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Finance and Budget Committee

Sun striking the Clocktower

Terms of reference

  • To consider university financial policy, strategy and planning and make recommendations to the Council
  • To monitor the financial position and performance of the University and make recommendations to the Council
  • To monitor proposed and actual University borrowing under established Borrowing Consents and Covenants and make recommendations to the Council
  • To consider the annual budget and budget review and make recommendations to the Council
  • To consider financial forecasts and make recommendations to the Council
  • To consider student tuition fees and student services fees and make recommendations to the Council
  • To review the monthly financial statements and reports and provide advice to the Council
  • To consider the financial sustainability of capital development projects in the context of the University's annual and projected budgets
  • To oversee the University's foreign exchange risk (including all foreign exchange contracts; monitoring global foreign exchange activity; and ensuring that appropriate foreign exchange guidelines are in place) and report to the Council on a six monthly basis.

(last amended 21 April 2020)

Constitution

  • The Chancellor
  • The Pro-Chancellor
  • The Vice-Chancellor
  • Four members of the Council
  • The Chief Operating Officer
  • Convener - Lay member of Council

In attendance

  • Chief Financial Officer
  • Chief Operating Officer
  • Registrar and Secretary to the Council (Secretary)