E. FINANCE AND
The Finance and Planning Committee serves as the consultative body to the president and senior University officers on all major issues of planning, budget, resource allocation policy, and University operations.
The committee is expected to consider matters of University-wide policy or effect.
The Committee may, from time to time, act as a Twin Cities campus committee, and take up matters exclusively of concern to the Twin Cities, and may appoint subcommittees to deal with issues that pertain to the entire University or only to the Twin Cities campus.
The Finance and Planning Committee shall be composed of 10 faculty members, 2 academic professional members, 4 students, 2 civil service staff members, and ex officio representation as specified by vote of the Senate. Faculty/academic professional and student members shall be nominated by the Committee on Committees with the approval of the Senate. Civil service members shall be appointed by the Civil Service Consultative Committee. All terms (except student terms) shall be for four years. The Committee may, on its own authority, add to its ex officio membership by requesting that faculty or student chairs and/or other members of standing subcommittees serve on the Committee.
Duties and Responsibilities
a. To consult with and advise the president and senior University officers on planning, and in particular on financial and operational planning.
b. To consult with and advise the president and senior academic and financial officers on the development of the biennial request, of supplemental budget requests, and the annual budget and to review the implementation of the annual budget.
c. To consult with and advise the president and senior University officers on the development of the University's capital budget and capital plans, the biennial capital request, supplemental capital requests, and the implementation of capital projects.
d. To participate in the development and review of all physical facilities planning.
e. To consult with and advise the president and senior University officers on the financial and operational aspects of all major proposals and policy initiatives.
f. To consult with and advise the president and senior University officers on other questions of resource allocation, including space allocation.
g. To consult with and advise the president and senior University officers on the periodic review of University operations.
h. To recommend to the Faculty Consultative Committee, Senate Consultative Committee, or to other Senate committees such actions or policies as it deems appropriate.
i. To take up other matters as shall be referred to the committee by the Faculty Consultative Committee, the Senate Consultative committee, or other Senate Committees.
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