Finance and Policy Committee

Terms of Reference

To consider [ie pre-review before final recommendations are submitted to Council]:

University strategic plan and resource allocation including capital expenditure priorities
annual budget and medium-term financial forecast
University borrowing strategy
University risk management strategy and corporate risk register
financial assessments in respect of any projects with very significant budgetary or strategic implications, as determined by UEB and Council
the University's Scheme of Delegation

To monitor:

in-year financial performance against budget of the University (on a quarterly basis)
updated forecast for the year (with reporting of significant variances)
medium and long-term financial outlook
draft financial statements University pension scheme and other pension arrangements

To receive:

NOTES

SU financial statements will now be reviewed by Registrar and Finance Director
subsidiary companies will be reviewed by a management group chaired by Finance Director

			To serve until
1	Mr David Dickson (Chair)	Treasurer	N/A
2	Professor Koen Lamberts	The Vice-Chancellor & President	N/A
3	Professor Saul Tendler	Deputy Vice-Chancellor & Provost	N/A
4	Sir Christopher O'Donnell	Chair of Council	N/A
5	Mr Chris Thompson	Deputy Treasurer	N/A
6	Ms Denise Jagger	Lay member of Council	July 2018
7	Mr John Lister	Lay member of Council	July 2020
8	Professor Dunstan Brown	Head of Language and Linguistic Science	July 2019
9	Professor Quentin Summerfield	Head of Department of Psychology	July 2018
10	Professor Jo Swaffield	Head of Economiocs and Related Studies	July 2019
11	Ms Millie Beach	President of the Students' Union	July 2017
12	Rasha Ibrahim	President of the Graduate Students' Association	July 2017
13	Jo Horsburgh	The Registrar and Secretary	N/A
14	Mr Jeremy Lindley	The Director of Finance	N/A
15	Mr Rod Peet	Deputy Director of Finance	N/A
16	Mr David Muckersie	Director of Corporate Planning	N/A

Ref	Constituency
1	The Treasurer (ex officio) (Chair)
2	The Vice-Chancellor (ex officio)
3	The Deputy Vice-Chancellor and Provost (ex officio)
4	The Chair of Council (ex officio)
5	The Deputy Treasurer (ex officio)
6-7	Two lay members of Council
8-10	Three heads of academic departments recommended by the Nominations Committee
11	President of the Students' Union (ex officio)
12	President of the Graduate Students' Association (ex officio)
In attendance
13	The Registrar and Secretary
14	The Director of Finance
15	Other Finance officers as appropriate
16	The Director of Corporate Planning (Secretary)

The meeting dates for the 2016/17 academic year are as follows:

Wednesday 5 October 2016, 2.15 pm in the Yarburgh Room, (H/G15)
Friday 21 October, 2016, 9.15 am in the Eynns Room (H/G21) (Joint with Audit Committee until 11.00 am approx), then FPC in the Yarburgh Room, (H/G15) - FPC meeting cancelled
Friday 9 December 2016, 3.00 pm in the Yarburgh Room, (H/G15)
Wednesday 8 February 2017, 2.15 pm in the Yarburgh Room, (H/G15)
Friday 17 March 2017, 9.15 am in the Yarburgh Room, (H/G15)
Friday 9 June 2017, 2.15 pm in the Yarburgh Room, (H/G15)
Friday 30 June 2017, 2.15 pm in the Yarburgh Room, (H/G15)