Mandate
EXECUTIVE COUNCIL HANDBOOK The investment committee has six to nine members and like audit, does not meet in conjunction with the Council. The members include the President, the Treasurer and one other member of the Council. The committee has responsibility for overseeing the investments of DFMS, selecting advisors and managers, as well as depository and custodial institutions. The committee recommends to A&F the amount or rate of investment proceeds appropriate to be used in the budget.