FINANCE COMMITTEE

BOARD OF TRUSTEES

NORTHERN MICHIGAN UNIVERSITY

Report of meeting held July 8, 2009

A conference call meeting of the Finance Committee of the Board of Trustees was convened at 4:04 p.m., Wednesday, July 8, 2009, in room 602 Cohodas Hall by Mr. Stephen F. Adamini, Chair.  Also present at the meeting were:

            Mr. Brian Cloyd – Board of Trustees Member and Committee Member (via phone)

            Mr. Larry C. Inman – Board of Trustees Member and Committee Member (via phone)

Mr. Gilbert L. Ziegler – Board of Trustees Member and Committee Member (via phone)

            Mr. R. Gavin Leach – Vice President for Finance and Administration and Treasurer of the Board of Trustees

            Ms. Sherri A. Towers – Budget Director

            Ms. Cindy Pohlman – Senior Financial Analyst

            Mr. David Haynes

OPEN AGENDA

The committee discussed the General Fund Budget and tuition and fees.  There was open discussion and questions related to enrollment, expenditures, state budget status, tuition and fees, and stimulus funding.

The committee would like to schedule another meeting/conference call for next week, possibly Tuesday, July 14 in the afternoon.  Ms. Niemi will poll the committee as to their availability.

The conference call/meeting was adjourned at 5:18 p.m.