Skip to main content

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

Elaine Pateman Salt, Corporate Governance Manager, Quality and Enhancement Office, Room G06, Crescent House, email: e.s.patemansalt@salford.ac.uk

Dates of Finance and Resources Committee Meetings

2019/20

Meeting Dates              
Friday 27 September 2019 at 1.00pm
Thursday 31 October 2019 at 9.30am
Friday 13 December 2019 at 1.30pm
Friday 6 March 2020 at 10.00am
Friday 22 May 2020 at 10.00am

Purpose

To oversee and make recommendation to Council as appropriate on matters concerning the effective and efficient use of physical and human resources, financial planning, performance and sustainability.  

Terms of Reference

1. To consider and review University financial performance, including:

  • quarterly management accounts;
  • financial key performance indicators;
  • financial impact of student recruitment and registration;
  • bank covenants.

2. To ensure compliance with all Office for Students financial requirements and obligations.

3. To consider and make recommendation to Council regarding:  

  • the Annual Finance Statement and related documents;
  • three-year budgets for the University including capital budget and associated cash flow;
  • 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 £5,000,000:
  • fees chargeable by the University.

4. For Estates & Facilities, International, IT and HR

  • To consider and advise Council on the material aspects of the relevant strategic Plans;
  • To monitor performance against the relevant KPIs.

Ex-officio (2)
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: Registrar and Secretary, Executive Director of Finance, Director of Human Resources, Director of Estates & Facilities, Chief Information Officer and Chief Operating Officer