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Board of Governors meeting – September 30, 2016


Nipissing University’s Board of Governors will hold their regular meeting on Friday, September 30, at 9 a.m. at the Canadian Ecology Centre.  Here is the meeting agenda.

1. Welcome/Special Guests/Introductions – Board Chair 

2. Declaration of Conflict of Interest

3. Use of Recording and/or Broadcasting Devices

4. Adoption of the Minutes from the June 2, 2016, Board meeting

Resolution:   That the minutes of the Open Session of the meeting of the Board of Governors held on June 2, 2016, be adopted as circulated.

5. Presentation – Laurie Bissonette from KPMG – Audited Financial Statements

6. Chair’s Remarks

7. Chancellor’s Remarks

8. President’s Remarks

9. Vice-President’s Remarks

10. Deans’ Remarks

11. Question Period

12. Committee Reports 

Audit and Finance Committee – T. Palangio, Chair

Resolution:   That the Board of Governors accept the recommendation of the Audit and Finance Committee that the internally restricted net assets be decreased by $3,225,000 as described in Note 12 to the April 30, 2016, financial statements.   

Resolution:   That the Board of Governors accept the recommendation of the Audit and Finance Committee that the Consolidated Audited Financial Statements for the year ended April 30, 2016, be approved.

Resolution:   That the Board of Governors accept the recommendation of the Audit and Finance Committee that the Board approve the plan to access additional capital in the amount of $3M when the University goes to market to refinance the current debt.

Resolution:   That the Board of Governors accept the recommendation of the Audit and Finance Committee that the Board approves, once refinancing of the debt including the additional $3M is secured, that the additional $3M be tied to the plan outlined in the Debt Restructuring section (item #8) of the Audit & Finance Committee meeting minutes dated September 19, 2016.

 

University Governance Committee – G. Jodouin, Chair 

Advancement Committee – G. Durnan, Chair

Plant and Property Committee – T. Bachelder, Chair

13. BOARD REPRESENTATIVES ON OTHER COMMITTEES

Academic Senate

Senate Standing Committees and Ad Hoc Committees

Alumni Advisory Board

Aboriginal Council on Education

Brantford Regional Campus

Nipissing University Student Union

14. OTHER BUSINESS

15. ADJOURNMENT 

Resolution:     That the Open Session of the Board of Governors' regular meeting now adjourn.

Nipissing University
100 College Drive, Box 5002, North Bay, ON, Canada  P1B 8L7
Tel: 705.474.3450 | Fax: 705.474.1947 | TTY: 877.688.5507
nuinfo@nipissingu.ca
Brantford Campus
50 Wellington St.
Brantford, ON, Canada N3T 2L6
Tel: 519.752.1524 | Fax: 519.752.8372

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