Home » Standing Committees » Resource Allocation and Budget

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).

1. Review across-the-board Tier 2 spending suspensions to see whether there are priorities in place that affect later budget allocations in ways that are not transparent to faculty. Make recommendations where appropriate.
2. Review the impact of computer security standards on institutional resources. Make recommendations where appropriate.
3. Review the overall issue of benefits in relationship to resource allocation. Make recommendations where appropriate.
4. Describe the budget building process and faculty’s role in that process. Make recommendations where appropriate.
5. Monitor RIT's commitment to implementation of benchmarking rules.
6. Review budgetary commitment to library support in light of our new strategic priorities. Make recommendations where appropriate.
7. Conduct a study of the size of RIT’s administration compared to institutions of similar size and mission. Make recommendations where appropriate.
8. Review the following two reports from the Senior VP for Finance and incorporate any responses into the year-end report:
1. A budget review after the Institute’s 21-day report is released that includes Tier 1 and Tier 2 expenditures and the status of contingencies,
2. A budget review for the subsequent fiscal year following the budget hearings process.
9. Survey the salary distribution for RIT lecturers and include range by college as part of the annual tenure track merit salary distribution report. Make recommendations where appropriate.