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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

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

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 advise Council on financial, estates, human resources, information technology and international plans, 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;
  • bank covenants.

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

4. To consider and make recommendations to Council regarding:

  • the Annual Finance Statement and related documents;
  • three year budgets for the University 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. 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;
  • To review for recommendation to Council all proposals for any related capital expenditure in excess of £5 million.
6. 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 (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