Purpose of BAC
To advise on budget allocations for upcoming fiscal periods and to recommend multi-year funding directions by budget unit (Faculty or service unit).
Duties of BAC
- Develop appropriate mechanisms for seeking input from and engaging in dialogue with the VIU community, for identifying and assembling data and statistics, and for formulating recommendations.
- Respond to requests for advice from the President on the budgetary implications of pursing alternative program and service strategies, staffing levels, enrolment targets, etc.
- Review and recommend changes as appropriate to existing budget mechanisms (for example the Revenue Sharing Model). • Recommend new budget mechanisms.
- Review and make recommendations related to the Operating Budget Plan and BAC report (draft and final versions).
- Advise the President of significant disparities or imbalances between and among budget units and recommend remedial adjustments.