FINANCE COMMITTEE

BOARD OF TRUSTEES

Northern Michigan University

Agenda for meeting of December 13, 2012

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

§ Open Issues Report

§ Proposed Audit Plan

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

§ Letter to Board of Trustees

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

· Audit Services for Fiscal Year 13 University audit

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

· Budget Update

§ FY13-14 State Budget Development

· Key Indicators

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

· Facilities Five-Year Master Plan

· Major Facilities Projects Update

· Temporary Liquor License

5. Other – Mr. Steve Gulis, Jr.

· Spending Policy Update