The Fiscal Affairs Committee will address matters of faculty interest with respect to financial aspects of the administration of the University. This committee will advise University leaders on all aspects of the campus budgeting process in support of the University’s core missions of teaching, research, and service, and will support the priorities established through strategic planning. The Committee will advise on operational planning, appraisal of resource needs, and the distribution of resources through allocation models. The Fiscal Affairs Committee will coordinate the work of any campus task forces needed for the Committee’s mission. One chair, elected by the Faculty Council from among its own members (this person will serve on the Faculty Council Executive Committee); Staff support will be provided by the Office of the Vice Chancellor for Finance. Motions may be sent from this committee to the Faculty Council.
Fiscal Affairs Committee Focus for 2025-2026 Academic Year
(Continued from 2024-2025)
- Fiscal Input & Transparency
- Prepare and put forward faculty funding priorities
- Athletics budget and campus support
- NIL, House Settlement, and impact on campus budget
(New for 2025-2026)
- Tiered tuition
- Fiscal Impact on university
- Data (positive or negative) on enrollment
- Educational Infrastructure
- Land sale/lease proposals
- Federal/state funding forecast
- Financial Implications of Course Sharing
- Potential Scholarship Programs for Professional Students with Loan Caps
- Parking as a Growing Need
- Indirect Rates
Fiscal Affairs Committee membership:
(1) Chair, elected faculty council member, serves 1-year, renewable terms, member Faculty Council Executive Committee
(FC Chair) Jo Britt-Rankin, (CHS), britt-rankinj@umsystem.edu
Members (1-year, renewable terms):
Jenny Bossaller, (CEHD), bossallerj@umsystem.edu
Kevin Cummings, (VetMed), cummingske@umsystem.edu
Nicholas LeFevre, (SOM), nml5gd@umsystem.edu
Peter Wilden, SOM), wildenp@umsystem.edu
Staff Support will be provided by the Office of the Vice Chancellor for Finance.