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Committee on Financial Affairs

Kendrick F. Ashton, Jr., Chair

John E. Littel, Vice Chair

Charles A. Banks, III, Vice Chair (Chair, Investment Subcommittee)

Edward L. Flippen, Vice Chair

Thomas R. Frantz

Robert E Scott

H. Thomas Watkins III

Samuel E. Jones, Vice President for Finance

Michael R. Halleran, Provost

The Committee on Financial Affairs shall consider and make recommendations concerning the general direction and control of the financial affairs of the College, and the Virginia Institute of Marine Science, concerning the submission and approval of any and all budgets; and concerning the administration of the financial policies and procedures established by the Board. It shall have power and authority, subject to the guidelines set by the Board of Visitors, to invest and reinvest all funds held by the Board as an endowment or in trust for the uses and purposes of the College, of Richard Bland College and of the Virginia Institute of Marine Science, and with the assistance of the President of the College and the President of Richard Bland College shall direct and control the handling of investments by an investment counsel or depository agent at any time employed by the Board of Visitors.