The commission has the following powers, duties, and responsibilities:
A. To review the actions and decisions of the director of finance and budget and the city's money managers for compliance with the city's investment policy and report any noncompliance to the city council;
B. To recommend, as needed, changes in the city's investment policy to the city manager and the city council; and
C. To review the investment performance of the city and the city's money managers and report to the city council concerning same at least quarterly. (Ord. 52-14, 8-4-2014; amd. Ord. 3-20, 1-21-2020)