resources committee

terms of reference (UC119/12 Dec06)

1. To advise and recommend to Council on the University's financial position, its assets and liabilities and its strategies relating to income, budget allocations and capital expenditure on electronic and physical infrastructure.
   
   
2. Without limiting the generality of (1) above, the Committee will make recommendations to Council on:
   1. forward estimates and projected revenue
   2. the annual budget
   3. expenditure on electronic and physical infrastructure through the Asset Management Plan
   4. external borrowings and debt management strategies
   5. campus master planning issues, including the acquisition and disposal of land and the sustainable management of sites
   6. establishment and oversight of controlled entities, consistent with National Governance Protocol 10
   7. risk financing policy and strategy
   8. investment policy and strategy.
      
      
3. The Committee will:
   
   1. monitor the performance of the University's controlled entities
   2. approve formats for financial performance reports and monitor the University's financial performance, including investments, at each meeting
   3. review the annual financial statements and forward them to Council for approval
   4. review and monitor the construction of major building projects and the implementation of major electronic infrastructure projects
   5. monitor implementation of risk financing strategies.
      
      
4. To report to Council as required on such other matters as may be referred to the Committee by the Council, Chancellor or Vice-Chancellor.
   
   
5. To make decisions on matters delegated to the Committee by Council.

composition (UC 119/12 Dec06)

*Appointments to Council Committees are approved by Council on the recommendation of the Nominations Committee (unless otherwise specified). Note that in this context, "outside the University community" means people who are neither staff nor enrolled students of ECU and nor are they members of Council.

The majority of members, including the Chair, must be external (that is, neither staff nor enrolled students of ECU) and independent of the University (using the ASX definition of independence as a guide).

Accredited Observers (UC119/12 Dec06)

1. Vice-President (Resources) & Chief Financial Officer *
2. Executive Director (Governance and Planning)

*If the Vice-President (Resources) & Chief Financial Officer is the Vice-Chancellor's nominee the Director, Finance and Business Services, may serve as an Accredited Observer.

As per current practice, other participants may include, as required (and approved by the Chair), to assist the Committee with its business, eg:

• Director, Finance and Business Services
• Director, Facilities and Services

Contact

For more information please contact the Committee Secretary, Kathryn Clarke or phone (6304 2109).

Agenda and Minutes