Reports to President
Membership:
The vice president for Financial Administration, chair; controller, secretary; all vice presidents, all associate vice presidents, executive director of Information technology, University Senate chair, past University Senate chair, and University Senate chair-elect. (Members do not have the option of sending representatives in the members’ absence for continuity.) The president serves ex-officio.
AUTHORITY AND RESPONSIBILITY:
Authority to Act:
To review the monthly financial statements for comparing actual results to budget and to review budget variance and proposed action reports as requested. Members are to function for the whole institution and are not just representatives for the areas for which they are responsible.
Recommendations to be made to the President:
To make recommendations regarding policies and procedures coming from the review of monthly financial statements.