FINANCE COMMITTEE

BOARD OF TRUSTEES

NORTHERN MICHIGAN UNIVERSITY

Agenda for meeting of May 3, 2012

Closed Agenda

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

· Review of investment management performance*

(Endowment, Short Term, Cash Operating, Quarterly Commentary, 2011 NACUBO Endowment Study, Performance Attribution)

Open Agenda

2. Audits

· Internal Audits – Ms. Jill Compton, Internal Auditor

§ Audit Open Issues Report

· External Audit

§ Professional Services Plan / Engagement Letter for Fiscal Year 2011-12

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

· 2012-2013 Dining Services and Housing and Residence Life Rate Schedule

· 2012-2013 Auxiliary Operations Budget

(Budget and Explanation)

· 2012-2013 Student Life Budget

(Budget and Explanation)

· 2012-2013 Continuing General Fund Base Budget

· 2012-2013 Continuing Designated Fund Base Budget

· Key Indicators

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

· Facilities Update

· Capital Outlay Update

5. Other

· Alternative Funding Subcommittee Report – Mr. Steve Gulis

· Finance and Administration Division Road Map Update