Strategic and Governance Services

Resources Committee

Terms of Reference

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:    

   a)  forward estimates and projected revenue
   b)  the annual budget
   c)  expenditure on electronic and physical infrastructure through the Asset Management Plan
   d)  external borrowings and debt management strategies
   e)  campus master planning issues, including the acquisition and disposal of land and the sustainable management of sites
   f)  establishment and oversight of controlled entities, consistent with the Voluntary Code of Best Practice for the Governance of Australian Universities
   g)  risk financing policy and strategy
   h)  investment policy and strategy
   in each case, where applicable, considering relevant environmental, social and governance matters.

3. The Committee will undertake the following business, advising Council where required:    

   a)  monitor the performance of the University’s controlled entities
   b)  approve formats for financial performance reports and monitor the University’s financial performance, including investments, at each meeting
   c)  in conjunction with the Quality, Audit and Risk Committee, review the annual financial statements and forward them to Council for approval
   d)  review and monitor the construction of major building projects and the implementation of major electronic infrastructure projects
   e)  monitor implementation of risk financing strategies
   f)  receive regular reports from the Edith Cowan University Foundation Board and monitor expenditure of the Discretionary Funds of the Foundation.
   g) on behalf of Council receive and monitor reports from the ECU Student Guild (including, but not limited to the following): 
   i the audited balance sheet and annual statement of the Guild’s income and expenditure;
   ii the budget of proposed income and expenditure for the calendar year;
   iii a quarterly report on its financial position, including an unaudited balance sheet and statement of income and expenditure for the relevant quarter.
   h) on behalf of Council approve the independent auditor for the Guild’s annual financial statements.

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 investment policy and strategy matters delegated to the Committee by Council including as detailed in the Investment Policy Statement.
6. To make decisions on any other matters delegated to the Committee by Council.

See downloads for more information on the membership and meeting schedule of the Resources Committee.

There will be a Resources Committee Executive, with Terms of Reference and composition approved by Council, which may:

1. make decisions, subject to any limits imposed by Council and the Resources Committee, on matters that arise between Resources Committee meetings which would ordinarily be decided by the Resources Committee and which cannot await determination until the next Resources Committee meeting;
2. advise on and make recommendations to Resources Committee concerning matters of special strategic importance, sensitivity or commercial (or other) confidentiality, including the formation of ad hoc task forces to address such matters; and
3. make decisions on matters delegated to the Committee by the Resources Committee.

Decisions made by the Resources Committee Executive will be reported to the next scheduled meeting of the Resources Committee.

Agendas and minutes

To inquire about access to agendas and minutes from the Resources Committee please contact the Committee Executive Officer below.

University Governance Adviser and
Resources Committee Executive Officer
Mrs Aisling Vennitti
Telephone: (61 8) 6304 2443
Email: a.ging@ecu.edu.au