FINANCE COMMITTEE

BOARD OF TRUSTEES

Northern Michigan University

Agenda for meeting of December 13, 2007

1. Review and approval of previous minutes for September 2007*   (CAR)

Closed Agenda

2. Investment Performance

· Review of investment performance*

· FEG Advisor’s transition

Open Agenda

3. Audits – Ms. Jill Compton, Internal Auditor

· Internal Audit*   (CAR)

§ Summary of new process for reviewing Internal Audit issues*

§ Audits Recommended for Closure*

§ Audit Issues Report*

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

· Revised General Fund Budget* (CAR)

· State Budget Request* (CAR)

· Financial Indicators*

5. Capital Outlay – Mr. Gavin Leach, Vice President for Finance and Administration

· Bond resolution for Hunt Hall* (CAR)

· Update on Combined Heat and Power Cogeneration Project

6. Other – Dr. Michael J. Roy, Special Projects Consultant; Ms. Felecia Flack, Director of AdIT Consulting and Support Services; Mr. James Thams, CAD/GIS Manager/Owner Rep

· Space Utilization*

*Back-up information attached

(CAR) = Committee Action Required