Purpose
The Finance and General Purposes Committee shall have overall responsibility, on behalf of the Governing Body, for the conduct of the College’s financial affairs and for such other matters as shall be delegated by the Governing Body from time to time. The Committee’s advice and decisions shall be directed to the protection and enhancement of the College’s assets and the best use of its income so that the objects of the College, as defined in its Charter and Statutes, may be achieved.

Membership List 2011-12

Terms of Reference

Agendas, Minute and Documents

Quorum    
Five members

Frequency of meetings
Four times a year

Reports to 
The Governing Body

Sub-Committees  
Estates Sub-committee

Investments Sub-committee

Health and Safety committee

Terms of Reference

Finance
1. To submit to the Governing Body at or before the start of each session the estimates of income and expenditure of the academic and administrative activities of the College, and supporting services, and to provide assurance to the Governing Body on the viability of those estimates.

2. To review annually the out-turns of income and expenditure of the academic and administrative activities of the College and supporting services and to report to the Governing Body thereon.

3. To approve financial forecasts.

4. To monitor and control expenditure, and to report to the Governing Body whenever necessary on banking operations, investments, cash statements, and other matters relevant to the income and expenditure of the College.

5. To consider reports from its sub-committees and groups.

6. To delegate specified operational powers to individuals and to publish a statement of such delegations.

7. On behalf of the Governing Body, to exercise the following devolved powers:

· To approve expenditure additional to the budget of up to £50,000 in any one instance and to approve contracts up to the value of £100,000 per annum and to make recommendations to the Governing Body on amounts beyond those limits.

· To appoint bankers and any investment managers and determine the period and terms and conditions relating to any such appointments.

· To write off debts to a total value of 2% of the fee income.

· To devise an investments strategy for the College; to be responsible for the investments of the College and to appoint, if considered appropriate, an Investments Sub-Committee.

- To report to the Governing Body thereon.

8. To annually review the Financial Regulations and make recommendations thereon.

General
1. To oversee generally the provision of such property, services and amenities as may be necessary for the efficient running of the College.

2. To oversee the financial health and general good conduct of the Students’ Union and to receive regular reports from the Students’ Union.

3. To consider and deal as appropriate with such other issues or matters referred to it by the Governing Body or Principal.

4. The Chair (or in the Chair's absence the Deputy Chair) may take action on behalf of the Finance and General Purposes Committee on any matter that is in the Chair's opinion either urgent (but not requiring a special meeting) or non-contentious.

PLEASE CLICK ON MEETING DATE TO ACCESS ALL OPEN DOCUMENTS SUBMITTED TO EACH MEETING, WHERE AVAILABLE.

2011/12

2010/11

2009/10 

2008/09

2007/08