Accessibility statement

Finance Committee

Terms of Reference

Terms of Reference

To consider and recommend to the Council: 

  • financial implications of the University’s strategic plan 
  • University finance strategy 
  • draft financial statements of the University 
  • annual budget and medium-term financial forecast 
  • University borrowing strategy 
  • financial implications and risks relating to the University’s corporate risk register 
  • budget, financial implications and expenditure on the Capital programme 
  • financial assessments in respect of any projects with very significant budgetary or strategic implications, as determined by UEB and Council 
  • quarterly forecasts (to discuss) 
  • The University’s Scheme of Delegation.

To consider

  • resource allocation mechanisms.

3. 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 
  • financial performance against the capital programme 
  • draft financial statements for the University pension scheme and other pension arrangements 
  • financial performance of the Students’ Union and GSA.

5. To receive

  • financial risk register 
  • reports from Subsidiaries Management Group 
  • performance of financial investments including endowments and restricted funds 
  • University financial regulations.


Subsidiary companies will be reviewed by an executive group chaired by Finance Director.

The use of the term University includes consideration of the finance of the entire University Group

Approved by Finance Committee on 26 September 2019



Membership 2019/20

      To serve until
1 Mr Chris Thompson (Chair) Treasurer N/A
2 Professor Charlie Jeffery Vice-Chancellor and President N/A
3 Professor Saul Tendler Deputy Vice-Chancellor and Provost N/A
4 Ms Denise Jagger Chair of Council N/A
5 Ms Lindsey Fussell Deputy Treasurer N/A
6 Mr Philip Carpenter Lay member of Council  
7 Judith McNicol Lay member of Council  
8 Professor Neil Audsley Head of Computer Science July 2021
9 Professor Nicky Milner Head of Archaeology July 2020 
10 Professor Mark Freeman Dean of The York Management School July 2020
11 Ms Samara Jones (until July 2020) President of the Students' Union July 2020
12 Ms Pürnur Altay (until July 2020)  President of the Graduate Students' Association July 2020
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 Ruth Clark Group Financial Controller (Secretary) 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 Group Financial Contoller (Secretary)




Meeting dates

The meeting dates for the 2019/20 academic year are as follows:

  • Thursday 26 September 2.15 pm in the Dawson Room (H/G17)
  • Friday 25 October 9.15 am in the Eynns Room (H/G21) (Joint with Audit and Risk Committee), then 11am approx, Finance Committee (H/G15) 
  • Thursday 19 December 2.15pm in the Yarburgh Room (H/G15)
  • Wednesday 11 March 2.15pm in the Yarburgh Room (H/G15)
  • Wednesday 17 June 2.15pm in the Yarburgh Room (H/G15)


Associated Committees and Sub-Committees


Finance Committee reports to Council



Chris Thompson

University Treasurer



Ruth Clark

Group Financial Controller

ext: 4417