The purpose of the commission is to review the actions and decisions of the city's investments and all money managers for compliance with the city's investment policy and to report any noncompliance to the city council; to recommend, as needed, changes in the investment policy to the city council; and to review the investment performance of the city's investments and money managers and to report to the city council concerning such investment performance at least quarterly. (Ord. 52-14, 8-4-2014)