The Committee should meet 3 times per year, in October, November and January; there may be additional meetings as required, but this would not normally be more than once a year.
The principal items of business conducted at each meeting are:
October
Review of Terms of Reference and Membership
Review of Workload Model data (acceptance)
Consideration of Benchmarking results
Receipt of annual report to Finance Committee
TRAC Policy and Guidance (if necessary)
November
Consideration of all key drivers, including
Student data
Space data including weighting factors.
Staff data
Research facilities calculations
Technician activity
Library and IT cost drivers
Workload Model data
TRAC Policy and Guidance (if necessary)
January
Analysis of the Margin for Sustainability & Investment calculation
Receipt of return for previous year and recommendation to Accountable Officer