FINANCE COMMITTEE
BOARD OF TRUSTEES
NORTHERN MICHIGAN UNIVERSITY
Agenda for meeting of May 5, 2005
1. Review and approval of previous minutes – December 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