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President Ross to discuss progress on strategic priorities with trustees

Audit of CMU’s financial statements also on agenda

Contact: Heather Smith

​The Central Michigan University Board of Trustees will discuss a report reviewing the 2014-2015 strategic priorities, initiatives and metrics when they meet Thursday at 9:30 a.m. in the President’s Conference Room in the Bovee University Center.

CMU’s five strategic priorities include student success, research and creative activity, quality faculty and staff, community partnerships, and infrastructure stewardship. President George E. Ross will share how the university is doing in meeting metrics related to each area and lead the board in a discussion about 2015-16 priorities.

Trustees also will hear a presentation by Plante Moran, the university’s external audit firm, regarding CMU’s 2014-2015 financial statements.

Trustees will delay acceptance of the audited financial statements as they wait for data from the Michigan Auditor General about a pension liability to the Michigan Public School Employees’ Retirement System that needs to be booked.

Implementation of a new Governmental Accounting Standards will require the university to record the unfunded pension liability estimated at $93.4 million. This liability will result in a direct reduction of the university’s unrestricted net assets.

Once the auditor general provides the exact amount of the liability, a special meeting will be scheduled to accept the audit reports.

Trustees also will discuss the presidential evaluation process. The board reviews the president’s performance every year and does a comprehensive assessment every three years. The more extensive evaluation is due this year.

In addition, the following committee meetings will be open to the university community and the general public on Wednesday, Sept. 16, in the President’s Conference Room.

Academic and Student Affairs    2:45-3:45 p.m.
Finance and Facilities    4-4:50 p.m.
Trustees-Faculty Liaison    5 - 6 p.m.
Trustees-Student Liaison    6 - 7 p.m.

A presentation by Provost Michael Gealt on the university’s reaccreditation by the Higher Learning Commission will be among the items on the agenda of the Academic and Student Affairs Committee. Trustees also will hear a presentation on student support activities provided by Career Services.

The agenda for the September meeting and a schedule of committee meetings are available on the Board of Trustees’ website.

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