Provost Peter Salovey is the chief educational and administrative officer of the University after the president. The provost oversees academic policies and activities throughout the University. All deans report to him, and he is an ex-officio member of every faculty and governing board and of all committees or other bodies concerned with educational policy or with faculty appointments or promotions. The provost also has direct responsibility for all academic support units. He has institutional responsibility for the allocation of resources and chairs the University Budget Committee. In collaboration with the vice president for finance and business operations, he presents the annual operating and capital budgets of the University to the president and the Yale Corporation. The deputy and associate provosts work with the provost in carrying out these responsibilities.