University Budget Committee

Purpose

A standing committee responsible for advising the President on matters related to the university operating budget.

Responsibilities

Each year, the President will charge the UBC with a specific agenda for the coming year. Through advisory input to the President, the UBC will contribute an independent point of view to central university budgeting, guide the development of comprehensive budget and financial health reporting, inform the strategic budgeting process, and ensure follow-up on recommendations from university-wide advisory groups, such as the Structural Equity Team, on making these processes more equitable and inclusive.

The intent of creating the budget committee is to broaden the perspectives informing and advising our budget processes and outcomes. The work of the UBC is intended to complement the work of the other entities engaged in budget matters, including the Faculty Senate’s University Planning and Resource Council, the Business Management Advisory Committee, and the Dean’s Council.

As an advisory committee, the UBC makes recommendations but does not have authority or responsibility for decisions. UBC members are asked to represent the best interests of the University, and not advocate for individual units or constituencies.

Membership

Members of the University Budget Committee are listed below. The Committee is co-chaired by the Vice President for Business and Financial Affairs and the Provost and Executive Vice President.

• Provost and Executive Vice President (co-chair)
• Vice President for Business and Financial Affairs (co-chair)
• Assistant Vice President, Strategy, Management & Budget
• Chief of Staff, President's Office
• Academic Affairs Budget Director
• Enrollment and Student Services Division Director, Financial and Capital
• Director of Capital Budget and Public Works Procurement, Facilities Development and Operations 
• Chief IT Officer
• Two faculty governance representatives
• Two staff representatives
• Two student governance representatives
• Faculty member with significant budget experience (such as a chair or director)
• Dean
• College Operations Manager
• Representative nominated by the Chief Diversity Officer
• Representative of University Advancement
• Representative of University Relations and Marketing

Operations

The University Budget Committee meeting will meet regularly throughout the academic year. The co-chairs of the University Budget Committee may call other meetings as the Committee or its chairs deem advisable. The committee will be staffed by Strategy, Management, and Budget and the Provost’s Office. Agendas and meeting materials are available through the Strategy, Management, and Budget website on the University Budget Committee Materials page.