Terms of Reference

Composition

Eleven Faculty or Open Learning Faculty Members, approved by Senate, at least two of whom shall be members of Senate. Normally, there shall be one member from each of the academic divisions (Faculties/Schools/Division) reflecting the diversity of disciplines at the University
Two Deans approved by Senate
Two Directors approved by Senate
One staff member approved by Senate
Two students nominated by TRUSU and approved by the Senate Steering Committee.
President (ex officio)

Advise Senate and its committees on the budgetary implications of matters within the jurisdiction of Senate and its Committees, including proposals for new educational, research or other programs or initiatives, as required by Senate and its committees
On behalf of Senate, and in consultation with the Academic Planning and Priorities Committee of Senate, advise the President and Vice-Presidents on the review and development of academic budgetary priorities, major capital plans, and the allocation of funds.
At the request of the President, Board of Governors and Senate, provide advice on matters related to the University's property, buildings and structures
Assist the President and Vice-Presidents in the development of budgetary policies, guidelines, processes and models
Assist the President and Vice-Presidents with the development of consultation and communication strategies related to budgetary matters, and ensure that language used in budget related communications are clear and concepts are transparent
Act as ambassadors with respect to the University budget by educating their constituent groups with respect to the budget methodology, terminology and processes
Present the annual University budget to Senate
Establish such subcommittees as needed to fulfil the Committee's responsibilities
Other duties as assigned by Senate