Manchester Municipal Risk Management Authority


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Upcoming Meetings
07.23.19 Technology & Cyber Security Advisory Committee Meeting
08.14.19 Membership Committee Meeting
08.15.19 2019 Annual Meeting
08.15.19 Investment Committee Meeting
08.15.19 State Pool Committee Meeting
08.15.19 Greenstone Insurance Company Board of Managers Meeting

Featured Training
09.14.19 Basic Patrol Rifle School
10.03.19 Rescue Task Force (RTF) Training


What's New/Hot Topic From MMRMA to You
MMRMA Announces RAP/CAP Grant Updates, New Forms Effective July 1, 2019
Please click for more information on the revisions and contact Membership Services if you need assistance.


June 2019
Smooth Transitions Help Employees and Organizations Thrive; MMRMA Announces RAP/CAP Updates, New Application Forms; Annual Meeting Preview.

Call for Letters of Interest: Finance Committee Vacancy

Posted: Wednesday, September 12, 2018

There is currently a vacancy on the MMRMA Finance Committee due to the departure of John Ogden of MERS.

Board Chair Michael Bosanac requests that letters of interest in filling the seat be mailed to him at MMRMA, 14001 Merriman, Livonia, MI 48154; Attention Michael Rhyner.  Letters may also be e-mailed to mrhyner@mmrma.org.  Criteria for appointment include previous service to or participation with MMRMA, relevant qualifications (finance and insurance experience), candidate’s length of service to the MMRMA entity he/she represents, and the member entity’s longevity with MMRMA.  Letters or e-mails must be received no later than October 1, 2018.  The Board hopes to fill the vacancy at its October 11, 2018 meeting.

Finance Committee members are appointed by the Board Chair with concurrence of the full Board.  Committee members must be officers of MMRMA member entities as defined in the Joint Powers Agreement.

The Finance Committee provides advice and assistance to the Board of Directors and Executive Director regarding MMRMA’s investment and financial functions.  Typical duties include:

  1. Assisting the Board and Executive Director in the development and implementation of Investment Guidelines and Policies and helping ensure compliance with such guidelines and policies.
  2. Assisting the Board and Executive Director in the selection of the Investment Consultant and assisting the Executive Director in the evaluation of the performance of the Investment Consultant.
  3. Assisting the Board and Executive Director in the selection of the Investment Managers and assisting the Executive Director in the evaluation of the performance of the Investment Managers.
  4. Assisting the Board and Executive Director in the implementation of the Net Asset Policy, including the development of the recommended level of capital adequacy and the identification of excess or deficient net assets.
  5. Reviewing and accepting financial statements.
  6. Reviewing and accepting investment reports.
  7. Other functions as requested by the Executive Director.

The committee meets quarterly, with the potential for other meetings to be scheduled on an as-needed basis.  MMRMA pays a $90 per diem to committee members and also provides reimbursement for travel expenses.  If you have any questions concerning the committee opening or the appointment process, please call Michael Rhyner at 734-513-0300 or mrhyner@mmrma.org.




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Michigan Municipal Risk
Management Authority

14001 Merriman Road
Livonia, MI 48154
734.513.0300
800.243.1324

MMRMA has been a leader in municipal risk since 1980 and remains committed to meeting the ever-expanding challenges faced by its membership. MMRMA's risk control services are designed to help its members identify, prevent, and mitigate losses through on-site surveys, training, and other services. MMRMA also provides its members with premier claims and legal services, sound financial management, and essential news on the latest developments in public risk management.


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