1: Membership, Election, Tenure

1.1: Membership of the Committee shall consist of five elected Faculty members, the Librarian (non-voting), and the Director of Athletics (non-voting). The five elected Faculty members shall serve ex officio on the President’s Planning and Budget Council (PBC). (Passed February 3, 1970; Amended March 17, 1987; May 4, 2010)

1.2: Faculty members on the Financial Affairs Committee will serve for a term of four years with one or two members elected each year. (Passed April 10, 1984)

1.3: Elected Faculty members of the Committee must be either tenured faculty or if not tenured have six years or more of full-time service. Of the five elected members, one must come from the Mathematical and Natural Sciences, one from the Arts or Humanities, and one from the Social Sciences.

2: Jurisdiction, Obligations, Procedures

2.1: It shall be the responsibility of this Committee to present the Faculty views relative to budgetary procedures to the PBC and to review and advise the PBC on decisions involving administrative structure or personnel that impinge upon the academic mission of the College. (Passed February 3, 1970; Amended March 17, 1987; May 4, 2010)

2.2: The Financial Affairs Committee shall make an annual assessment of the state of Faculty compensation at Trinity College. This information may be gathered with any help deemed necessary by the Committee. On the basis of the results of this assessment, the Financial Affairs Committee shall in the Fall meet with representatives of the staff to develop a joint recommendation on compensation and benefits to bring to the President’s Planning and Budget Council. The Financial Affairs Committee shall report the results of this conference at the next stated meeting of the Faculty. (Passed December 9, 1980; Amended May 4, 2010)

2.3: In addition to attending PBC meetings, the elected Faculty members will also attend chairs meetings when those meetings contain agenda items relevant to the work of the PBC, or when they request to meet with chairs and directors.(Passed May 4, 2010)

2.4: The Financial Affairs Committee shall at least once a semester report to the Faculty on PBC discussions that are not confidential, and on any recommendations voted by the PBC. In the second semester, the Committee shall report to the Faculty the Administration’s proposal for the percentage change in salary of continuing Faculty in next year’s budget. It shall issue a written report to the faculty each year regarding PBC recommendations and other issues of concern to the Faculty. (Passed May 11, 1982; AmendedMay 4, 2010)

2.5: It shall also be the responsibility of this Committee to serve as an advisory body for the Library and the Athletic Department. (Passed February 3, 1970; Amended May 4, 2010)