FINANCE COMMITTEE

                                                                        BOARD OF TRUSTEES

                                                               NORTHERN MICHIGAN UNIVERSITY

                                                                 Agenda

                                                                                 Thursday, July 23, 2015

                                                                                       10:00 -11:00a.m.

Marquette/Nicolet/Cadillac Rooms, University Center

1. Investment Performance – Mr. Gavin Leach, Vice President for Finance and Administration

Review of investment management performance (Endowment, Cash Operating and Short Term Flash Reports)

Open Agenda

2. Audits

§ Internal Audits – Ms. Jill Compton, Internal Auditor

§ Audit Open Issues Report 

§ External Audits – Ms. Sandy Haavisto, Controller

§ Anderson, Tackman & Company, PLC – Three Year Proposal

§ Meeting date for Finance Committee to discuss Financial Statements for year ending June 30, 2015 with external auditors

§ Proposed Dates: September 1 through September 4, 2015

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

§ 2015-2016 General Fund Base Budget

§ 2015-2016 Designated Fund Base Budget

§ Key Indicators

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

§ Facilities/Capital Update  

5. Other

§ Distance Education Fee – Mr. Steve VandenAvond, Vice President for Extended Learning and Community Engagement

§ Chemistry Department purchase of NMR Spectrometer

§ Temporary Liquor License

§ Reorganization of NMU Concessions from Intercollegiate Athletics/Recreational Sports to Dining Services Department, Finance and Administration Division