FINANCE COMMITTEE

BOARD OF TRUSTEES

Northern Michigan University

Agenda for meeting of December 10, 2009

Closed Agenda

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

· Review of Investment Management performance 

Open Agenda

2. Review and approval of previous minutes for September 24, 2009*

3. Audits

· Internal Audit  – Ms. Jill Compton, Internal Auditor

§ Audit Open Issues Report*

· External Audit  – Mr. Matthew Riipi – Audit Consulting Services

§ CPB – Audit of WNMU-TV and WNMU-FM Financial Statements*

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

· Stimulus Funds*

· Budget discussion

· Key Indicators*

5. Facilities – Mr. Gavin Leach, Vice President for Finance and Administration

· Facilities Five Year Master Plan* 

· Bonds – Resolution on Converting Bonds to Private Activity Bonds (University Center and Superior Dome)*

· CHP Project Update

· Liquor License Transfer*

6. Other – Mr. Gavin Leach, Vice President for Finance and Administration

· Student Managed Investment Fund*

Mr. Andrew Foster, Student Representative – Student Managed Investment Fund

· Retirement Plan Level Investment Consultant Approval Authorization*

· Contract Signing Authority*

· Finance and Administration Division Roadmap Update*

*Back-up information attached