FINANCE COMMITTEE

BOARD OF TRUSTEES

NORTHERN MICHIGAN UNIVERSITY

Agenda for meeting of April 28, 2011

Closed Agenda

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

· Review of investment management performance

· Investment Policy for Current Operating Fund

Open Agenda

2. Review and approval of previous minutes – December 9, 2010

3. Audits

· Internal Audits – Ms. Jill Compton, Internal Auditor

§ Audit Open Issues Report

· External Auditors

§ Professional Services Plan / Engagement Letter

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

· 2011-2012 Dining Services and Housing and Residence Life Rate Schedule

· 2011-2012 Auxiliary Operations Budget

· 2011-2012 Student Life Budget

· 2011-2012 Continuing General Fund Base Budget

· 2011-2012 Continuing Designated Fund Base Budget

· Fiscal Year 2011 General Fund Budget Update

· Key Indicators

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

· Facilities Update

· Capital Outlay Update

6. Other

· Contract Signing Authority

· Finance and Administration Division Road Map Update