About Us

Whether it’s your municipal, business or personal needs, the combined 58 years of experienced municipal financial advisors at Cender & Company L.L.C. offer sophisticated, forward-thinking solutions in an ever-changing economy. We provide an array of financial advisory and general consulting services to municipalities, counties, schools, local governmental entities and not-for-profits throughout Indiana. Whether your needs include structuring bond transactions, assessing the cost of providing community services, assisting in development of zoning ordinances or consulting on annexation strategies for land use, the talented team at Cender & Company L.L.C. will be pleased to guide you through each step.

Our municipal advisory services include, but are not limited to:

  • Bond financial advisory services
  • Independent Registered Municipal Advisor (IRMA) registered with the SEC and MSRB
  • Underwriter selection & fee negotiation
  • Bond sizing and structure
  • Coordination of steps necessary to complete the issue
  • Budget assistance
  • Capital projects planning
  • Utility rate studies
  • Cost of service studies
  • Economic & tax impact studies
  • Fiscal impact analyses
  • Land use planning
  • Redevelopment planning
  • Tax increment financing (TIF) analyses

Our Goal

Your Success is Our Goal

Dependable consulting services are achieved through quality customer service. We understand that you want customized and personalized advice, attentive service and expert guidance. You can trust the professionals at Cender & Co. L.L.C. to assist each of our clients through the entire process, providing start-to-finish advice, guidance and direction.

Our People

Karl Cender, CPA Executive and Owner

 

Contact Information:

Address:         233 E. 84th Drive, Suite 103, Merrillville, IN46410

Telephone:      219-736-1800

Facsimile:        219-736-8465

E-mail:            kcender@cendercompany.com

Web:                http://www.cendercompany.com

Prior to establishing Cender & Company in February 2003, Mr. Cender was an Executive in the Public Sector Services – State and Local Government Group in a regional consulting and CPA firm.  Karl has over 26 years of public accounting and municipal financial advisory experience.

Karl’s primary responsibilities with Public Sector Services include financial advisory consultation services to schools, municipal governments primarily in the area of tax-exempt financing, budgeting, economic development projects, tax increment financing, financial feasibility studies, water, sewer and storm water utility rate and cost of service studies, and accounting matters. He has worked for schools, cities, towns, redevelopment commissions, libraries, municipal utilities, conservancy, sanitary and solid waste districts.

In addition, Mr. Cender has provided audit, tax and other consulting services to both public sector and private sector clients.   Karl assists public sector clients in obtaining tax anticipation warrants, general obligation and revenue bonds which includes initial planning and structuring the financing terms, presenting the financial impacts at public meetings, preparation of official statements, conducting interviews with underwriters and financial institutions, evaluating the bids for the net lowest interest costs and assists with closing on the loans and bonds.

Karl also assists public sector entities with financial feasibility reports for specific purposes.   Karl is a member of the American Institute of Certified Public Accountants, the Indiana CPA Society and an associate member in the Indiana Association of Cities and Towns.  Karl is a member of the Governmental Affairs Committee for the Northwest Indiana Forum and Treasurer of New Creation Business Advocates Inc., a not-for-profit that assists unemployed men to find meaningful work.

STEVE DALTON, Vice President – Municipal Advisor

Contact Information:
Address:         8585 Broadway, Suite 777, Merrillville, IN46410
Telephone:      219-736-1800
Facsimile:        219-736-8465
E-mail:            sdalton@cendercompany.com
Web:                http://www.cendercompany.com

Steve joined Cender & Company 7 years ago with a wide range of experiences in small business ownership, real estate, construction, and finance.  He works primarily in financial consulting related to municipal entities but also provides analysis on bond transactions, planning, modeling and strategic planning. He is a the former President-elect of the Porter County Builders Association, and former board member on numerous not for profit community organizations.   Steve and his family live in Valparaiso Indiana where they maintain an active role in the community.

