FINANCE COMMITTEE

                                                          BOARD OF TRUSTEES

                                                NORTHERN MICHIGAN UNIVERSITY

 

                                                  Agenda for meeting of May 5, 2005

 

 

1.      Review and approval of previous minutesDecember 16, 2004 (attached)   (CAR)

 

 

Closed Agenda

 

2.        Investment Performance

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

 

3.        Audits

·        Office of the Auditor General – University Audit Update – Mr. Matthew Riipi, Internal Auditor

 

 

Open Agenda

 

4.        Audits – Mr. Matthew Riipi, Internal Auditor

·         2005-2006 Proposed Audit Plan   (CAR)

·         Internal Audits   (CAR)

§          2002/2003-7 – Library Audit

§          2003/2004-14 – Hockey Credit Card Purchases

§          2004/2005-10 – WNMU-TV/FM Contribution Processing Review

 

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

§          Louisiana-Pacific Corporation/Kimberly Clark Corporation – Grant #02-520

§          L’anse Manufacturing – Grant #03-920

§          Peninsula Copper Industries, Inc. – Grant #03-923

 

·        Department of Education – Federal Student Aid Audit Update  (CAR)

 

5.        Budgets – Mr. Gavin Leach, Associate Vice President for Finance and Planning; Mr. Andrew Wasilewski, Associate Vice President for Auxiliary Services; Mr. Carl Holm, Director – Housing and Resident Life

·         Fiscal Year 2005 Operating and General Fund Budget Update – Mr. Gavin Leach

·         Key Indicators – Mr. Gavin Leach

·         2005-2006 Continuing General Fund Base Budget (CAR) – Mr. Gavin Leach

·         2005-2006 Continuing Designated Fund Base Budget (CAR) – Mr. Gavin Leach

·         2005-2006 Auxiliary Operations Budget (CAR) – Mr. Andy Wasilewski

·         2005-2006 Student Life Budget (CAR) – Mr. Carl Holm

·         2005-2006 Dining Services and Housing and Residence Life Rate Schedule   (CAR) – Mr. Carl Holm

 

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

·         Revisions to the State’s Capital Outlay Process

·         Update on current University projects

 

7.      Other

·         Contract Signing Authorization (CAR) – Dr. Michael J. Roy

·         Status of General Revenue Bond Financing (CAR) – Ms. Sandra Haavisto, Controller

 

 

(CAR) = Committee Action Required