Financial Performance Committee

The Financial Performance Committee will advise the University Executive on the financial viability and sustainability of the University in alignment with strategic goals. It will assist in the development and implementation of the UEM, and advise the University Executive regarding the University’s budget.


Terms of Reference
Composition and membership
Meeting dates and deadlines
Committee contact
Meeting papers

Terms of Reference

The purpose of UE Committees is to:

  1. Contribute to the ongoing development and implementation of University strategy;
  2. Review operational matters and consider business-as-usual matters;
  3. Consider planning and prioritisation proposals within the portfolio;
  4. Monitor performance against domain KPIs; and
  5. Be a conduit for institutional discussion and faculty discussions in the domain.

The UE Financial Performance Committee will:

  1. Monitor overall financial performance and advise on strategies to improve that performance;
  2. Oversee the financial stewardship of the University, including:
    a. overseeing the UEM;
    b. examining financial performance of faculties and central portfolios and the University strategically, including BAU budget reviews and overseeing the BRT;
    c. monitoring and reporting on the implementation of strategies in the 2016–2020 Financial Forecast including benefits tracking (and procurement savings), and
    d. recommending strategies to improve financial performance.
  3. Oversee management of risk within the finance portfolio to ensure risks are managed within the University’s agreed appetite and tolerance levels, and escalate to the University Executive those risks that are outside of the Committee’s remit to resolve.
  4. Review periodic Internal Audit Reports.
  5. Keep informed about the Campus Infrastructure Plan and ICT Programs and monitor their progress.
  6. Review periodic KPI and Benchmark Reports (including Cubane analysis).
  7. Keep informed about progress and direction of Strategic Procurement through periodic updates from the Procurement Council.

The UE Financial Performance Committee has the authority to:

  1. Make decisions on matters within the finance portfolio, following the strategic direction agreed to by the University Executive;
  2. Make recommendations on financial allocation to the limit of the Vice-Chancellor delegation, on proposals formally supported by the BRT process.

Relationship with University Executive:

  1. The UE Financial Performance Committee will refer matters to the University Executive only if the matters have an impact on the responsibility of the other UE Committees, or the Chair considers decision is of strategic importance;
  2. The UE Financial Performance Committee will refer financial decisions to the University Executive above the VP (Operations) delegation; and
  3. The UE Financial Performance Committee will report to the University Executive after each meeting.

Committee members have the responsibility to:

  1. Harness energy and lead activity within this portfolio domain; within Faculties, University Schools, DVC portfolios and PSUs;
  2. Contribute the perspectives of their Faculties, University Schools, DVC portfolios and PSUs to the Committee;
  3. Feed back to other UE Committees of which they are members, the decisions and discussion of the Committee; and
  4. Feed back to Faculties, University Schools, DVC portfolios and PSUs the decisions and discussions of the Committee.


The Committee's full terms of reference can be downloaded as a PDF.


Composition and membership

Position

Member

Vice-Chancellor and Principal (Chair)

Dr Michael Spence AC

Provost and Deputy Vice-Chancellor

Professor Stephen Garton

Deputy Vice-Chancellor, Education (or nominee)

Professor Philippa Pattinson

Deputy Vice-Chancellor, Research (or nominee)

Professor Duncan Ivison

Vice-Principal (Operations)

Stephen Phillips

Vice-Principal (Strategy)

Rebecca Murray

Vice-Principal (Advancement)

Tim Dolan

Chief Financial Officer

Wayne Andrews

Director, Institutional Analytics and Planning

Kubra Chambers

2 Faculty Deans or University School Heads of School & Deans

Professor Kathryn Refshauge

Dean, Faculty of Health Sciences

 

Professor Gregory Whitwell

Dean, The University of Sydney Business School

2 Faculty General Managers

Lisa Carrick

Director, Susan Wakil Health Building Transition Program

 

David Cox

Faculty General Manager, Faculty of Engineering and Information Technologies

Co-opted member

Tanya Rhodes-Taylor

Vice-Principal (External Relations)

Attendees

 

General Counsel or nominee

Richard Fisher

Director, Financial Management and Analysis

Eric Chan

Chief Procurement Officer

Richard Allen

Director, Corporate Finance

David Oosthuizen

Any others as determined by the Chair when necessary

 



Meeting dates and deadlines

2019 Meetings

 

Agenda items due

Agenda distributed

Meeting date

Wednesday 13 February 2019

Thursday 14 February 2019

Thursday 21 February 2019

12.30 – 2.30pm

Tuesday 23 April 2019

Tuesday 23 April 2019  (by COB)

Tuesday 30 April 2019

1 – 2pm

Tuesday 21 May 2019

Wednesday 22 May 2019

Wednesday 29 May 2019

12 – 2pm

Tuesday 23 July 2019

Wednesday 24 July 2019

Wednesday 31 July 2019

10am – 12pm

Thursday 22 August 2019

Friday 23 August 2019

Friday 30 August 2019

9 – 11am

Wednesday 18 September 2019

Thursday 19 September 2019

Thursday 26 September 2019

12 – 2pm

Tuesday 22 October 2019

Wednesday 23 October 2019

Wednesday 30 October 2019

9 – 11am

Wednesday 20 November 2019

Thursday 21 November 2019

Thursday 28 November 2019

12 – 2pm 


Committee contact

Committee Officer, University Secretariat
Rosie Biasi
T +61 2 8627 8052
M +61 411 161935
E

Meeting papers

Meeting papers are available on the secure UE FPC SharePoint site.