BOARD OF TRUSTEES
NORTHERN MICHIGAN UNIVERSITY
Report of meeting held September 6, 2012
The conference call meeting of the Finance Committee of the Board of Trustees was convened at 9:34 a.m., Thursday, September 6, 2012, in Room 602 Cohodas Hall by Mr. Stephen F. Adamini, Chair (via phone). Also present at the meeting were:
Mr. Stephen L. Gulis, Jr. Board of Trustees Member and Committee Member (via phone)
Mr. Richard M. Popp Boart of Trustees Member and Committee Member (via phone)
Mr. Gilbert L. Ziegler Board of Trustees Member and Committee Member (via phone)
Mr. Brian Cloyd Board of Trustees Member and Committee Member (via phone)
Dr. H. Sook Wilkinson Board of Trustees Member (via phone)
Dr. Davis S. Haynes President and ex officio
Mr. R. Gavin Leach Vice President for Finance and Administration and Treasurer of the Board of Trustees
Ms. Sherri Towers Budget Director
Ms. Sandra Haavisto Controller
Mr. Jamie Beauchamp Assistant Controller
Mr. Stephen Peacock Principal, Rehmann Robson
Ms. Stacie Kwaisar Principal, Rehmann Robson (Lansing Office)
Mr. Stephan Peacock and Ms. Stacie Kwaisar, with Rehmann Robson, Certified Public Accountants, our external auditors, presented the findings of the audit and reviewed the draft of the 2011-2012 financial statements. They informed the committee that they will be issuing a clean, unqualified opinion and that the audit went very well.
Mr. Peacock and Ms. Kwaisar also reviewed the draft of the SAS 115 letter with the Committee.
Mr. Peacock, Ms. Kwaisar, and staff responded to questions and concerns from the Committee.
The Committee authorized the administration to proceed with the printing of the universitys Financial Statements to present to the Board of Trustees at the September 20, 2012 meeting.
The committee then met with Mr. Peacock and Ms. Kwaisar without the NMU staff present.
The meeting was adjourned at 10:35 p.m.
Stephen F. Adamini, Chair