Terms of reference

Terms of reference

1. To monitor the financial performance of the University and its subsidiary companies against budget on a quarterly basis and to monitor the updated farecast for the year and report significant variances to Council.
2. To ensure the Operating and Financial Review and Financial Statements are drawn up in accordance with the appropriate accounting conventions and that they meet external reporting requirements.
3. To monitor the budget-setting process for the University and its subsidiary companies in accordance with an annual budgetary cycle.
4. To monitor and review the schedule of risks in respect of income generation and financial management.
5. To monitor the performance of the University's financial investments including its endowments and restricted funds.
6. To monitor the financial position of the University's Pension Scheme and other pension arrangements.
7. To monitor and update the University's Financial Regulations.
8. In the course of its work to take account of equality of opportunity.
9. To receive the Financial Statements of the University of York Students' Union.

Membership

Membership and constituency

• The Treasurer
  • Mr David Dickson
    Chair of Finance Committee
• The Vice Chancellor
  • Professor Brian Cantor
• The Deputy Treasurer
  • Mr Deian Tecwyn
• One lay member appointed by Council
  • Mrs Maureen Loffill (until 31 July 2016)
• Three members appointed by Senate
  • Professor Julian Richards (until 31 July 2013)
    Archaeology 
  • Professor Gillian Parker (until 31 July 2015)
    SPRU
  • Professor Calvin Dytham (until 31 July 2015)
    Biology

In Attendance

• The Registrar and Secretary
  • Dr David Duncan
• Director of Finance
  • Mr Graham Gilbert
• Deputy Finance Director
  • Mr Rod Peet
• Financial Accountant and Compliance Officer
  • Mr Ian Smallwood
• Commercial Finance Manager
  • Mr Gary Sheen
• Corporate Finance Manager
  • Mrs Rebekah Desport

Associated committees

Associated committees

• Policy and Resources Committee