The Finance, Strategic Planning and Performance Metrics Committee shall be responsible for the entire financial health of the University of Florida and its affiliated entities, including but not limited to, ensuring appropriate financial planning and oversight for capital projects, institutional investments, and performance and preeminence metrics. The Committee’s responsibilities include ensuring that the financial resources of the University are marshaled in support of its strategic plan, overseeing the institutional financial planning and budgeting process, monitoring funds and protecting assets, creating and enacting institutional fiscal policies for major purchases and financial commitments, and ensuring that a system of appropriate financial-controls is in place for the University and its affiliated entities. The Committee shall be responsible for ensuring alignment of strategic planning across the University enterprise to include all of its affiliated entities, while anticipating and assessing financial risks and opportunities to effectively enhance financial controls. The Committee Chair shall work closely with University leadership during the budgeting, planning and assessment process to ensure that key elements of the University’s overall strategic plan are addressed. The Committee shall communicate with the full Board of Trustees to ensure proper linking of the financial health of the University with its goals and strategies in all areas.
The Finance, Strategic Planning and Performance Metrics Committee shall make periodic reports to the Board.
THE FINANCE, STRATEGIC PLANNING AND PERFORMANCE METRICS COMMITTEE SHALL FULFILL ITS GENERAL OVERSIGHT DUTIES AND RESPONSIBILITIES AS FOLLOWS:
- Reviewing and supporting the implementation of the University of Florida strategic plan.
- Reviewing performance targets, associated performance metrics, and associated reports to the BOG.
- Receiving, reviewing and approving the University’s budgets.
- Evaluating the financial needs of the University and making recommendations on how best to obtain resources for those needs.
- Receiving and reviewing periodic operating statements of the University.
- Considering and recommending proposals with respect to general business and financial issues and approving the issuance of debt instruments of the University and Affiliated Organizations.
- Receiving and reviewing capital project proposals not included in the annual budget.
Marsha D. Powers, Chair
David L. Brandon
Christopher T. Corr
Daniel T. O’Keefe
Fred S. Ridley
Patrick O. Zalupski
UNIVERSITY STAFF LIAISON:
Senior Vice President and Chief Financial Officer TBA