FINANCE COMMITTEE

BOARD OF TRUSTEES

NORTHERN MICHIGAN UNIVERSITY

Report of meeting held February 21, 2008

OPEN AGENDA

Mr. Leach provided the committee with an update on NMU’s 1997, 1998, 2001, 2005, and 2006 bond issues.  This report was for information only and no action is required.

Mr. Leach reviewed the R.W. Beck, Inc. report of NMU’s Combined Heat and Power Cogeneration Project.  The report was for information only and no action is required.

Mr. Leach also reviewed with the committee the Financial Indicators for February 2008.  This report was for information only.