The specific financial remit of the Employment and Finance Committee includes overseeing the financial strategy of the University through review of financial performance and recommending the annual budget and five-year forecasts to the Board. The Committee plays a key role in reviewing the Financial Statements and recommends these to the Audit Committee for subsequent scrutiny prior to Board adoption. Contracts of £2m or more are also approved by the Committee.
The Committee considers and approves the University’s financial policies and regulations, including the Treasury Management activities of investment and borrowing. In addition, the Committee considers and approves fees charged by the University for its academic programmes and University accommodation, and monitors the financial performance of the Students’ Union. As well as on-going estates and capital project initiatives, the Committee plays an increasing role going forward in overseeing the development and delivery of the University’s IT Strategy.
Terms of Reference 2021/22
Membership 2021/22
Helen Fairfoul – Chair (Independent Governor)
Craig Apsey (Independent Governor)
Roberta Blackman-Woods (Independent Governor)
Dr Stuart Fancey (Independent Governor)
Professor Tom Lawson (Deputy Vice-Chancellor)
Sally Pelham (Independent Governor- Observer)
Libby Orme, Academic Staff Governor (In Attendance with full contribution rights)
David Pearson- External Co-opted Committee Member
Officers
Secretary: Georgina Bailes georgina.bailes@northumbria.ac.uk
Assistant Secretary: Richard Elliott richard.g.elliott@northumbria.ac.uk
Officers in Regular Attendance
Director of Human Resources & Occupational Development: Jane Embley
Chief Financial Officer: Simon Newitt
Chief Marketing Officer: Adam Dunlop
Director of Strategic Planning: Daniel Monnery
Dates and Times of Employment and Finance Committee Meetings in 2022/23
| Date | Time | Location |
| Monday 12 September 2022 | 14.00 | Microsoft Teams |
| Monday 7 November 2022 | 14.00 | Microsoft Teams |
| Monday 3 April 2023 | 14.00 | Sutherland Building |
| Thursday 18 May 2023 | 14.00 | Sutherland Building |
| Monday 12th June 2023 | 14:00 | Microsoft Teams |
