The Board of Managers is one of two University-wide standing committees chaired by a student, with a voting student majority. This presidentially appointed committee is comprised of eight voting student members, four alternate student members, and six faculty members. The appointment term for student members is one year, beginning in August of each year. Faculty members serve a three year term. The Board of Managers oversees policy changes and budget administration for all of the Reitz Union's services and programs. The Board also allocates student organization office space in the Student Activities Center on the third floor of the Reitz Union.