FINANCE COMMITTEE

BOARD OF TRUSTEES

Northern Michigan University

Agenda for meeting of July 8, 2010

Revised

Closed Agenda

1. Investment Performance

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

(Performance Report, Endowment, Portfolio Spotlight)

Open Agenda

2. Previous Minutes

· Review and approval of previous minutes for April 29, 2010 and June 21, 2010  

3. Audits

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

§ Open Issues Report

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

§ Proposed Dates: September 8, 9, 10

· External Auditors

§ Professional Services Plan – Year Ending June 30, 2010

§ Engagement Letter

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

· Tuition and Fees and Budget

· Biology Lab Course Fee, Chemistry Lab Course Fee, Nursing Program Fee

· GASB exposure draft on pension plan accounting

· Key Indicators

5. Facilities

· Facilities Update

6. Other

· Finance and Administration Road Map to 2015 Update