Terms of Reference:
The Committee is responsible for:
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.
|(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:
Consideration and approval of subsidiary strategies and operational plans to support the University in the delivery of its strategic objectives.
|(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/DEL, 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".
President and Vice-Chancellor
Registrar and Chief Operating Officer
|Quorum:||5 members, including a minimum of 3 lay members of Senate.|
|Serviced by:||Registrar's Office|
|Receives reports from:||Investment Committee
Health and Safety Management Group
|Meetings:||The Planning and Finance Committee normally meets four times each year, with extraordinary meetings as required.|
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