Calendar 2002–03

CUHKOrdinance 383 2. There shall be a Committee of the Council known asthe FinanceCommittee, which shall con sist o f — ( a ) The Treasurer, who shall be Chairman; ( b ) the Vice-Chancellor or his representative; ( c ) the Head of each College; and ( d ) 3 other persons, including persons who are notmembers of theCouncil, as the Council shall appoint. Ther e shall be refer red to the Finan ce Committee all matter s within the jurisdiction of the Council which have important financial implications. 3. The Finance Committee shall submit to the Council, before the beginning of the financial y ear, dr aft estimates of income and expenditure of the University and such estimates, amended as the Council may think fit, shall be approved by the Council before the beginning of the financial year. 4. The estimates shall show the income and expenditure of the University and the estimated surplus or deficit for the year. The estimated expenditure shall be shown under votes,headsand (where applicable) sub-heads. Any transfer between votesor heads shall requirethe sanction of the Finance Committee. Any transfer between sub- heads shall r equire the san ction o f the Vice- Chancellor and the Treasurer, with the exception of transfers between sub- heads solely concerning a College, which shall require the sanction of the Head of that Colleg e, subject to any rules and directio ns that the Finance Committee may issue. 5. The Finance Committee shall report to the Coun cil, at su ch times as the Council may determine, any transfer between votes or heads.The Council may revise the estimates during the course of the financial year. 6. As soon as practicable after the end of the financial year, a balance sheet and income and expenditure account with supporting schedu les shall be submitted to the auditors. 7. The audited accounts, with any comments thereon made by the auditors, shall be submitted to the Council. 8. Nothing in this Statute shall deprive the Council of power to invest surpluses or prospective surpluses at any time. STATUTE 13 The Administrative and Planning Committee 1. There shall be a Committee of the Council known as the Administrative and Planning Committee, which shall consist of — ( a ) the Vice-Chancellor, who shall be the Chairman; ( b ) the Pro-Vice-Chancellors; ( c ) the Head of each College; ( d ) the Dean of each Faculty and of the Graduate School; ( e ) the Secretary; ( f ) the Registrar; ( g ) the Bursar; and