Finance Committee

The Finance Committee has responsibility for the provision to Council of expert advice on both the University's financial performance in the current year and also the financial implications of any future plans.

Finance Committee Terms of Reference
Finance Committee Meeting Schedule 2018
Finance Committee Meeting Schedule 2017

Finance Committee Terms of Reference

Reporting relationships

Finance Committee is to provide expert advice to the Council both on the University's financial performance in the current year and also the financial implications of any future plans.

1. Review and monitor the University's performance against financial benchmarks established by Council.

2. Review and advise Council on the University's budget and annual financial statements.

3. Review regular financial reports and, where appropriate, provide advice to Council on the implications of these.

4. Consider and make appropriate recommendations to Council on any matters having a significant financial impact on the University.

5. Advise Council on the short, medium and long term financial implications of the University's Plans.

6. Advise Council in relation to:

(i) the extent and adequacy of the University's insurance coverage (at least annually) 
(ii) the Treasury Management Policy of the University
(iii) the University's borrowing program (on a regular basis)
(iv) any contracts in excess of $5m requiring Council approval.

7. Advise Council in relation to the capital program and monitor the progress of major capital projects.

8. Receive the annual reports and financial statements of the University’s controlled and associated entities.

9. Approve and monitor an investment policy for Foundation funds and monitor investment performance against benchmarks.

10. Exercise authority delegated to it by Council.

11. Consider any matters referred to it by Council or the Vice Chancellor.

Membership

  • 4 community members of Council with financial expertise
  • 1 external member of the community with financial expertise
  • Vice Chancellor (ex officio)
  • Chief Operating Officer (ex officio)

Observers

  • Finance Committee, through its Chair, may request the presence of other officers of the University from time to time.
  • The Chancellor, while not a member of the Committee, has the right to attend all Finance Committee meetings as an observer.
  • The Chief Financial Officer and the Director: Assurance Services are invited to attend all meetings of Finance Committee.

 Established 2000; revised 15 December 2016

Finance Committee Meeting Schedule 2018

Meeting Date / TimeLocationPapers Circulated

Friday 9 February 2018
10.00am - 12.00pm

 International Room (H5-24) Level 5, Hawke Building  Monday 5 February 2018

Thursday 29 March 2018
2.00pm - 4.00pm

 International Room (H5-24) Level 5, Hawke Building  Thursday 22 March 2018

Monday 9 April 2018
9.00am - 12.00pm

VC Meeting Room, Level 4, Hawke Building Monday 2 April 2018

Thursday 7 June 2018
10.00am - 12.00pm

Business School Hub, Yungondi Building Thursday 31 May 2018

Thursday 26 July 2018
10.00am - 12.00pm

International Room (H5-24) Level 5, Hawke Building Thursday 19 July 2018

Tuesday 9 October 2018
10.00am - 12.00pm

International Room (H5-24) Level 5, Hawke Building Tuesday 2 October 2018

Tuesday 20 November 2018
10.00am - 12.00pm

International Room (H5-24) Level 5, Hawke Building Tuesday 13 November 2018

 

Finance Committee Meeting Schedule 2017

Meeting Date / TimeLocationPapers Circulated
Tuesday 21 February 2017
9.00am - 11.00am     
 International Room (H5-24) Level 5, Hawke Building  Tuesday 14 February 2017 
Monday 3 April 2017
9.00am - 11.00am
 International Room (H5-24) Level 5, Hawke Building  Tuesday 28 March 2017
Tuesday 23 May 2017
9.00am - 11.00am
International Room (H5-24) Level 5, Hawke Building Tuesday 16 May 2017
Tuesday 1 August 2017
9.00am - 11.00am
International Room (H5-24) Level 5, Hawke Building Tuesday 25 July 2017
Tuesday 10 October 2017
9.00am - 10.00am
International Room (H5-24) Level 5, Hawke Building Tuesday 3 October 2017
Tuesday 21 November 2017
9.00am - 11.00am
International Room (H5-24) Level 5, Hawke Building Tuesday 14 November 2017