Faculty Budget Committee

Terms of Service & Responsibilities

The FBC is an academic-year committee with monthly meetings from October through June each year and include volunteer faculty members elected by their Deans and peers, representing various academic departments and disciplines as well as the Treasurer of the Faculty Organization.

• Participatory Budgeting Implementation: Lead the adoption of a participatory budgeting model within Academic Affairs by engaging in formal training, facilitating workshops, and systematically gathering input from faculty and staff on budget priorities.
• Budget Transparency and Education: Equip faculty with practical tools, resources, and foundational knowledge to better understand Academic Affairs finances. In collaboration with college and university budget officers, offer accessible “Budget 101” workshops and provide clear, user-friendly reporting that fosters a more transparent and informed operating environment.
• Budget Review: Conduct comprehensive reviews of annual budget proposals and allocations across academic units to ensure alignment with institutional priorities.
• Recommendations: Synthesize faculty and staff input to provide informed recommendations on resource allocation, funding priorities, and cost-saving strategies that advance participatory budgeting practices.
• Communication: Foster consistent, two-way communication across Academic Affairs to ensure stakeholders understand budget decisions, processes, and their broader implications.
• Strategic Planning: Create structured opportunities for faculty and staff to contribute to long-term financial planning in support of the university’s academic mission and strategic goals.
• Resource Allocation: Advise on the distribution of discretionary funds within Academic Affairs, emphasizing equity, transparency, and alignment with shared priorities.
• Policy Review: Evaluate existing budget-related policies and recommend updates to improve clarity, effectiveness, and alignment with participatory budgeting principles.