Finance & General Purpose Committee


The Finance and General Purposes Committee is responsible for the direction and oversight of UHI Shetland’s financial affairs.

Committee Members content

Committee Members

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Dates of Meetings

Academic Year 2022-2023:

  • 28th September 2022
  • 30th November 2022
  • 22nd February 2023 (joing meeting with Audit Committee)
  • 22nd March 2023
  • 21st June 2023

Papers from past meetings.


Committee Terms of Reference

Constitution content



The UHI Shetland Board of Management has established a committee known as the Finance & General Purpose Committee. The quorum for all meetings of the committee shall be three members who are entitled to vote.

The Committee may be attended, at the invitation of the Chair by members of the College's academic and support staff or by external advisers. The purpose of such an invitation will be to provide specialist information and advice to assist the Committee in its deliberations. Individuals attending on this basis may not vote on any decision made by the Committee.

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Not less than five Board Members, including the Chair and Principal who are members ex officio.

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Frequency of Meetings

Frequency of Meetings

The Committee shall meet no less than four times each year.

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The Committee has overall responsibility (within the Financial Memorandum between the College and the Regional Strategic Body) for the direction and oversight of the College’s financial affairs.

The Committee has responsibility for the College’s existing buildings and estates.

The Finance and General Purposes Committee shall:

  1. Monitor the financial position of the college and report to the Board on any necessary action.
  2. To receive and consider information on non-core grant supported activity including international student and business development activities.
  3. Keep the College Financial Regulations under review.
  4. Review, approve and monitor the implementation of the College’s finance and estates strategies and associated plans, and to submit appropriate reports and recommendations to the Board.
  5. Review the effectiveness of financial management and controls within the College
  6. Receive and approve the annual revenue and capital budgets and final accounts for recommendation to the Board.
  7. Make recommendations to the Board regarding the level of tuition fees and other charges.
  8. Approve the write-off of bad debts in accordance with the limits set in the Scheme of Delegation.
  9. Consider, and contribute to, the overall risk management strategy of the college.
  10. Ensure compliance with relevant College policies and financial statutory and regulatory requirements including those relating to charity legislation.
  11. Consider and report on issues of procurement giving consideration to value for money.
  12. Ensure that the college’s existing buildings and estates are fit for purpose and are maintained to an appropriate standard, meeting all relevant regulatory requirements.
  13. Consider and report on any other financial matters which the Board may delegate or refer from time to time.
References content


Transition Board Meeting Paper TB2020-17 - Committee Terms of Reference and Attachment (pdfs). (21 Oct 2020).

Transition Board Meeting Paper TB2020-30 - Recommendations for Appointments to Committees (pdf). (16 Dec 2020).