The Fiscal Operations Advisory Council (FOAC) is a joint council of faculty, administrative staff, and students for the purpose of advising the President on budget and financial matters. The Council will participate in the General Operating Fund budget planning process, review the call for budget development from the President, and recommend fiscal management priorities to align with the strategic goals of Oregon Tech considering both the long-range fiscal priorities and budget planning as well as immediate fiscal and budgetary issues. It will review the institution’s annual budget and advise the President on the development of new budget initiatives. As needed, it will review and advise on the format for reporting the annual budget to the campus community. The Council will function as an integral group in strategic planning activities, with a university-wide perspective.
Members of the Council include the Provost, the Vice Presidents for Finance and Administration and Student Affairs, the Vice Provost for Research and Academic Affairs, three committee members selected from the University staff and administration appointed by the President, a member of SenEx appointed by the Faculty Senate President, a representative of Administrative Council appointed by the president of Administrative Council, a representative of the Budget and Resource Planning office appointed by the Vice President for Finance and Administration, the ASOIT Presidents (or designee), and four senior faculty members appointed jointly by the President and the Faculty Senate President. The Faculty Senate President will advance at least 6 names annually to the President for consideration. The chair is appointed by the President.