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• • c. to review the annual budget and make recommendations to the City Council; d. to review the annual audit and make recommendations to the City Council; e. to study all fiscal issues and recommend possible improvements and economies. (d) Investment Committee (i) The membership of this Committee shall consist of five (5) members. Members shall meet at least one of the following qualifications: (1) treasurer of a public corporation with five years experience; and/or(2) investment officer of a F.D.I.C. member institution with five years experience; and/or(3) money manager who specializes in corporate and government agency issues with a minimum of ten years experience. (ii) The chair of this committee shall serve as liaison to the Finance Committee. (iii) The charges to and duties of this Committee shall be: a. to serve as an advisory body to the Council on matters related to the Town's cash reserves. b. to recommend investments to protect capital, provide adequate liquidity and generate market returns. All such recommendations shall be approved by the City Council. The City Manager shall execute any approved investment decisions. (e) Pathways Committee. (i) The membership of this Committee shall consist of nine(9) members. At least three (3) members shall be persons who bicycle regularly. (ii) The charges to and duties of this Committee shall be: a. to work for the preservation and enhancement of the pathways within the Town for the use and enjoyment of all residents and to serve as a Bicycle Advisory Committee; b. to review and recommend changes to the Master Path Plan and the Bicycle Plan of the Town; c. to make recommendations at subdivision, site development, Planning Commission and City Council meetings regarding pathway easements; 6 N:\DATA\Clients\L\LAH\Res\committees2.RUT