University of North Florida
Board of Trustees
Finance and Audit Committee

  • Meeting
December 9, 2004
University Center at 8:30 a.m.

Item 1 Call to Order

Chair Twomey will call the meeting to order.

Item 2 Approval of Minutes (September 15, 2004)

Chair Twomey will ask for approval of the minutes from the September 15, 2004 meeting.


Proposed Action -- Approval -- Motion and second required.

Item 3 Signature Authority for Checks

This is a request to authorize five additional employees to sign checks to pay legal obligations of the University in compliance with Section 1011.42(7) F.S.

Proposed Action -- Approval -- Motion and second required.

Item 4 UNF Investment Policy

Florida Statute 1011.42 requires that investments of university funds shall comply with the requirements of Florida Statutes for the investment of public funds by local government.  One of the requirements is a written investment policy to be adopted by the governing body.  The attached investment policy is in compliance with Florida Statute 218.415 Local Government Investment Policies.

Proposed Action -- Approval -- Motion and second required.

Item 5 October Treasurer's Report

As discussed in previous BOT and committee meetings, the Administration and Finance vice president’s office will provide more frequent reporting of University finances in the form of quarterly reports including a treasurer’s report. The October treasurer’s report is being presented to the Finance and Audit Committee for review.

Proposed Action -- Review -- No motion required.

Item 6 Adjournment

Chair Twomey will adjourn the meeting.