FINANCE COMMITTEE

BOARD OF TRUSTEES

Northern Michigan University

Agenda for meeting of December 16, 2011

Closed Agenda

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

· Review of Investment Management performance

Open Agenda

2. Audits

· Internal Audit  – Ms. Jill Compton, Internal Auditor

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

· RFP for Audit Services for University audit

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

· Budget Update

· Key Indicators

· Flex Spending Account and Health Reimbursement Plans

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

· Facilities Five-Year Master Plan and Fiscal Year 2013 Capital Outlay Projects

· Major Facilities Projects Update

· Dome Update

· Bond Authorization – Cogeneration Project

· Bond Rating Update

· Temporary Liquor Licenses

· Auxiliary Services Update – Mr. Arthur Gischia, Associate Vice President

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

· Statement of Investment Policy for Operating Cash

· Finance and Administration Division Roadmap Update