Faculty Budget Committee

Terms of Service & Responsibilities

The FBC is an active year-round committee with scheduled meetings from September through May each year, and include volunteer faculty members elected by their peers, representing various academic departments and disciplines as well as the Treasurer of the Faculty Organization.

• Implement Participatory Budgeting Model in Academic Affairs: attend participatory budgeting training, facilitate participatory budgeting workshops, and collect faculty and Academic Affairs’ staff input on budget priorities.
• Budget transparency and education: work with college and university budget officer to organize budget 101 workshops and develop transparent reporting on Academic Affairs budgets and finances.
• Budget Review: review the academic area (3-digit org level) annual budget proposals. Applying an equity lens to assess the allocation of resources to ensure alignment with academic priorities.
• Recommendations: based on input collected from faculty and Academic Affairs staff, provide recommendations on resource allocations, funding priorities, and cost-saving measures to enhance participatory budgeting across academic affairs.
• Communication: facilitate communication across academic affairs and within units regarding budgetary decisions and their implications.
• Strategic Planning: organize opportunities to engage faculty and Academic Affairs staff in participating in long- term financial planning to support the academic vision and goals of the university.
• Resource Allocation: Advise on the allocation of discretionary funds within academic affairs and make recommendations for equitable distribution.
• Policy Review: review existing budget-related policies and recommend revisions or updates as needed.