University Calendar 2008/9
Section II : Executive Committees of the Council


MAIN INDEX
PREFACE
SECTION I
SECTION II
SECTION III
SECTION IV
SECTION V
SECTION VI
SECTION VII
SECTION VIII
SECTION IX
ARCHIVE 2002/3
ARCHIVE 2003/4
ARCHIVE 2004/5
ARCHIVE 2005/6
ARCHIVE 2006/7
ARCHIVE 2007/8
Finance Committee

The committee draws up and recommends to UEG financial strategies and policies which will help the University achieve its long-term Vision.

Terms of reference
  1. To devise and recommend to UEG financial strategies and policies to facilitate the implementation of the University's long-term Strategic Plan, to include:

    • consideration of the necessary resources of capital funding and to recommend any changes to the University's borrowing needs in the light of its cash balances, capital spending and budgetary forecasts;

    • proposals for investment funds and the review thereof; and

    • an assessment of the impact of external factors, particularly economic and political, which might affect the financial stability of the University, and to advise UEG accordingly.

  2. To oversee the production of the annual University budget and the allocation of budgets to budgetary groups, and to bring forward recommendations to UEG.

  3. To receive draft University financial statements and a business report from the Director of Finance on the results, highlighting any significant variances from the forecasts and the budgets.

  4. To monitor the financial performance of budgetary groups, to examine progress against the University's longer term financial plan in order to advise UEG on any corrective action considered necessary.

  5. To oversee the production of longer term financial forecasts, as required from time to time by HEFCE .

  6. To carry out a periodic review of the resource allocation method and ensure its alignment with the University's strategic aims and plans.

  7. To advise UEG on emerging risks in the area of finance, and on any other financial matters UEG might request.
Membership

  The Treasurer (Chair) Mr A J Walker
  The Director of Finance Mr M Ace
  The Pro Vice-Chancellor with the Resources portfolio Professor AA Wheeler
  A lay member of Council To be advised
  Three members drawn from the pool of Heads of Schools/Directors in Professional Services

Professor D Shepherd
To be advised
  The Deputy Director of Finance Mr A Grice
     
  Secretary Ms C J Gamble

The University Court Membership
The Council Membership
Committees of the Council
The Senate Membership
Joint Committees of the Council and the Senate
Committees of the Senate
Other Committees and Boards

Submitted by the Secretariat
Last reviewed: 12-Nov-2008
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