Resource Allocation and Budget Committee

Mandate from Policy B2.0

The Resource Allocation and Budget Committee shall be the faculty committee on all matters pertaining to university budget and finances. It shall also submit to the Faculty 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 University Council. The committee shall serve as liaison for the Senate with the vice president for Finance and Administration and with other appropriate administrators and administrative policy bodies of the university. The committee shall consist of one tenured faculty member per college, each elected by their collegial faculty; three tenured faculty members at-large elected by the Faculty Senate; and the vice president for Finance and Administration or their delegate (ex-officio, voting).

Charges for AY2022

1. Explore options for how to increase transparency on budget expenditures. Looking for posted and shareable updates for discussion and dissemination to faculty.
2. Investigate and recommend updates to policy  C03.0 INTELLECTUAL PROPERTY POLICY, Section VII to broaden the avenues of distribution of revenue generated by the licensing of IP developed by RIT employees.

Resource Allocation and Budget Committee reports can be found on RIT’s Digital Media Archive