The College Accounts Committee is responsible for considering each year the audited accounts of each of the colleges which are presented under the provisions of Statute XV and any associated regulations, for authorising the publication within the University of the audited annual accounts of the colleges and for providing data to the General Purposes Committee (GPC) of Council drawn from the college financial information received.
The CAC assists GPC in the management of the potential risk to the University arising from a serious threat to the financial sustainability of one or more colleges. The CAC carries out this role through an annual assessment of the financial results of the colleges. The Committee’s role is limited to the making of this assessment. Whether (or what) action might be required in response is a matter for GPC.