BOARD OF TRUSTEES
NORTHERN MICHIGAN UNIVERSITY
Report of meeting held July 1, 2009
A conference call meeting of the Finance Committee of the Board of Trustees was convened at 9:05 a.m., Wednesday, July 1, 2009, in room 602 Cohodas Hall by Mr. Stephen F. Adamini, Chair. Also present at the meeting were:
Mr. Brian Cloyd Board of Trustees Member and Committee Member (via phone)
Mr. Gilbert L. Ziegler Board of Trustees Member and Committee Member (via phone)
Dr. Douglas B. Roberts Chair of the Board of Trustees and ex officio (via phone)
Dr. Leslie E. Wong President and ex officio
Mr. R. Gavin Leach Vice President for Finance and Administration and Treasurer of the Board of Trustees
Ms. Sherri A. Towers Budget Director
Ms. Cindy Pohlman Senior Financial Analyst
Mr. David Haynes
Mr. Leach gave a report on the current status of the state budget, NMUs current budget outlook, and current unknowns in budget planning, including enrollment, compensation, tuition and fees, stimulus funding, and potential state scholarship/financial aid reductions. There was open discussion and questions related to expenditures, state budget status, and tuition and fees.
The conference call/meeting was adjourned at 10:01 a.m. with another conference call/meeting being scheduled for Wednesday, July 8 at 4:00 p.m.