FINANCE COMMITTEE

                                                        BOARD OF TRUSTEES

                                            NORTHERN MICHIGAN UNIVERSITY

                                        Agenda for meeting of December 15, 2005

1. Review and approval of previous minutes – October 6, 2005*   (CAR)

Closed Agenda

2. Investment performance – Mr. David Wetzel, Fund Evaluation Group

· Review of Investment Performance

Open Agenda

3. Audits – Mr. Matthew Riipi, Internal Auditor

· Internal Audits*

§ Computer Asset Management System – 2001/2002-7

§ Audit of Recreation Memberships – 2006/2006-5

§ Audit of Vehicle Donation Program – 2005/2006-6

§ Parking Revenue Audit – 2005/2006-7

· External Audit RFP and Recommendation

4. Budgets – Mr. Gavin Leach, Associate Vice President for Finance and Planning

· State Operating Budget Request – 2006-2007*   CAR

· Revised General Fund Base Budget – 2005-2006*   CAR

· Budget to Actual*

· Key Indicators*

5.     Capital Outlay – Dr. Michael J. Roy, Vice President for Finance and Administration

· New Student Apartments

· Meyland Hall

(CAR) = Committee Action Required

*Back-up information attached