FINANCE COMMITTEE

BOARD OF TRUSTEES

Northern Michigan University

Agenda for meeting of September 27, 2007

1. Review and approval of previous minutes for July and August 2007*   (CAR)

Open Agenda

2. Audits – Ms. Jill Compton, Internal Auditor and Mr. Matthew Riipi, Consultant

· Internal Audits*   (CAR)

§ University Department Credit Card Review – 2002/2003-8

§ Computer Security Audit for FY 2002-2003 – 2002/2003-9

§ Computer Security Audit for FY 2003-2004 – 2003/2004-11

§ Audit of Financial Statements for WNMU-TV and WNMU-FM for FY 2005-2006 – 2006/2007-8

§ Audit of the USOEC – 2006/2007-12

· Michigan Economic Development Corporation (MEDC) Audit*   (CAR)

§ Job Training Program – American Eagle – Grant #05-1314

· Financial Statements – Year-ending June 30, 2007*   (CAR)

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

· State Budget Request Update*

· 2007-2008 General Fund Base Budget  (CAR)

· 2007-2008 Designated Fund Base Budget  (CAR)

· Financial Indicators*

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

· Facilities 5-Year Master Plan Request / Capital Outlay Project Request*   (CAR)

· Combined Heat and Power Cogeneration Update*

5. Other

· Long-term Maintenance Projects*

· Retiree Health Policy*  (CAR)

· New Finance and Administration Division staff

Closed Agenda

6. Investment Performance – Mr. Dave Wetzel, Fund Evaluation Group

· Review of Investment Management performance*

*Back-up information attached

(CAR) = Committee Action Required