Ehlers, Inc.

Dawn R. Gunderson, CPFO, CIPMA

Dawn R. Gunderson, CPFO, CIPMA

Senior Municipal Advisor/Vice President

(262) 796-6166
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Dawn has been a Municipal Advisor in the Ehlers’ Wisconsin office since 2004 assisting Wisconsin cities, villages, towns, counties, and public utilities with the design and implementation if financial solutions. Prior to joining Ehlers she had over 25 years of local government experience working for communities and agencies in Wisconsin, Iowa and Illinois. Most recently, serving 8 years, as the Finance Director for the City of Muskego, Wisconsin. One of Dawn’s greatest contributions to Ehlers and her clients is her extensive knowledge and experience in municipal finance and accounting, enhancing her ability to evaluate financial conditions and provide long-term solutions to individual client needs.

Areas of Expertise

Debt Planning and Issuance

  • Analysis & Presentation of Alternative Financing Options, Funding Sources, Plans And Tools
  • General Obligation and Revenue Debt
  • CDA/RDA Lease Revenue Bonds
  • Special Assessment Bonds
  • Refundings/Cash Defeasances
  • Representation to Bond Market & Credit Rating Agencies

Strategic and Financial Planning

  • Capital Improvements Planning
  • Project Feasibility Studies
  • Financial Goals & Objectives Facilitation
  • Project Impact Analysis
  • Financial Management Plans
  • Impact Fee Studies

Economic Development

  • Tax Increment District Creation & Amendment
  • CDA/RDA Creation
  • Developer Recruitment
  • Developer Pro forma Analysis
  • Development Agreement Negotiation
  • Developer Performance Evaluation

Public Participation

  • Public Participation Process
  • Community Goals & Objectives Facilitation
  • Project Planning
  • Referendum Services

Licenses and Certifications

  • Series 50 License
  • Certified Independent Professional Municipal Advisor (CIPMA) by the National Association of Municipal Advisors (NAMA)
  • Certified Public Finance Officer

Professional Memberships

  • International City Managers Association
  • WI City/County Management Association
  • Wisconsin Government Finance Officers Association
  • WI Clerks, Treasurers Finance Officers Association
  • Municipal Treasurers Association of Wisconsin
  • WI Municipal Clerks Association
  • National Government Finance Officers Association


  • Associates Degree (Accounting)
    Scott Community College, Bettendorf, IA
  • Bachelor of Arts (Business Administration)
    Saint Ambrose University, Davenport, IA

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