Committee Secretary and University Secretary / Minutes Secretary : Ian Callaghan, email email@example.com
Governance Administrator : Rebecca Phillips, email firstname.lastname@example.org
Contacts for Apologies:
Ian Callaghan: email email@example.com
Rebecca Phillips: email firstname.lastname@example.org
Treasurer - Simon George (2024) (Chair)
Chair of Council – Dr Sally Howes
The Vice-Chancellor - Professor David Maguire
Provost – Professor Christine Bovis-Cnossen
Independent members of Council - Jeremy Clayton (2025), Francis Tengenesha (2025), Dr Andy Wood (2026), Independent Member (TBC).
One of the two Student Council members – Taylor Sounes
Director of Finance - Jason Brown
Secretary – University Secretary - Ian Callaghan
Terms of Reference
The Finance Committee will:
1) consider and recommend to Council the University’s long term financial plans and annual budgets ensuring that these are sustainable and financially viable and meet the interests of stakeholders, especially staff, students and alumni.
2) develop the budget for the coming financial year for Council’s approval.
3) monitor the estimated outturn for the year (revenue, capital and cash and compliance with banking covenants.
4) have the authority to vire between expenditure headings of the revenue budget and between years of the capital programme in situations where this could lead to future liabilities having a material impact on the University;
5) have the authority to approve acquisition or disposal of land, property or borrowing of values of more than £500,000 but less than £1,000,000, and making recommendations to Council if the value exceeds £1,000,000.
6) approve University fees, University residential accommodation fees, and University nursery fees.
7) advise the Chair of Council, should the Chair be asked to act on material issues (particularly those with financial impact) on behalf of the Committee between meetings.
8) ensure that processes are in place to monitor and evaluate the financial performance and effectiveness of the University against the strategy, plans and approved key performance indicators, which should be, where possible and appropriate, benchmarked against other comparable institutions.
9) consider any issues which arise which will be material to the University’s finances.
10) to consider any other matters that Council may ask the Committee to address and periodically review its own effectiveness and report the results of that review to Council.
11) The Committee may, if it considers it necessary or desirable, recommend to Governance Committee that Council appoint co-opted members with particular expertise.