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 2026-2027 Academic Year:
New for 2026-2027
How much autonomy do unit leaders have in spending funds/fiscal management?
State proposal on performance-based metrics for higher education funding
New model—NTT faculty having to fund their own positions through grants/contracts/fees?
– Is this a unit-specific policy or campus-wide?
Ongoing Discussions
Fiscal Input & Transparency
Prepare and put forward faculty funding priorities
Athletics budget and campus support (Andrew)
– Internal sponsorships
NIL, House Settlement, and impact on campus budget
– How is NIL funded and fiscal management?
Tiered tuition—how has this impacted university revenues? Basic understanding of this model
Educational Infrastructure
Land lease proposals—Results of RFI
Federal/state funding forecast
– Impact of Medicaid/SNAP policy change on higher education
Graduate & Professional Students Loan Caps
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
Alex Bukoski, (VetMed), bukoskia@umsystem.edu
Kevin Cummings, (VetMed), cummingske@umsystem.edu
Marc Johnson, (SOM), marcjohnson@umsystem.edu
Leslie Lyons (VetMed), lyonsla@umsystem.edu
Patrick Shiu, (A&S), shiup@umsystem.edu
Peter Wilden, (SOM), wildenp@umsystem.edu
Staff Support will be provided by the Office of the Vice Chancellor for Finance.