Finance and Policy Committee

Terms of Reference

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:

  • financial risk register
  • performance of financial  investments including endowments and restricted funds
  • University financial regulations

 

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

Membership

Membership 2017/18

      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 Mr Gerard Lemos Chair of Council N/A
5 Mr Chris Thompson Deputy Treasurer N/A
6 Ms Denise Jagger Lay member of Council July 2018
7 Vacant 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 Mr Alex Urquhart (until July 2018) President of the Students' Union July 2018
12 Ms Charlotte Chamberlain (until July 2018)  President of the Graduate Students' Association July 2018
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 Alistair Knock Acting Director of Corporate Planning N/A

 

Constituency of Members

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)

 

 

Meetings

Meeting dates

The meeting dates for the 2017/18 academic year are as follows:

  • Friday 29th September 2017, 9.15pm in the Yarburgh Room (H/G15)
  • Friday 20th October 2017,  9.15 am in the Eynns Room (H/G21) (Joint with Audit Committee)
  • Friday 8th December 2017, 9.15pm in the Yarburgh Room (H/G15)
  • Friday 9th February 2018, 2.15pm in the Yarburgh Room (H/G15)
  • Friday 16th March 2018, 9.15pm in the Yarburgh Room (H/G15)
  • Friday 8th June 2018, 2.15pm in the Yarburgh Room (H/G15)
  • Friday 29th June 2018, 2.15pm in the Yarburgh Room (H/G15)

Sub-cttees

Associated Committees and Sub-Committees

 

Finance and Policy Committee reports to Council

 

Chair:

David Dickson

University Treasurer

 

Contact:

Stuart Jolley

Operations Manager

stuart.jolley@york.ac.uk

ext: 4050