AGY-3478 | Finance Committee [Riverina College of Advanced Education]

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The Finance Committee of the Riverina College of Advanced Education (RCAE) was first convened on February 22, 1972, and replaced the Finance and Administration Committee which had been disbanded in late 1971. (1) The functions of the Finance Committee were:
- to advise on financial implications of staffing within the College.
- to define the means of internal control over College income and expenditure and to exercise such delegated authority as the Interim Council may from time to time deem necessary.
- to receive and consider financial and other reports from the Office of the Bursar.
- to have investigations made into proposals where priorities of capital and current expenditure may have to be established, and to receive and consider reports from the various policy planning committees of the College as to capital and current expenditure requirements.
- to approve and recommend to Interim Council budgets of capital and current expenditure for presentation to the appropriate authorities.
- to consider and make recommendations concerning fees for tuition, residence and other services.
- to establish means of encouraging donations, bequests, private scholarships, prize funds, etc., and to make recommendations regarding investment and disbursement of such funds.
- to consider recommendations concerning tenders for goods and services.
- to obtain legal advice and documentation where necessary on matters affecting financial aspects of the College.
- to consider such other matters as may be referred to the committee by the Interim Council. (2)
The final meeting of the Finance Committee was held on June 27, 1972, at which it was decided that the present committee would be disbanded, with a new Finance and Personnel Committee to be constituted, which would include in its functions matters relating to staff and personnel of the College. (3) Notes:
(1) Minutes of the Inaugural meeting of the Finance Committee, Meeting 1/72, 22 February 1972, p.1.
(2) Minutes of the meeting of the Finance Committee, Meeting 1/72, 22 February 1972.
(3) Minutes of the final meeting of the Finance Committee, Meeting 4/72, 27 June 1972, p.3.