CHARGE TO FACULTY FINANCE COMMITTEE
General Charge
The committee is charged to advise the Dean on the management, control and
distribution of the College’s financial resources. The committee is charged specifically
with assessing the distribution to units of operating expenses (OE), other personalservices
(OPS), graduate students, adjuncts, temporary appointments and recurring salary funds
(vacant staff, faculty, lecturer positions) and develop a transparent model for budget
allocations that provides the required financial support to meet the mission of each unit.
The mission includes maintaining SCHs and graduation rates in our critical areas of core
programs, and developing new educational, service or research programs.
The committee is also charged to advise the Dean on developing a planning
budget each year for the next fiscal year. In this task they will interface with departments
and centers for the annual program review exercises.
The committee is also tasked to develop a set of best practices for the budgeting
of departments and guidelines to departments for the responsible management of their
resources. The committee should also aid in the identification of instruments for logical
budgeting.
The best practices and guidelines will include the management responsibilities of
chairs and directors, proper consideration of faculty assignments and class sizes, class
enrollments and the maintenance of educational standards with the need to have students
taught by faculty at all levels.
Investments are to be planned strategically to advance the academic reputation of
units, to grow PhD programs (in line with UF goals) and to replace/add faculty in key
strategic areas for the College. The Strategic planning should consider opportunities to
reorganize and reform the College into a structure that recognizes educational and
research models.
Short Term Task
The Committee is charged to review the planning of allocations and costs of
meeting the academic mission of all units for the next two fiscal years with the goal of
balancing the College budget by FY 2008/09. The assumptions to be used are that there
is only a 3% inflationary increase in E&G funding per year, that many of the vacant lines
due to retirement may not be filled in the short term, and that the SCHs available in the
mainstream areas will be maintained.
Long Term Task
Develop a plan beyond 2008/09 that extends over 5-years that includes
restructuring where appropriate to build new programs and synergies that use some of the
vacant lines to strengthen and advance strategic areas for the College. In this task the
committee will solicit information from chairs, the Dean’s Executive Committee (new
Constitutional Committee to replace Dean’s Advisory Council), directions, clientele that
we serve (premed, pre-engineering, etc.), UF strategic planning and communicate to
CLAS chairs and directors.