Budget and Finance
Purpose: The purpose of the Budgeting and Finance UPC is to advise the President and the University Budget Review Team on major budget issues, policies, and long-range planning.
Charge: 1) Recommends revisions of the long-range financial model as appropriate, based on analysis of its assumptions in light of changing internal and external constraints or opportunities; 2) evaluates the University's past budget performance, including the impact of critical budget decisions on the accomplishment of the University's goals, and makes recommendations to address any problems identified; 3) recommends general strategies for operating budgets, capital budgets, and financial planning; 4) reviews and comments on the major assumptions and components of the following year's budget as they are being developed by the Budget Review Team; 5) recommends ways to improve the development, communication, and implementation of the budget; 6) undertakes specific projects assigned by the UCC; 7) oversees the work of those committees and task forces charged with responsibility for implementing policies within the purview of this UPC; 8) ensures appropriate consultation with faculty, staff and students in the committee's deliberations; and 9) ensures regular communication among and between University Policy Committees as well as with elected representative bodies and councils, including the Board of Trustees, Faculty Council, Staff Council and Unified Student Government.
Membership: Membership should be broadly constituted to adequately represent a broad spectrum of perspectives. The size of the UPC should not exceed eleven members. Membership shall include: three faculty, two staff, two students, the President’s designee, the Vice President for Capital Planning, the Chief Financial Officer, and the Provost’s designee. Faculty and staff members will serve staggered three-year terms, renewable once; student members will serve staggered one-year terms.
UPC Chairperson: Elected by and among UPC membership.
Administrative Liaison: The Chief Financial Officer
UPC Staff Support: Finance Office