Fiscal & Related Committees

Athletics Committee

The Advisory Board will function as advisor to the director on the program in intercollegiate athletics. The director will seek and consider the advice of the Advisory Board on all major financial and policy decisions with respect to the program on intercollegiate athletics.

Upon the request of the Advisory Board, the president will meet with the Advisory Board at least once in each of the fall and winter semesters.

Subject only to the ultimate authority of the president and the Board of Regents, the Advisory Board will make, adopt, and enforce the necessary rules and regulations governing all questions pertaining to the eligibility of players, intercollegiate relations, and membership in associations of universities and colleges organized for the regulation of athletics.

The President will appoint the University representative in the Intercollegiate Conference of Faculty Representatives after seeking nominees from the Advisory Board, the Senate Assembly, and others, and after consultation with the Advisory Board. Such representative will be a member of the University Senate and will hold office for a term of five years.

The Advisory Board will report all its official actions, through the president, to the Board of Regents for approval, and will report annually to the University Senate, through the Senate Advisory Committee on University Affairs. At any time, the Advisory Board may consult with the University Senate through its advisory committee; and at any time, the Senate Advisory Committee may request full information on matters within the province of the Advisory Board. The Advisory Board will at all times receive and consider recommendations from the University Senate and petitions from the student body.

Audit Committee

The Audit Committee is appointed by the Board in fulfilling its fiscal oversight responsibilities. The Committee provides oversight to the organizations under its governance (defined in Idaho State Board of Education, Policies and Procedures, Section I. A.1.) for: financial statement integrity, financial practices, internal control systems, financial management, and standards of conduct.

The following are the principle duties and responsibilities of the Committee:

1. Approve the appointment, establish the compensation, and evaluate and oversee the work of the independent auditors.
2. Discuss with the independent auditors the audit scope, focusing on areas of concern or interest;
3. Review the financial statements, adequacy of internal controls and findings with the independent auditor.
4. Present the financial statements to the Board and provide detail and summary reports as appropriate.
5. Oversee standards of conduct (ethical behavior) and conflict of interest policies of the Board and the institutions under its governance including establishment of confidential complaint mechanisms.
6. Monitor the integrity of each organization’s financial accounting process and systems of internal controls regarding finance, accounting and stewardship of assets;
7. Monitor the independence and performance of each organization’s independent auditors and internal auditing departments;
8. Provide general guidance for developing risk assessment models for all institutions.
9. Provide an avenue of communication among the independent auditors, management, the internal audit staff and the Board.
10. Maintain audit review responsibilities of institutional affiliates to include but not limited to foundations and booster organizations.
11. As a matter of independence, the Committee will not approve policy.

Finance Committee

The Business Affairs and Human Resources Committee is a standing advisory committee of the Board. It is responsible for developing and presenting recommendations to the Board on matters of policy and procedures concerning business affairs and human resources affairs.

The Business Affairs and Human Resources Committee is responsible for making recommendations to the Board in the following general areas:

• Agency and institutional financial agenda items;
• Coordination and development of guidelines and information for agency and institutional budget requests and operating budgets;
• Long-range fiscal planning;
• Fiscal analysis of the following
• New and expanded financial programs;
• Establishment, discontinuance or change in designation of administrative units;
• Consolidation, relocation, or discontinuance of programs;
• New facilities and any major modifications to facilities which would result in changes in programs or program capacity; and
• Other matter as assigned by the Board.

Financial VP Meeting Schedule

The Financial VP Meeting is scheduled for the second Friday before a regularly scheduled Board meeting. The meetings are held at Boise State University. Room location and time will be noted when available.