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The University Council

Finance and Resources Committee

Purpose

To consider matters concerning the effective and efficient use of physical and human resources, financial performance and sustainability and to provide assurance and make recommendations as appropriate to Council.

Click on Terms of Reference and Membership to see the Finance and Resources Committee's full remit.

Secretary

Dr Martin Toner, Corporate Governance Officer (Council), Quality and Enhancement Office, Room G06, Crescent House, email: m.toner@salford.ac.uk

Dates of Finance and Resources Committee Meetings

2018/19

Meeting Dates               Final Papers for consideration to be submitted by 12pm on              
Friday 28 September 2018 at 1.00pm Monday 17 September 2018
Thursday 1 November 2018 at 10.00am Friday 19 October 2018
Friday 25 January 2019 at 10.00am Monday 14 January 2019
Friday 5 April 2019 at 2:00pm Monday 25 March 2019
Friday 14 June 2019 at 12.00 Noon Monday 3 June 2019

Purpose

To consider matters concerning the effective and efficient use of physical and human resources, financial performance and sustainability and to provide assurance and make recommendations as appropriate to Council.

Terms of Reference

1. To consider, review and advice Council on financial, estates, human resources and information technology strategy, ensuring alignment with the University's overall strategy.

2. To consider and review University financial performance, including monitoring and scrutiny of:

  • quarterly management accounts;
  • financial key performance indicators;
  • financial impact of student recruitment and registration;
  • income generation and business opportunities;
  • efficiency and cost reduction related activity;
  • bank covenants.

3. To ensure compliance with all HEFCE financial requirements and obligations.

4. To consider and make recommendations to Council regarding:  

  • the Annual Finance Statement and related documents;
  • HEFCE financial returns and forecasts (including TRAC);
  • three year budgets for the University Group including capital budget and associated cashflow;
  • the adoption of Financial Regulations;
  • the adoption of relevant policies, including Treasury Management and Investment;
  • borrowing policy, including approval of new borrowings;
  • capital expenditure plans in excess of £5 million:
  • fees chargeable by the University.

5. In relation to Human Resources (HR) matters, to:  

  • consider, advise and make appropriate recommendations to Council on all aspects of HR strategy, including policy and procedures;
  • monitor the University's annual staff profiles and trends, including employee perception data;
  • monitor progress against HR plans in relation to recruitment, leadership and professional development, performance management and employment policies and procedures;
  • consider the impact of and proposals for implementation of national collective bargaining on the University's objectives.

6. In relation to Estates matters, to:

  • consider, advise and make appropriate recommendations to Council on all aspects of the Estates strategy, including policy and procedures;
  • monitor the University's capital expenditure programme to ensure it is on time, on budget and on specification;
  • review capital proposals for recommendation to Council;
  • ensure all capital acquisitions and disposals accord with the overall strategy;
  • ensure the effective use of the estate, particularly in relation to utilisation and efficiency.

7. In relation to Information Technology (IT), to:

  • consider, advise and make appropriate recommendations to Council on all aspects of the Estates strategy, including policy and procedures;
  • monitor progress on the implementation of the IT strategy;
  • ensure that the IT strategy reflects current thinking and practice;
  • ensure that the IT strategy meets academic needs and developments;
  • ensure the IT strategy complements the Estates strategy.

8. In relation to International matters, to:

  • consider, advise and make appropriate recommendations to Council on all aspects of International strategy;
  • have oversight of the operation of any overseas operations in which the University is involved;
  • have oversight of policies and procedures relating to international students, including compliance with UKVI and other external requirements.

9. To establish such sub-committees or time limited task groups as may be required to enable the Committee to effectively discharge its terms of reference.

Ex-officio (3)
Chair of Council
Deputy Chair of Council
Vice-Chancellor

Appointed (4)
Four independent members of Council

Co-options (2)
Up to two co-opted members

Total 9

Officers in attendance include: Executive Director of Finance, Director of Human Resources, Director of Estates & Facilities, Chief Information Officer and Director of Legal & Governance