goals, while setting standards for other CFMA chapters.  Each of our accomplishments are the direct result of the time and effort put forth by committee members, chairs, board of directors, and our active chapter members.
The past 12 months have once again been marked by record growth and noteworthy accomplishments. Our membership is currently 275 strong; a net increase of 6% over this time last year. We welcomed 53 new members; an all-time high for our chapter!
As a chapter we hosted fourteen programs, educational opportunities and social events.   Sixty-three percent of our membership attended at least one program/event this year equating to a total of 1032 attendees. We look forward to increasing those numbers in 2018 as we continue to focus on quality programming and speakers, and building partnerships with other industry associations. One example of this partnership is the Financial Management program with the ASA Chicago Chapter in January. More information about this program may be found below.  
As we close out 2017, I would be remiss if I didn't recognize our Annual Sponsors who make it possible for us to bring in quality speakers and offer some of the best educational and social events to our members.  
Assurance Agency
Cornerstone Solutions
Crowe Horwath
The PrivateBank
Aktion Associates
DK Cole Company
Klein Hall CPA's, LLC
As we shift our thoughts to the new year and as you are renewing your membership for 2018, take a moment to consider what your involvement will look like.   This year I challenged you to consider doing one more. Now I challenge you to think about how your one more improved your CFMA experience, and how you can share that experience with someone else.  
Happy Holidays and best wishes for a healthy and prosperous New Year! I look forward to what we will accomplish together in 2018!

Mary Davolt 
Chapter President
In This Issue
Thank You 2017 Platinum Sponsors

CliftonLarsonAllen Logo



New Members
Lee St. Arnaud

Bryan Kalina
Plante Moran

Jonathan Reeves

Ira Massarsky
W.B. Olson, Inc.

Justin Hartman, CPA
Power Construction 

Jennifer Robson
Reliant Contract Glass 
Jennifer Albert, CPA
LG Developent Group 

George Mirov
 Leticia Rodriguez
  Siemens Building Technologies 
Heather Kepinski
Barton Malow Company 

2018 "Build Chicago" Awards  Nominations

The next Build Chicago luncheon will be here in no time!  It's never too early to nominate someone for the annual awards.  If you recognize a General Contractor or member who you believe exemplifies the objectives of CFMA and excels as an industry leader, send your nomination to
Featured Platinum Sponsor 

Candidate for Subcontractor Default Insurance?
Is your general contracting company or significant project (yes, project-specific policies are available) a good candidate for Subcontractor Default Insurance "SDI?" The following questions will help guide you:

1) Can we commit to enough volume? 
2) Can the costs be absorbed by the project owner(s)?
3) Are we willing to do the prequalification work?    

A well-managed SDI program can be a positive risk-mitigation tool for GC's that meet the criteria and commit to the process.  
Want to learn more?  Click Here to read the complete article.  Or, contact Bill Reidinger, Assurance Agency's lead representative with CFMA's Chicago Chapter.
Recruiting & Retaining Talent Strategic Planning 
Do you have who it takes?
Recruiting and retaining construction talent in the field and office will continue to be challenging in 2018.

Join us for a breakfast program and hear input from a panel of top recruiting, human resources and consulting experts on how to plan for success.  Panelists include:
Kathy Cole, CPC 
Founder and President, DK Cole Company    
Jeff Burger 
Director of Enterprise Solutions, Gallup   
Shahara Byford, SPHR
Director of Human Resources,
Power Construction
Krista Roberts 
Director of Talent Management , Aldridge Group
Jeff Robinson
President, PAS, Inc.  
Tuesday, January 23, 2018
Maggiano's Little Italy - Oak Brook
7:30 a.m. Check-in & Breakfast 
8:00 a.m. Program
$50 Members / $75 Non-members 

Financial Management Essentials for Non-Financial Managers and Construction Project Leaders

CFMA offers this 4-hour Educational Course in partnership with ASA Chicago Chapter.

Tammy Kilty, CPA - All-Bry Construction
Jen Haub, CPA - Pepper Construction
This course is designed for new CFMs, Construction Project Managers, Project Accountants and non-financial leaders of construction firms who would like a better understanding of the financial process behind the construction project.  
CLICK HERE for more information on key learning objectives and CPE, along with registration.
Wednesday, January 31, 2018
7:30 a.m.: Check-in & Breakfast
8:00 a.m. - Noon: Program
Maggiano's Little Italy - Oak Brook

CFMA Chicago Chapter  
Membership Renewal Incentive 
Drawing for $500 in Amazon Gift Cards!
Renew (both national and local dues) by March 1, 2018  and you will be entered into a drawing for $500 in Amazon Gift Cards! 

Drawing will take place at the 2018 Annual Meeting (date TBD)
One $100 Amazon Gift Card - Winner need not be present to win. 
One $400 Amazon Gift Card - Winner must be present to win. 
2017 Annual Holiday Social
December 7th at the Renaissance Hotel

Thank You to everyone who donated to the Toys for Tots toy drive!

The ICCIFP would like to extend to you an opportunity to volunteer as an ICCIFP Officer, Trustee, and/or committee chair/member for 2018/19 (April - March). All you need is a desire to serve your profession and your fellow CCIFPs. Please consider taking the next step toward realizing the satisfaction of volunteering and complete the Volunteer Interest Survey. Information regarding volunteer positions, time commitment and background on all opportunities may be found in the Volunteer Interest Overview
If you are interested, please take 3 minutes from your busy schedule and complete the Volunteer Interest Survey no later than Friday, January 12, 2018.

If you have any questions about volunteering, contact Chuck Elyea, ICCIFP Chairman (