Air University Finance and Planning Committee work under the Vice-Chancellor, and shall be responsible for framing all the financial policies and rules of the University.

The Finance and Planning Committee have the responsibility to approve the annual budget estimates of various constituent units and of the head office of the University. It is also responsible to submit the Board an annual statement of how well the constituent units are functioning.

The audited statement of accounts also submits to the Board for approval after being recommended by the Finance and Planning Committee.