Terms of Reference:
The Committee is responsible for:
(a) |
Advising and, where appropriate, making recommendations to the Academic Council and the Senate, on the University's academic, financial, physical and human resource objectives and priorities. |
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(b) | Advising and, where appropriate, making recommendations on the strategies and policies needed to achieve the agreed academic and other objectives. | |
(c) | Determining plans for the implementation of agreed strategies and policies. | |
(d) | Supervising all accounting and control aspects of the financial management of the University. | |
(e) | Supervising all matters relating to the University's finances and accounts, investment of funds, the receipt of income and expenditure incurred and the management of trust funds. | |
(f) | Advising the Senate on the raising and guaranteeing of loans. | |
(g) | Undertaking such other duties as may be determined from time to time by the Senate. |
The Planning and Finance Committee has delegated authority from the Senate for:
(a) |
Consideration and approval of subsidiary strategies and operational plans to support the University in the delivery of its strategic objectives. |
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(b) | Consideration and approval of tuition fees, and the related issues of student support, within the context of the approved strategic framework/policy. | |
(c) | Consideration and approval of the employment terms and conditions of staff (excluding those specifically considered by the Remuneration Committee) - this will include, inter alia, pay and grading structures and pensions provision. | |
(d) | Consideration and approval of residential fees for University managed student accommodation. | |
(e) | Consideration and approval of plans/policies in relation to the provision of student support services. | |
(f) | Consideration and approval of the University's insurance arrangements. | |
(g) | Consideration and approval of tenders for capital projects, equipment, services etc. | |
(h) | The approval of policy in relation to provisions and bad debts. | |
(i) | The approval of new courses. | |
(j) | Receipt and noting of the financial statements of the University's Related Companies. | |
(k) | Consideration and approval of the University's Procurement Policies and Regulations. | |
(l) | Approval of student admission targets. | |
(m) | Approval of the sale/purchase of land and buildings. | |
(n) | Oversight of the strategic management of legacies, endowment, bequests and/or gifts made to the University. | |
(o) | Initial consideration and approval of the University's Annual Accountability Return for submission to HEFCE/DfE, for recommendation to Senate. | |
(p) | Initial consideration and evaluation of the University's corporate performance and institutional effectiveness, against agreed targets and key performance indicators, for recommendation to Senate. | |
(q) | Approval of amendments to University trust deeds. |
For the purpose of legislation or other legal instrument, the Planning and Finance Committee is deemed to be the "Finance Committee".
Composition | |||
Chair: | A Pro-Chancellor | ||
Ex Officio: |
President and Vice-Chancellor |
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In attendance: |
Registrar and Chief Operating Officer |
Quorum: | 5 members, including a minimum of 3 lay members of Senate. | |
Serviced by: | Registrar's Office | |
Reports to: | Senate | |
Receives reports from: |
University Executive Board |
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Meetings: | The Planning and Finance Committee normally meets four times each year, with extraordinary meetings as required. |