FINANCE COMMITTEE

BOARD OF TRUSTEES

Northern Michigan University

Agenda for meeting of April 30, 2015

Closed Agenda

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

· Review of investment management performance*

(Observations and Recommendations, Endowment, Cash Operating, Short Term, NACUBO Study of Endowments)

Open Agenda

2. Audits

· Internal Audits – Ms. Jill Compton, Internal Auditor

§ Audit Open Issues Report

· External Audits – Ms. Sandy Haavisto, Controller

§ External Audit Report – Rehmann Robson

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

· 2015-2016 Dining Services and Housing and Residence Life Rate Schedule

· 2015-2016 Auxiliary Operations Budget            

· 2015-2016 Student Life Budget

· 2015-2016 Continuing General Fund Base Budget

· 2015-2016 Continuing Designated Fund Base Budget

· Key Indicators

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

· Major Facilities Project Update

· Facilities / Capital Outlay Update

· Temporary Liquor Licenses

5.    Other

· State of MI Federal Surplus Assistance Program              

· Policy for Residency for Tuition Purposes

· Policy for DeVos Art Museum Collection Management