November 13, 2012
Institutional Priorities Committee
Minutes of November 13, 2012
3:00pm - 5:00pm
DeRosa Center Room 211
Present: Atterbury, Brodnick, Cavanaugh, Ciccolella, Eibeck, Gale, Goff, Griego, Hensley, Kleinert, Lackey, Leland, Lyon, Luu, Meyer, Murta, Pallavicini, Perrot, Shaw, Staniec, Wright
Guests: Mike Dalgety, Associate Director of Athletics; Steve Jacobson, Associate Vice President of Housing and Greek Life; Priscilla Meckley, Director of Capital Planning and Space Management; Breanne Northcutt, Fiscal Operations Manager of Housing and Greek Life; and Mike Rogers, Director of Institutional Research
Call to Order: 3:04pm
Minutes: Minutes for the October 23, 2012 meeting were approved.
Update on the Cal Grant and State Budget
Proposition 30 passed during the November 2012 election; the proposition will temporarily fund education by increasing the state sales tax rate for all taxpayers by one-quarter cent for every dollar for four years and increasing personal income tax rates for upper-income taxpayers for seven years.
Capital and Auxiliary Budgets
Athletics Peer Benchmarking
Rogers and Dalgety presented NCAA athletics data that compared Pacific to three strategic peer groups-Division I schools with no football programs, West Coast Conference institutions and Big West institutions. The NCAA indicators that were discussed included total NCAA sponsored sports, NCAA graduation success rates, revenue self-sufficiency, total expenditures, athletic expenses per student athlete, and athletic expenditures as a percentage of the total of institutional expenditures.
FY2014 Preliminary Budget Assumptions: Athletics
Leland and Dalgety presented FY2014 preliminary budget assumptions for the Athletics division. Pacific's transition to the West Coast Conference is expected to result in increases in contributions, sponsorships and ticket sales. There will be WCC funding for specific initiatives/incentives. The FY13-FY17 financial model included projections that indicate Athletics wants to be more self-sufficient and stabilize its dependency upon university funding.
The IPC may ask Leland and Dalgety to respond to follow-up questions regarding the Athletics division's financial projections.
FY2014 Preliminary Budget Assumptions: Residential Living and Dining Services
Perrot presented fiscal history for FY07-FY13 for Residential Living and Dining Services. The "California 8" peer group was used to compare room rates and board rates. Assumptions for these variables were also shared. Pacific's contract with Bon Appetite was discussed, as well as possibilities for updating on-campus housing/dormitories and offering revised board rate contracts.
Preliminary Working Draft: Capital Budget FY2015-FY2026
Meckley presented a preliminary draft of the capital budget, and explained that all projects and sources of funds that were presented were speculative. Capital planning creates alignment between Pacific's mission and vision, strategic plan and facilities master plan. Next steps include completing alignment and confirming capital budget details. The Board will need to approve alignment and capital budgeting ventures.