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The Business Affairs Council consists of the president's designated appointees representing fiscal responsibilities of each institution under the Board's control.  The Council is chaired by the Director of Finance and Administration as a non-voting member.  The Business Affairs Council, at the request of the Board, the Executive Director or the Council of Presidents and Superintendents, performs duties, conducts studies, and makes recommendations to the Board through the Council of Presidents and Superintendents (BOR Policy 1:7:3)

The Council typically meets two weeks prior to each Council of Presidents and Superintendents (COPS) meeting in order to present recommendations on pending issues to the COPS which are often forwarded to the Board of Regents. The following list of BAC responsibilities is not exhaustive, but ties to the jurisdiction of the Board of Regents Committee on Budget and Finance:

•   Accounting
•   Audit
•   Bonding
•   Budget (including operating budgets and budget request)
•   Capital Improvements (including Building Committees)
•   Facilities and Physical Plant (including facilities utilization              and inventory)
•   Financial Reporting

    Foundations
•   HEFF and School & Public Lands Funds
•   Instructional Formula Funding
•   Inventory
•   Maintenance & Repair (HEFF, M&R Fee, Institutional, and 
    Revenue Facilities)
•   Payables/Receivables
•   Personnel Services
•   Purchasing and Printing
•   Revenues
•   Travel and Contractual Review
•   Tuition & Fees (including Reciprocity Agreements)