Serve on the League of Minnesota Cities 4M Fund Advisory Committee

January 19, 2021

The 4M Board of Trustees is creating the advisory committee for the oversight of the 4M Fund.

Apply now to serve on the 4M Fund Advisory Committee and provide strategic leadership and oversight to the 4M Fund and its series of investment options. Eligibility for the advisory committee includes any chief administrative officer or finance director whose city invests in one or more of the 4M Funds.

The 4M Board of Trustees is creating the advisory committee for the oversight of the 4M Funds. The Trust and the 4M Liquid Asset Fund were created in 1987. The 4M Fund has since grown to include additional investment options, and it has assets in excess of $1 billion. Accordingly, the board considers this a highly valuable and important program for our members.

Role of the committee

The role of the 4M Fund Advisory Committee is to participate in the oversight of the performance of the administration and investment advisor (currently PMA Asset Management, LLC) and ensure the series of 4M funds are managed, invested, and overseen in accordance with the prevailing documents and pursuant to the best interests of the fund participants.

The committee will conduct regular reviews of the 4M Fund, including policies, holdings, member participation, and other pertinent fund matters. The committee submits any recommendations concerning the Fund’s operations to the 4M Board of Trustees.

If you are interested in serving on the 4M Fund Advisory Committee, please review the committee’s structure to ensure you are aware of the roles, function, and purpose.

Read about the 4M Fund Advisory Committee structure (pdf)

Meetings and committee makeup

The details of the committee meetings and schedule are not established and will be determined once the members are appointed. The League reimburses all direct meeting expenses of committee members. Mileage is reimbursed at the federally approved rate. During the pandemic and ongoing executive orders, advisory committee meetings will be held virtually until further notice.

The Executive Committee of the 4M Board will interview applicants for the advisory committee, and the 4M Board will make the final appointments. The League strives to balance committee membership by gender, location, and population of candidates’ cities, position held within the city, League experience and involvement, and a diversity of races and ethnicities representative of our state’s population.

How to apply

To apply for the advisory committee, submit a cover letter and brief resume or a summary of your local government experience, including your involvement with past or current League functions, to Kellie Sundheim at ksundheim@lmc.org by end of business day on Feb. 5.

For more information

If you have questions about the application process, contact Sundheim at (651) 281-1214, (800) 925-1122, or ksundheim@lmc.org. If you have questions about the committee, its role and work, contact League of Minnesota Cities Executive Director David Unmacht at (651) 281-1205 or dunmacht@lmc.org.

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