FINANCE COMMITTEE

BOARD OF TRUSTEES

NORTHERN MICHIGAN UNIVERSITY

Agenda for meeting of July 11, 2012

Closed Agenda

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

· Review of investment management performance

Open Agenda

2. Audits

· Internal Audits – Ms. Jill Compton, Internal Auditor

§ Audit Open Issues Report

· Michigan Economic Development corporation (MEDC) Audit – Mr. Gavin Leach

§ Economic Development Job Training Program Audit – Grant No. 08-1811

· Meeting date for Finance Committee to discuss Financial Statements for year ending June 30, 2012 with external auditors

§ Proposed Dates: September 4, 5, or 6

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

· State Appropriations and Tuition and Fees/Budget Update

· Academic Fee

· Key Indicators

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

· Facilities Update

· State Capital Outlay Update

· Cogen Project Update

· Liquor Licenses

5. Other

· Alternative Funding Subcommittee Report – Mr. Steve Gulis

· Finance and Administration Division Road Map Update