A63.1 revision log

Minor/maintenance update – July 27, 2026

Update type: Minor/maintenance update
Revision status: Current revision (published today)
Previous revision: Minor/maintenance update – July 1, 2025

Revision notes

Renaming Anderson Schools of Management to The James & Gail Ellis School of Business Leadership

Revision content

A63.1: Budget Committee

Approved by: Faculty Senate
Effective: April 28, 2020
Responsible Faculty Committee: Budget Committee
Office Responsible for Administration: Office of the University Secretary

Revisions to the Policy Rationale, Policy Statement, and Applicability sections of this document must be approved by the full Faculty Senate.

Applicability

All UNM faculty, including the Health Sciences Center and Branch Community Colleges.

Policy Rationale

The Budget Committee is one of five (5) committees that comprise the Faculty Senate Business Council, which provides faculty oversight of the business aspects of the University of New Mexico (UNM) including budget, government relations, campus planning, capital projects, etc.

Policy Statement

The Budget Committee has the responsibility to make recommendations to the Faculty Senate for advising the Budget Leadership Team (BLT) in developing the UNM budget. In particular, the functions of the committee include but are not limited to:

(a) participation in the BLT and BLT sub-committees, including at least one (1) Committee member appointed to the BLT.

(b) the presentation to the Faculty Senate each April on the Committee’s participation and work with the BLT.

Faculty members will be appointed by the Faculty Senate: The optimal Committee will be thirteen (13) members, with two (2) from Arts and Sciences and, if possible, one (1) from each of the following academic areas [where possible given the number of faculty in each area]: Architecture and Planning; Education and Human Sciences; Engineering; Fine Arts; Honors; University Libraries; Law; The James & Gail Ellis School of Business Leadership; Medicine (including Dental Hygiene Programs); Nursing; Pharmacy; and Population Health; and an ex-officio member appointed by the Senior Vice President for Finance and Administration. The terms of office shall be for three (3) years, set up on a staggered basis so that the terms of at least four (4) members will expire each year. The chairperson is elected by the Committee. Members will be appointed by April for terms starting the following fall. The chairperson is selected by the Committee for a one-year term. That selection will be made at the last meeting of the academic year for the following year.

Revisions to the remaining sections of this document may be amended with the approval of the Faculty Senate Policy Committee and Operations Committee in consultation with the responsible Faculty Senate Committee listed in Policy Heading.

Procedures

The Budget Committee will schedule regular meetings. The Committee Chair will report Committee recommendations through the Business Council for consideration by the Faculty Senate.

Definitions

There are no specific definitions required by this Policy.

Contacts

Direct any questions about this policy to the UNM Office of the University Secretary.

Who should read this policy

All UNM faculty.
Academic administrators and staff.
Administrative staff responsible for policy development.

History

July 27, 2026 - Renaming Anderson Schools of Management to The James & Gail Ellis School of Business Leadership
July 1, 2025 - Policy format updated to align with FHB A53
April 28, 2020—Approved by Faculty Senate