FINANCE COMMITTEE

BOARD OF TRUSTEES

Northern Michigan University

Agenda for meeting of July 17, 2008

1. Review and approval of previous minutes for May 2008*   (CAR)

Closed Agenda

2. Investment Performance

· Review of Investment Performance* – Mr. David Wetzel, Fund Evaluation Group

Open Agenda

3. Audits

· Internal Audits – Ms. Jill M. Compton, Internal Auditor

§ Audit Issues Report*  (CAR)

§ 2008-2009 Proposed Audit Plan*  (CAR)

· Meeting date for August Finance Committee meeting to discuss Financial Statements with external auditors  (CAR)

· External Auditor Professional Services Plan – Year Ending June 30, 2008*  (CAR)

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

· 2008-2009 Continuing Designated Fund Budget  (CAR)

· 2008-2009 Continuing General Fund Budget  (CAR)

· Key Indicators*

5. Capital Outlay – Dr. Michael J. Roy, Special Projects Consultant

· Fiscal Year 2009 Long-Term Maintenance Update*

6. Other

· Veteran’s Scholarship *

· Finance and Administration Division Roadmap Update*

*Back-up information attached

(CAR) = Committee Action Required