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Fonds consists of minutes, agenda packages, and accompanying documents for the Board of Governors, the Board of Governors Executive Committee, and all standing committees of the Board. Fonds also consists of a subject file series (c1975-2005).

The Board of Governors is responsible for the property of the University and its financial affairs. It appoints officers and employees of the University, establishes salary scales, appoints the President, and gives final approval to the operating and capital budgets of the University. The first meeting of the Board of Governors of the University of Calgary was held on August 16, 1966. Prior to this, the management and development of the institution had been overseen by the Board of Governors, University of Alberta at Calgary.