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Academic Senate

Resource Allocation and Budget Committee's Charges


Home » Standing Committees » Resource Allocation and Budget

Mandate from Policy B2.0:

The Resource Allocation and Budget Committee shall be the faculty committee in all matters pertaining to university budget and finances. It shall also submit to the Academic Senate for review and approval academic priorities related to external academic funding. The Committee shall be responsible for presenting an analysis of the budget and other financial matters to the Senate for its review, and the Executive Committee shall forward that review in writing, as adopted by the Senate, to the President and to the Institute Council. The Committee shall serve as liaison for the Senate with the Vice President of Finance and Administration and with other appropriate administrators and administrative policy bodies of the university. The Committee shall consist of eight tenured faculty members, each elected by his or her collegial faculty, one member of the educational development faculty elected by that group, three members at large elected by the Academic Senate, and the Vice President of Finance and Administration or his or her delegate (ex officio, voting).

Charges for AY2015:

  1. Review and assess RITís plan to fund the 2015-2025 Strategic Plan.

  2. Review and assess RITís financial goals for the upcoming capital campaign.

  3. Assess RITís financial support of all our international campuses.

  4. Develop criteria for identifying best-fit benchmark schools.

  5. Review and assess the method of allocating budget and other resources based upon enrollment - majors versus credit hours generated.