Susan Gray, CPA Director

B.S. in Business Administration, Indiana University-Northwest

Contact Information:

Address:         233 E. 84th Drive, Suite 103, Merrillville, IN 46410

Telephone:      219-736-1800

Facsimile:        219-736-8465

E-mail:            sgray@cendercompany.com

Web:                http://www.cendercompany.com

 

Mrs. Gray provides financial advisory services to municipal and local governmental units and provides tax consulting and compliance services to other businesses.  Prior to joining Cender & Company in June 2005, Mrs. Gray was a Sr. Tax Manager with a regional consulting and CPA firm for nearly ten years, providing tax consulting and compliance services to a variety of organizations.  Mrs. Gray specializes in exempt organizations, and while at Crowe, was instrumental in establishing the not-for-profit tax group, setting policies and procedures and training personnel within a network of seven offices.  Mrs. Gray also spent seven years with KPMG, specializing in real estate tax consulting and compliance.  With her combined 20 years of experience, Mrs. Gray has worked extensively with Partnerships, LLCs, S Corporations, Individuals and exempt organizations.   Susan is a member of the American Institute of Public Accountants and the Indiana CPA Society.  She is also a volunteer at numerous local churches and charities.  

Damon Tsouklis, Director

B.S. in Accounting, Indiana University
Contact Information:
Address:         233 E. 84th Drive, Suite 103, Merrillville, IN46410
Telephone:      219-736-1800
Facsimile:        219-736-8465
E-mail:            dtsouklis@cendercompany.com
Web:                http://www.cendercompany.com
Prior to joining Cender & Company in February 2003, Mr. Tsouklis was an Engagement Manager with a regional consulting and CPA firm providing financial advisory services to state and local governments focusing in the areas of utility rate consulting and financial advisory services.  Additional experience includes over 15 years of experience in a variety of accounting experiences including several years with one of the Big Five accounting firms working in their internal accounting and operations division.  He gained valuable experience in utility rate setting during employment with the Indiana-American Water Company.
Damon’s experience and specialties includes, but is not limited to, the following areas of consulting: tax exempt financing, budgeting, economic development, tax incremental financing, financial feasibility studies, water and sewer utility rate and cost of service studies, and municipal accounting assistance.   Damon has attended numerous seminars and conferences pertaining to utility and rate issues. He has attended the WesternUtilityRateSchool sponsored by the National Association of Regulatory Utility Commissioners’ Water Committee, the Financial Management Cost of Service Rate-Making Seminar sponsored by the American Water Works Association and seminars which were sponsored by the Indiana Association of Conservancy Districts and governmental entities.  
Bryan Schuch, Senior Associate

Contact Information:

Address  233 E.84th Drive, Suite 103, Merrillville, IN, 46410

Telephone:  219-736-1800

Facsimile:  219-736-8465

E-mail:  bschuch@cendercompany.com

Web:  http://www.cendercompany.com

Bryan is our specialist in Indiana property assessment, tax abatement, redevelopment, allocation areas, tax increment financing, and TIF neutralization.   He works with all of our Redevelopment Commission clients as well as County Auditors and County Assessors.  

 

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Nicole Hoekstra, MBA Associate

Contact Information:

Address  233 E.84th Drive, Suite 103, Merrillville, IN, 46410

Telephone:  219-736-1800

Facsimile:  219-736-8465

E-mail:  nhoekstra@cendercompany.com 

Web:  http://www.cendercompany.com

Nicole holds a Masters in Business Administration from the University of St. Francis and works in support of our bond finance team as well as general municipal financial consulting assignments including general accounting.    She previously worked for Cedar Lake, Indiana as well as various accounting related roles in the private sector.  

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Lynelle Drugan, Office Administrator
Lynelle is our office administrator and the person who greets you when you call or visit our office. She is responsible for our billing system, report production and keeping our office running smoothly. She is an avid reader and enjoys spending time with her cats.