Faculty Council Committee Corner: Budget and Finance

Group engaged in accounting, budgeting topics at system level
By Staff

Faculty Council Committee Corner: Budget and Finance
Top from left, Monique French, Diana White, Rhonda Glazier, Vicki Grove; bottom from left, David Paradis, Carol Dee, Todd Ely, Chad Marturano.

Editor’s note: This is part of an ongoing CU Connections series in which the Faculty Council highlights each of its committees and their efforts. See past installments here.

The Faculty Council Budget and Finance Committee (FCBFC) updated its charge and committee name in May 2021. The three major areas of the charge include: 1) advise Faculty Council on matters of budget, accounting and finance; and 2) consult with representatives of the CU System Administration on matters of budget, accounting and finance; and 3) serve as a liaison between the CU system administration and the campus budget committees (see the full charge here). On urgent or short-notice matters, system administration will consult with the chair and/or executive committee of the FCBFC on behalf of the committee.

As reflected in the updated charge, FCBFC members have been exploring ways to be more actively engaged in the systemwide budgeting processes, to build rapport with system administration, and to identify ways that the committee can be more actively involved in budget-related decisions.

During 2021-2022 the committee has identified accounting and budgeting topics to explore with system administration, allowing committee members to be better informed about the processes and procedures that guide the budgeting decisions at the system level. The committee is also striving to find ways to be a more effective advocate for Faculty Council and faculty at all campuses.

Early last fall, FCBFC identified issues and areas that the committee would like to learn about and shared this list with system administration. We are involved in the processes of working through these areas of interest, while receiving regular updates from system administration on the yearly budgeting processes.

We are also continuing to build on the work done last year in order to instill in our discussions guiding principles on diversity, equity and inclusion, articulated by Brenda J. Allen, Ph.D., Professor Emerita of Communications at CU Denver, and former Vice Chancellor for Diversity and Inclusion at CU Denver | Anschutz: “Along these lines, we affirm that a budget is a moral document — that is, a moral statement of priorities that reflects the values both of the authors of that budget and of the organization that implements budgetary policies and procedures.”

The FCBFC welcomes input and questions from faculty. If you have questions about the system budget processes, please reach out to an FCBFC member, and we will be happy to find answers for you.

Rhonda Glazier, Chair | CU Colorado Springs, Kraemer Family Library

Diana White | CU Denver, College of Liberal Arts and Sciences

Monique French, Vice Chair | CU Colorado Springs, College of Business

Vicki Grove, Secretary | CU Boulder, College of Arts and Sciences

David Paradis | CU Boulder, History

Carol Dee | CU Denver, Business School  

Todd Ely,  | CU Denver, School of Public Affairs

Chad Marturano | CU System, Acting Chief Financial Officer*
 * non-voting member