FINANCE COMMITTEE

BOARD OF TRUSTEES

Northern Michigan University

 

Agenda for meeting of July 8, 2010

Revised

 

 

 

 

 

Closed Agenda

1.    Investment Performance

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

(Performance Report, Endowment, Portfolio Spotlight)

 

Open Agenda

2.    Previous Minutes

·         Review and approval of previous minutes for April 29, 2010 and June 21, 2010  

 

3.    Audits

·         Internal Audits – Ms. Jill M. Compton, Internal Auditor

§  Open Issues Report

·         Meeting date for August Finance Committee meeting to discuss Financial Statements with external auditors

§  Proposed Dates: September 8, 9, 10

·         External Auditors

§  Professional Services Plan – Year Ending June 30, 2010

§  Engagement Letter

 

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

·         Tuition and Fees and Budget

·         Biology Lab Course Fee, Chemistry Lab Course Fee, Nursing Program Fee

·         GASB exposure draft on pension plan accounting

·         Key Indicators

 

5.    Facilities

·         Facilities Update

 

6.    Other

·         Finance and Administration Road Map to 2015 Update