FUNCTION: The committee will serve in an advisory capacity to the President and Provost. The committee will review University budgets and make appropriate recommendations.
COMPOSITION: Each year the President shall nominate five voting members of the General Faculty, and the Faculty Council shall nominate five voting members of the General Faculty, and each shall select two new members from the other's nominations to serve three-year terms. In addition, every year the Chair of the Faculty Council shall appoint two voting faculty members of the Faculty Council for one-year terms. Each year, the committee shall elect its own Chair and Vice Chair who shall be voting faculty members of the committee.