FINANCE COMMITTEE

BOARD OF TRUSTEES

Northern Michigan University

Agenda for meeting of December 15, 2006

1. Review and approval of previous minutes for October 2006*   (CAR)

Closed Agenda

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

· Review of Investment Management performance*

· Advisor’s presentation*

Open Agenda

3. Audits – Mr. Matthew Riipi, Internal Auditor

· Internal Audits*   (CAR)

§ Audit of Bookstore Inventory Review for 2006 – 2026/2007-6

§ Audit of Athletic Camps – 2206/2007-7

· Follow up of Audit of the University Charter Schools Program – 2006/2007-3

§ Liability insurance coverage for oversight responsibility for Charter Schools Program*

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

· Budget Update*

· Financial Indicators*

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

· Financing the renovation of Van Antwerp and Hunt Halls

· Declaration of Official Intent to Reimburse Capital Expenditures from the Proceeds of Future Tax-Exempt Debt Obligations   (CAR)

· Update on Combined Heat and Power Cogeneration Project

6. Other

· MGH Lease of Space in the University Center

· Renaming Dining Services’ Venues*   (CAR)

· Bookstore Consultant

*Back-up information attached

(CAR) = Committee Action Required