FINANCE COMMITTEE

                                                         BOARD OF TRUSTEES

                                              NORTHERN MICHIGAN UNIVERSITY

                                            Agenda for meeting of October 7, 2004

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

Closed Agenda

2. Review of Investment performance  (information only)

· Mr. David Wetzel, Fund Evaluation Group

· Hedge Funds*

· Bond Laddering

Open Agenda

3. Internal Audits   (CAR)

· 2003-2004-9 – Financial Aid Special Review*

· 2004-2005-3 – Bookstore Inventory*

· 2004-2005-4 - Tuition and Grading Controls Review for FY2003-2004*

Michigan Economic Development Corporation (MEDC) Audit   (CAR)

· American Communication Network Grant #02-851*

· International Paper – Quinnesec Grant #03-922*

4. Financial Statements for year ended June 30, 2004*   (CAR)

5. Review 2005-2006 Operating Budget Request*   (CAR)

6. Review Facilities 5-Year Master Plan Request*   (CAR)

· 2004-2005 Capital Outlay Project Request*   (CAR)

7. Bond Issue Authorization*   (CAR)

8. Tuition Restraint Certification*   (information only)

9. Financial Indicators*   (information only)

(CAR) = Committee Action Required

*Back-up information attached