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.