Sacramento Business Journal Honors WEAVE CFO
Chief Financial Officer Kelly Chavez chosen as a 2018 CFO of the Year
The Sacramento Business Journal named Kelly Chavez as one of the twelve financial leaders recognized as CFO of the Year for 2018. Chavez has served as the Chief Financial Officer of WEAVE since 2015.
WEAVE CEO Beth Hassett nominated Chavez in recognition of her leadership and the improvements implemented through her efforts at WEAVE. Chavez’s selection recognizes her involvement in managing significant growth in revenue and government contracts and ensuring that the agency’s procedures and systems supported dramatic growth while ensuring stability.
During Chavez’s tenure with WEAVE, the agency has secured multiple new contracts resulting in a doubling of the agency budget in only three years. Almost all of the new funding is on a cash reimbursement basis and requires greater financial compliance requirements and complexity in programs and revenue sources.
Chavez’s leadership allowed WEAVE to manage cash flow while waiting for reimbursement, ensuring recouping of infrastructure costs associated with program implementation, and leveraging unrestricted funds to ensure agency flexibility.
Hassett also heralded Chavez’s collaborative spirit and ability to educate and empower program staff to understand the intricacies of contract budgets and to participate in the budget process to ensure the needs of survivors remains paramount in the agency decision-making.