All-University Finance Committee

Standing Charges:

The All-University Finance Committee represents the General Faculty in all matters concerning the financial status of the University. The Committee shall review the annual budgets of the University and the budget process, including financial plans for the University, investment strategies, capital investment plans, financial implications of faculty salary and faculty/staff benefit proposals and other such matters as may be referred to it by the Senate or the Executive Committee.

The Committee shall brief the Senate each fall concerning the University budget for the current fiscal year and preliminary plans for the next fiscal year. This Committee shall brief the Senate each February concerning the budget to be proposed to the Board of Trustees for the next fiscal

year.

The Committee shall make an annual report to the Senate in writing.

Additional Charges from AY 2023-24:

1.     Explore the current state of research funding expenditures on campus by school from all funding sources. Compare with our peer and aspirational institutions, where possible. Make recommendations for areas of needed focus.

2.     Explore the inclusion of more critical infrastructure, including IT teaching infrastructure, into the Plant Fund.