Finance and Planning Committee

The Committees name was changed to the Finance and Planning Committee in 1991. (See Senate meetings 4 March & 5 August 1991) The updated Terms of Reference (resolution 91/40) were:

The Finance & Planning Committee is responsible for the formulation of policies and strategies to advance the objectives of the University. Its functions are to:

• ​formulate financial policies and strategies
• develop plans
• examine and recommend budgets to Senate
• monitor decision making processes and authorities, financial activities and outcome of plans
• appraise the adequacy of financial and management reporting
• evaluate financial management performance

In October 1993 the Buildings and Grounds Committee was abolished and most of that Committee's functions became the responsibility of the Finance and Planning Committee. [Senate 93/207 (1)]

On 5 June 1995 (74/95) Senate adopted the Report of the Ad hoc Committee to review the operations of Senate. The committee recommended that the Finance & Planning Committee be split onto the Finance Committee and the Planning Committee as soon as possible. The Finance Committee then first met in July 1995.