Identity area
Type of entity
Corporate body
Authorized form of name
Finance Committee
Parallel form(s) of name
Standardized form(s) of name according to other rules
Other form(s) of name
Identifiers for corporate bodies
Description area
Dates of existence
1997 - 2009
History
The Finance Committee established in October 1997 had a mandate that was distinct from the earlier iteration of the same name, which had existed from the College's earliest years until 1981. The work of this newer Finance Committee focused on both finance and facilities. Its finance-related responsibilities included advising the Board and administration on significant financial affairs at the College, reviewing the operating and capital budgets, and reviewing financial statements. Its facilities-related responsibilities included making policy recommendations regarding building and site development, examining long-term plans for future developments, reviewing and recommending site acquisitions, meeting with government officials and local stakeholders regarding the acquisition of sites and facilities, and acting on behalf of the Board with respect to jointly owned facilities.
In January 2009, the Finance Committee became the Audit and Finance Committee.