Finance Committee

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:

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 Student's Union and GSA

To receive:

NOTES

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 Council 7 March 2018

			To serve until
1	Mr David Dickson (Chair)	Treasurer	N/A
2	Professor Charlie Jeffery	Vice-Chancellor & President	N/A
3	Professor Saul Tendler	Deputy Vice-Chancellor & Provost	N/A
4	Ms Denise Jagger	Chair of Council	N/A
5	Mr Chris Thompson	Deputy Treasurer	N/A
6	Ms Lindsey Fussell	Lay member of Council	July 2019
7	Mr Philip Carpenter	Lay member of Council	July 2019
8	Professor Dunstan Brown	Head of Language and Linguistic Science	July 2019
9	Professor Neil Audsley	Head of Computer Science	July 2021
10	Professor Jo Swaffield	Head of Economics and Related Studies	July 2019
11	Mr James Durcan (until July 2019)	President of the Students' Union	July 2019
12	Ms Sehrish Shafi (until July 2019)	President of the Graduate Students' Association	July 2019
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	Heidi Fraser-Krauss	Director of Corporate and Information Services and Deputy Registrar	N/A
17	Ruth Clark	Group Financial Controller (Secretary)	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	Director of Corporate and Information Services and Deputy Registrar
17	The Group Financial Contoller (Secretary)

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)