FINANCE COMMITTEE

                                                         BOARD OF TRUSTEES

                                              NORTHERN MICHIGAN UNIVERSITY

                                                Agenda for Meeting of May 2, 2003

I. Review and approval of previous minutes (attached)   (CAR)

II. Closed Agenda

1) Investments  (information only)

· Manager Performance Expectations

· Custody Transition and Investment in the New Portfolio Structure

· Performance Evaluation Report for Periods Ending December 31, 2002

III. Open Agenda

1) Internal Audits   (CAR)

· 2000/2001-15    Computer Security Audit for FY 2000-2001

· 2001/2002-3      Tuition and Grading Controls Review for FY 2000-2001

· 2002/2003-1      Tuition and Grading Controls Review for FY 2001-2002

· 2002/2003-5      Audit of Financial Statements of WNMU-TV and FM for FY 2001-                                                   2002

· 2002/2003-6      Human Subjects Research Review

2) Michigan Economic Development Corporation (MEDC) Audits   (CAR)

· Connor Sports Flooring Corporation Grant #01-132 / Horner Flooring Company Grant #01-314

· Smurfit Stone Container Corporation Grant #01-311

3) Proposed Audit Plan for 2003-2004  (CAR)

4) External Audit:

· Scope Letter (information only)

· Audit services for FY 2002-2003  (CAR)

§ Andrews, Hooper, and Pavlik, p.l.c.

 (Recommendation needed to authorize the administration to contract for audit    services for the 2003 fiscal year audit.)

5) Modified Educational Assistance Plan  (CAR)

6) HIPPA Regulations  (CAR)

7) Changes to Authorized Bank Signatures   (CAR)

(CAR) ® Committee Action Required