FINANCE COMMITTEE

BOARD OF TRUSTEES

Northern Michigan University

Agenda for meeting of July 16, 2009

1. Previous Minutes

· Review and approval of previous minutes for May 2009, July 1, 2009, July 8, 2009, and July 14, 2009*  

Closed Agenda

2. Investment Performance

· Review of Investment Performance – Mr. David Wetzel, Fund Evaluation Group

Open Agenda

3. Audits

· Internal Audits – Ms. Jill M. Compton, Internal Auditor

§ Open Issues Report*

§ Proposed Audit Plan – 2009 – 2010

· Meeting date for August Finance Committee meeting to discuss Financial Statements with external auditors

· External Auditor Professional Services Plan – Year Ending June 30, 2009*

4. Budgets – Mr. Gavin Leach, Vice President for Finance and Administration

· Student Athletic Fee

· Tuition and Fees and Budget

· Key Indicators*

5. Facilities

· Adopt-a-Flower Bed Program

· Cogeneration Project Update

6. Other

· Line of Credit Resolution*

· WiMax Update*

*Back-up information attached