Purpose: The Finance Executive Council (the Council, or FINEC) is a standing body within the University System of New Hampshire. The Council is advisory to the USNH Administrative Board, and is charged to consider, decide and/or recommend strategic or operationally significant financial matters, according to the policies and processes of USNH.
Membership and Structure: Membership of the Council will be: USNH Vice Chancellor of Finance/Treasurer, USNH Associate Treasurer, Granite State College Chief Financial Officer, Keene State College Chief Financial Officer, Plymouth State University Chief Financial Officer, and the University of New Hampshire Chief Financial Officer (or their interim appointments). The chair of the Council will be the USNH Vice Chancellor; a vice chair will be selected by the Council annually from among the campus CFOs. The Chair and Vice Chair shall collaborate on agenda preparation for FINEC meetings and the preparation of materials for ultimate consideration by the Administrative Board and the Board of Trustees. The Vice Chancellor may assign a member of his or her organization to staff the committee. Other campus or USNH system staff may be invited to attend meetings at the discretion of each member of the Council.
The Council’s functioning as a collaborative group will be distinguished by consultation across all its members on agenda items; planning for matters such as relevant Trustee Committee and Administrative Board agendas; identification of responsible individuals to undertake tasks agreed to by the Council; and other work products of the Council. The chair is responsible for promoting the collaborative nature of the group and for ensuring that, to the fullest extent possible, items of collective interest are shared in a timely fashion so as to permit thoughtful consideration of potential actions and advice from the Council. In all of its functions, the Council will support complete and fact-based work product(s) that leverage standard and best practices and tools in support of decision- making or other actions.
Meetings: The Council will have regular meetings sufficient to meet its objectives (currently monthly) in support of the outcomes expected from its annual work plan. The meetings will be at times and locations convenient to membership and include at least one meeting per year at each campus. Some meetings may be held via video conferencing to reduce travel time and create operational efficiencies.
Objectives:
This Charter will be reviewed annually by June 30.