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 faculty members, and the Faculty Council shall nominate five faculty
members, and each shall select two new members from the other's nominations
to serve three-year terms. In addition, every year the Chair of the
Faculty Council shall appoint two General Faculty members of the Faculty
Council, one of whom shall be elected by the voting members of the Faculty
Council, for one-year terms as members of the committee. Every third
year the President shall also select a new chair of the committee, who
shall be a member of the General Faculty, from the Faculty Council's
nominations, and the committee shall elect its vice chair, who shall
be a member of the General Faculty. The Provost shall serve as an administrative
advisor to the committee without vote.