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 (5) voting members of the General Faculty, and the Faculty Council shall nominate five (5) voting members of the General Faculty, and each shall select two (2) new members from the other's nominations to serve three (3) year terms. In addition, every year the Chair of the Faculty Council shall appoint two (2) voting faculty members of the Faculty Council for one-year terms. Each fall, the committee shall elect a chair elect who shall be a voting faculty member of the committee, though, if that proves impossible, it shall elect a vice chair as an interim measure, while continuing to seek a chair elect. Each committee shall make an annual report on its work, in writing, to the General Faculty and Faculty Council. The faculty representative on the University Budget Council shall serve as an ex-officio member with vote, and the senior vice provost for resource management shall serve as administrative advisor without vote.