FINANCE COMMITTEE

BOARD OF TRUSTEES

Northern Michigan University

Agenda for meeting of December 9, 2010

Closed Agenda

1. Investment Performance – Mr. Dave Wetzel, Fund Evaluation Group

· Review of Investment Management performance

· Investment Spending Policy

Open Agenda

2. Review and approval of previous minutes for September 23, 2010

3. Audits

· Internal Audit – Ms. Jill Compton, Internal Auditor

§ Open Issues Report

· External Audit – Mr. William Sheltrow, CPA – Anderson, Tackman & Company, p.l.c.

§ CPB – Audit of WNMU-TV and WNMU-FM Financial Statements

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

· Budget Update

· Key Indicators

5. Facilities – Mr. Gavin Leach, Vice President for Finance and Administration

· Facilities Five-Year Master Plan and Fiscal Year 2012 Capital Outlay Projects

· Major Facilities Projects Update

· Co-Gen Project Update

· Long-term Financing of Potential Facilities Projects

· Golf Class Course Fee

· Way-Finding

6. Other – Mr. Gavin Leach, Vice President for Finance and Administration

· Merit, Inc. Assurance Agreement Discussion

· Finance and Administration Division Roadmap Update