1: Membership, Election, Tenure

1.1: Membership of the Committee shall consist of five elected Faculty members, the President, the Dean of the Faculty, the Vice President for Finance and Treasurer, the Librarian (non-voting), the Director of Athletic Affairs (non-voting), and two students. (Passed February 3, 1970; Revised March 17, 1987)

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)

2: Jurisdiction, Obligations, Procedures

2.1: It shall be the responsibility of this Committee to receive and review analyses of past budgetary experience, receive and review current budget reports that may be prepared for both short-and long-range projections, to review and advise on decisions involving administrative structure, and to review and advise on decisions regarding administrative personnel, present the Faculty views relative to budgetary procedures and expenditures to the Board of Trustees, and to review, with the Administration, the development of Faculty salary schedules and fringe benefits. (Passed February 3, 1970; Revised March 17, 1987)

2.2: The Financial Affairs Committee shall invite the Finance Committee of the Board of Trustees or its Chairperson to confer on budgetary matters early in the Fall before the preliminary budget for the College is presented to the Finance Committee. The Financial Affairs Committee shall report the results of this conference at the next stated meeting of the Faculty. (Passed March 17, 1987)

2.3: Faculty representatives to 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 Faculty representatives. On the basis of the results of this assessment, the Faculty members should prepare a formal proposal for the Faculty salary component of the budget for inclusion in the initial budgeting considerations of the Committee. (Passed December 9, 1980)

2.4: The Financial Affairs Committee shall report in February to the Faculty the Administration's proposal for the percentage change in salary of continuing Faculty in next year's budget. (Passed May 11, 1982)

2.5: It shall also be the responsibility of this Committee to serve as an advisory body for the Library, the Athletic Department, and the Director of Financial Aid. (Passed February 3, 1970)

2.6: The Committee's work should involve it in a joint effort with the Trustees and Administration. Final responsibility for financial affairs of the College, however, rests with the Board of Trustees. (Passed February 3, 1970)

2.7: The Committee will report regularly to the Faculty. (Passed February 3, 1970)