The Committee has the power and jurisdiction—

• to review amendments to Part V of Bylaws, shared jointly with the Committee on Governance and Nomination;

• to review and consider matters required to be referred to the committee under the Bylaws;

• to originate all budget, appropriations, and allocations of Student Government Association Funds;

• to publish an annual financial report of the financial activities for the previous fiscal year, shared jointly with the Treasurer;

• to propose and review amendments on the rate of student association fee, shared with the Committee on Governance and Nomination;

• to request and evaluate the continuing study of the effect on Student Government Association Fee;

• to request audit the financial activities of any student organization, including the branches of the Student Government Association, at any time;

• to call meetings or hearings related to financial matters as necessary;

• to request the executive financial officers of a student organization to testify before the Committee regarding the financial affairs of the student organization;

• to educate on the policies of the committee for all members of the Senate;

• to review legislation concerning the Office of Student Financial Assistance, University Budget Office, University Controller, University Investments, Students Accounts Office, and Student Services Hub;

• to view financial information of student organizations; and

• to develop rules and policies that delineate operating procedures as it may be necessary by a two-thirds majority vote of its membership.