FINANCE COMMITTEE

                                                          BOARD OF TRUSTEES

                                              NORTHERN MICHIGAN UNIVERSITY

                                                 Agenda for meeting of May 5, 2006

1. Review and approval of previous minutes – December 15, 2005 (attached)   (CAR)

Closed Agenda

2. Investment Performance

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

· Student Management Investment Fund*   (CAR)

Open Agenda

3. Audits – Mr. Matthew Riipi, Internal Auditor

· 2006-2007 Proposed Audit Plan*   (CAR)

· Internal Audits*   (CAR)

§ 2002/2003-4 – Audit of Room and Board for 2001-2002

§ 2005/2006-8 – Audit of Financial Statements for WNMU-TV and FM for FY 2004/2005

§ 2005/2006-10 – Mail Service Audit

4. Budgets – Mr. Gavin Leach, Associate Vice President for Finance and Planning; Mr. Andrew Wasilewski, Associate Vice President for Auxiliary Services; Mr. Carl Holm, Director – Housing and Resident Life

· 2006-2007 Auxiliary Operations Budget*   (CAR) – Mr. Andy Wasilewski

· 2006-2007 Student Life Budget and Dining Services and Housing and Residence Life Rate Schedule*   (CAR) – Mr. Carl Holm

· 2006-2007 Continuing General Fund Base Budget (CAR) – Mr. Gavin Leach

· 2006-2007 Continuing Designated Fund Base Budget (CAR) – Mr. Gavin Leach

· Fiscal Year 2006 General Fund Budget Summary – Mr. Gavin Leach

· Key Indicators* – Mr. Gavin Leach

5. Capital Outlay – Dr. Michael J. Roy, Vice President for Finance and Administration

· Ripley Heating Plant – Solid Fuel Boiler Project*

· 2006 Summer Projects*   (CAR)

6. Other

· Student Athletic Fee   (CAR)

· Series 2006 Bond Issue*

· Schaffer Street

(CAR) = Committee Action Required

*Back-up information attached