CFMAP Chapters - Reminder of next investment deposit or withdrawal opportunity
| The next entry or withdrawal date is April 1, 2020
, with notification required by March 23, 2020
. If your chapter wishes to participate in either the Chase Prime Money Market Fund or the Pooled Reserve Portfolio, please send an email to Betsy Kramer at email@example.com
indicating the amount to be invested. The minimum amount for each fund is $10,000. Funds equal to the amount to invest must be in the chapter’s Chase bank account as of March 23, 2020 to be able to deposit into either fund. The Chase Prime Money Market Fund
is an option for chapters that prefer to have a stable source of investment income without experiencing market volatility. As of January 31, 2020 the Money Market Fund’s 7-day yield was 1.37%. Investment income for this fund is not reinvested but rather it is paid to each participating chapter on a monthly basis. The Pooled Reserve Portfolio
is invested in line with the AI Investment Policy which is available on the chapter business tools site. The portfolio is structured for long-term return potential and capital preservation. However, as the portfolio is invested with various managers, the estimated return is dependent on market conditions. And, since it is a pooled portfolio, there is no guaranteed return and thus returns will vary from year to year. The return on the portfolio as of January 31, 2020 is 0.1%. The return on the portfolio for 2019 is 9.5%.
CFMAP Chapters - Helpful tip on the use of the Invoice Description field in Docuware | The Invoice Description field in Docuware is very important. The information entered in this field appears in the general ledger detail of chapter financial reports, and it also prints in the Description field on the remittance sent to vendors with their payment. What is entered in Docuware is critical to enable the vendor to properly apply the payment. When entering this information in Docuware, chapters should make the description concise but meaningful. The invoice description should include key pieces of information such as:
The type of service
The date of the event or service and
The vendor’s account number, if applicable.
For example, “Website monthly maintenance – February 2020”, “February insurance - Plan# 125406 – Smith”, “Internet service – 01/2020 - Account 419855746”, “Instructor Fees – USPAP 02/13/2020”.
What does not need to be entered in this field are the vendor name, AI’s vendor ID (this is an internal number that has no meaning to a vendor), the invoice number (this has its own field), the chapter name or words like “invoice” or “vendor”.
Leadership Resource Registry Deadline for Submissions
| The 2021 National Leadership Resource Registry is now open for submissions! To be considered for national
committees, panels, the Appraisal Institute Insurance Trust, or the Appraisal Institute Education & Relief Foundation, you must express your interests in the Registry by 5:00 pm CT, August 1, 2020
. To access the Registry click here
, log-in is required.
Even if you submitted your interests last year in the Registry and there are no changes to your preferences, you will need to log back into the Registry.
We thank you in advance for indicating your preferences in the Registry. We look forward to a strong response, which will help to broaden the base of participation in the organization and serve as a source of new ideas and growth.
The deadline for the Leadership Resource Registry is August 1, 2020.
2020 Annual Conference
| Registration for AI’s 2020 Annual Conference in Orlando, Florida will open on Wednesday, March 25th. The early bird rate for AI Professionals to attend the full conference is $745! This low rate is available through May 1st. The full agenda can be found on AI’s webpage, here
Limited Seats Remain for 2020 LDAC Conference
| Registration is still open for the Appraisal Institute's 2020 Leadership Development and Advisory Council conference, which will take place May 18-20 at the Hilton Washington, D.C., National Mall, and a limited number of spots are available. Learn more about the 2020 LDAC conference