board has an obligation. >> this is randy scott. this is just a point on the prior slide it says the health system service board terms of reference were approved april 9 of 2015. i do not want that to stand in isolation. the terms of reference are updated, have been updated since 2015 every three years and most recently in 2019. they were all reviewed, reorganized and further updated. we are on schedule to conduct that same type of review in 2021. just to clarify that point. >> i appreciate that, commissioner scott. i was referring to the earlier versions not most haven't -- most recent. we can make the correction on the powerpoint slides so they are correct. i appreciate that. >> again, back on this slide. i mentioned the board has the obligation to approve and add don't a written investment policy -- adopt a written policy statement with the trust to ensure the qualified parties are appointed to manage assets, compliance and monitoring and ongoing review of investments and the investment policy statement. there are many other prov