Finance and Planning Committee:
The University has constituted the Finance and Planning Committee as per provisions of the Constitute, Function and Power, of Authorities of the University Statutes 2016.
The Committee has so far convened 3 meetings since its constitution as per following details.
1. 1st meeting of the Finance & Planning Committee was held on 28/04/2022 in which the 1st budget of the University for FY 2021-22 & 2022-23 was recommended.
2. 2nd meeting was held on 19/05/2022.
3. 3rd meeting was held on 16/12/2022.
Budget:
The 1st Budget of the University of Agriculture, Swat was presented to the Finance and Planning Committee in its 1st meeting held on 28/04/2022. The Finance and Planning committee recommended the budget for consideration of the Syndicate.
The Syndicate, in its 1st meeting held on 23/5/2022 considered and recommended the budget for approval of the Senate.
Consequently, the budget was presented to the Senate in its 1st meeting held on 22/6/2022. The Senate approved the budget for financial year 2021-2022 and FY 2022-2023 with the following details:-
Investment Committee:
The University has constituted the Investment Committee as per approval of the Syndicate vide agenda sub item# 8 in its 1st meeting held on 23/05/2022.
The Investment Committee has so far convened 5 meetings Up to May 02/2023.
Details are as under:-
1. 1st meeting of the Investment committee was held on 17/06/2022.
2. 2nd meeting of the Investment committee was held on 22/07/2022.
3. 3rd meeting of the Investment committee was held on 6/10/2022.
4. 4th meeting of the Investment committee was held on 16/12/2022.
5. 5th meeting of the Investment committee was held on 02/05/2023
Approval of RoBs.
The Finance and Planning committee in its 3rd meeting held on 16/12/2022 has approved the Rules of Business for the conduct and Business of the Finance and Planning Committee vide agenda item# 2
Funds Generation/Development:
1. The University had signed an MOU with the HEDP, HEC and got Rs.53.9 million for establishment of University Development Office. As per covenant of the MOU the University has established Endowment Funds for Revenue Endowment & Funds Generation through Non-Traditional Resources. In order to get financial sustainability the University has also constituted a Committee. The University Development Office has the following ToRs.
1. The UDO shall work under the overall supervision of Advisor Establishment and Finance/Treasurer Office as a sub section of Directorate of Finance.
2. The UDO shall function as secretariat for all matters related to financial sustainability including the secretary-ships of the relevant Committee;
3. Manage and Maintain relevant record;
4. Arrange meetings, make correspondence, record minutes and maintain proper record of the UDO.
5. Explore opportunities for fund generating resources through non-traditional source as well as through Public Private Partnership as per Government Public Private Partnership Act;
6. Hunt for potential avenues of investment, hold meeting with the potential investors and share outcome with concerned committee for further guidance and progress;
7. Keep liaison with the HEC, Islamabad in this regard;
8. Any other Task assigned by the University administration from time to time.
Endowment Fund;
In addition to Endowment at para above, the University has established Endowment Fund for Pension & Endowment Fund for Scholarships.