NORTHERN MICHIGAN UNIVERSITY
BOARD OF TRUSTEES
Minutes of the Meeting of the Alternative Funding Subcommittee
Wednesday, July 13, 2011
A meeting of the Alternative Funding Subcommittee of the Board of Trustees of Northern Michigan University was held on Wednesday, July 13, 2011. It was convened by Chair Stephen L. Gulis at 10:08 a.m.
Participating were:
Mr. Stephen L. Gulis, Chair
Stephen F. Adamini
Gilbert L. Ziegler (via telephone)
Mr. Brian D. Cloyd (ex officio)
Staff present:
Mr. R. Gavin Leach, Vice President for Finance and Administration
Define Subcommittee Objective
Mr. Gulis reviewed the Subcommittee charge. Mr. Gulis and Mr. Leach will review the wording of this charge. It was agreed that leveraging student capabilities should be added.
Subcommittee Make-up
The Subcommittee discussed the membership of this group. It was decided that the Board members would be the voting members, although it would be beneficial to invite resource people to attend meetings. Examples of resource people include Deans, key stakeholders in large area businesses along with someone to represent the smaller area employers, someone connected to a university who has experience in this area, and someone with a background in contracted programs.
Identification of Potential Alternative Funding Opportunities
The Subcommittee reviewed objectives in areas of Enhancement and Maximization of Current Funding Programs and New Funding Opportunities.
Meeting Frequency
The Subcommitee agreed to meet one or two times via teleconference in addition to the Board meeting dates.
Next Steps
Mr. Leach and Mr. Gulis will meet to discuss action steps for the Subcommittee, identify resource people, and to review the Subcommittee charge. The Subcommittee will begin to review objectives at the next meeting. The next meeting is scheduled for August 11 at 8:30 a.m. via teleconference.
Mr. Gulis adjourned the meeting at 10:50 a.m.
Respectfully submitted,
Stephen L. Gulis, Jr., Chair