FINANCE COMMITTEE

                                                         BOARD OF TRUSTEES

                                              NORTHERN MICHIGAN UNIVERSITY

                                             Agenda for meeting of August 4, 2005

1. Review and approval of previous minutes for May 2005 (attached)   (CAR)

Open Agenda

1.    Draft of 2004-2005 Audited Financial Statements and Management Letter (CAR)

· Mr. Jeff Fineis, Partner – Andrews, Hooper, and Pavlik P.L.C

      Mr. Duane Reyhl, Senior Manager – Andrews, Hooper, and Pavlik P.L.C.

      Ms. Sandra Haavisto, Controller – Northern Michigan University

2. 2005-2006 General Fund Operating Budget (CAR)

3. 2005-2006 Designated Fund Budget (CAR)

4. State Auditor General – Performance Report

5.    Non-optional Retirement Plan (CAR)

(CAR) = Committee Action Required