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 submission 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 VP (Operations) 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

Ms Lisa Carrick, General Manager, Faculty of Health Sciences

Position

Member

Members

 

Vice-Chancellor and Principal

Dr Michael Spence AC (Chair)

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

Deputy Vice-Chancellor (Registrar)

Professor Tyrone Carlin

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 Managers

Lisa Carrick

Ganeral Manager, Faculty of Health Sciences

 

David Cox

Chief Operating Officer, Faculty of Engineering and Information Technologies

Attendees

 

General Counsel or nominee

Richard Fisher

Director, Financial Management and Analysis

David Oosthuizen

Chief Procurement Officer

Richard Allen

Any others as determined by the Chair when necessary

 



2017 Meeting dates and submission timelines

Agenda Deadline

Agenda Papers Distributed

Meeting Date

Wednesday 15 February 2017

Thursday 16 February 2017

Thursday 23 February 2017

Wednesday 22 March 2017 Thursday 23 March 2017

Thursday 30 March 2017

Monday 01 May 2017 Tuesday 02 May 2017 Tuesday 09 May 2017
Wednesday 21 June 2017 Thursday 22 June 2017 Thursday 29 June 2017
Wednesday 19 July 2017 Thursday 20 July 2017 Thursday 27 July 2017
Wednesday 23 August 2017 Thursday 24 August 2017 Thursday 31 August 2017
Thursday 19 October 2017 Friday 20 October 2017 Friday 27 October 2017
Wednesday 22 November 2017 Thursday 23 November 2017 Thursday 30 November 2017

2018 Meeting dates and submission timelines

Agenda deadline Agenda Papers Distributed Meeting Date
Thursday 15 February 2018 Friday 16 February 2018 Friday 23 February 2018
Tuesday 20 March 2018 Wednesday 21 March 2018 Wednesday 28 March 2018
Wednesday 23 May 2018 Thursday 24 May 2018 Thursday 31 May 2018
Thursday 14 June 2018 Friday 15 June 2018 Friday 22 June 2018
Monday 23 July 2018 Tuesday 24 July 2018 Tuesday 31 July 2018
Wednesday 22 August 2018 Thursday 23 August 2018 Thursday 30 August 2018
Thursday 18 October 2018 Friday 19 October 2018 Friday 26 October 2018
Wednesday 21 November 2018 Thursday 22 November 2018 Thursday 29 November 2018

Committee contact

Committee Officer, University Secretariat
Caroline North
T +612 9114 1466
E

Meeting papers

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