FINANCE COMMITTEE

                                                          BOARD OF TRUSTEES

                                              NORTHERN MICHIGAN UNIVERSITY

 

                                                 Agenda for meeting of May 4, 2007

 

 

1.      Review and approval of previous minutes – December 15, 2006 (attached)   (CAR)

 

 

Closed Agenda

 

2.        Investment Performance

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

·         FEG Advisors Program

 

 

Open Agenda

 

3.        Audits – Mr. Matthew Riipi, Internal Auditor

·         Internal Auditor Transition

§         Job Description*

§         CPB Audit

·         2007-2008 Proposed Audit Plan*   (CAR)

·         Internal Audits*   (CAR)

§          2006/2007-9 – Purchasing Audit

§          2006/2007-10 – Audit of Upward Bound

·         Michigan Economic Development Corporation Audits*   (CAR)

§          B3CP Computer Grant #04-1253 and Upper Peninsula Consortium Grant #04-1233

 

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

·         2007-2008 Auxiliary Operations Budget*   (CAR)

·         2007-2008 Student Life Budget and Dining Services and Housing and Residence Life Rate Schedule*   (CAR)

·         2007-2008 Continuing General Fund Base Budget  (CAR)

·         2007-2008 Continuing Designated Fund Base Budget  (CAR)

·         Fiscal Year 2007 General Fund Budget Summary*

·         Key Indicators*

 

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

·         Heat, Power, Research, and Jobs – A Biomass Fueled Combined Heat and Power (CHP) Cogeneration Plant*

·         CHP – Third Party Financing Analysis*

·         Update on MGH / NMU Space Discussions

·         Agreement to Release Negative Agreement between NMU and MGH   (CAR)

·         Easement Agreement between NMU and First Baptist Church   (CAR)

 

6.      Other

·         Student Athletic Fee   (CAR)

·         Update on Bookstore, Dining Services, and Campus Master Planning Studies

·         Tentative Date of August 16, 2007 at Rehmann Robson, Grand Rapids, for Finance Committee meeting to review Draft of 2006-2007 Financial Statements   (CAR)

·         Legal Representation Question*

 

 

(CAR) = Committee Action Required

 

*Back-up information attached