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The Policy and Resources Committee , chaired by the Vice-Chancellor , is responsible , to the Senate and the Executive Board , for setting and monitoring departmental budgets . Although the Bush administration has vowed to maintain its Pacific role whatever the outcome in the Philippines , the U.S. and Asian officials said that , in an era of shrinking military budgets , the Pentagon was unlikely to invest heavily elsewhere in the region to replace the Subic Bay Naval Base .. These projects share the same the economic model as the research library , in which use is subsidised ; thus each also faces the dilemma that research library budgets are growing far more slowly than are the price and volume of information.3 A new business model is needed to support libraries print or digital for startup funding for digital projects is far easier to find than continuing operational budgets . " Information on assembling profitable budgets was just one part of a professional development project that extended beyond Guam to include Pacific Islands from Hawaii to Micronesia .