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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), Legal and Governance, Room 620, Maxwell Building 
email: m.toner@salford.ac.uk

Dates of Finance and Resources Committee Meetings

2017/18

Meeting Dates               Final Papers for consideration to be submitted by 12pm on              
Friday 29 September 2017 at 11:30am Tuesday 19 September 2017
Thursday 2 November 2017 at 12:30pm  Monday 23 October 2017
Thursday 8 March 2018 at 10:30am Monday 26 February 2018
Friday 13 April 2018 at 2:00pm Tuesday 3 April 2018
Friday 15 June 2018 at 2:00pm Tuesday 5 June 2018

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