January 28 2002
University of the Pacific
Institutional Priorities Committee
Minutes, January 28, 2002
Attending: Benedetti, Brock,Cavanaugh, Gilbertson (Chair), Hewitt, King, KruegerDevine, Lundergan, Meer, Olson, Oppenheimer, Spreer, Stark
Absent: Jones, Sina
Guest: Marcus Perro
The minutes of the January 28th meeting were discussed, amended and approved.
Next Meeting will be January 31, 11:00am to 1:00pm. Additional meetings may need to be set in order to finish the budget recommendations.
Cavanaugh presented an updated budget for the Stockton Campus. It included the preliminary pro-forma for FY 2003 and FY 2004. FY 2003 included changes in tuition and room and board revenues as well as increases in compensation, utility costs and operational costs. It also includes current one-time expenditure recommendations including campaign materials, Banner upgrade, a power generator and the anti-virus software. These expenditures costs may be moved to FY 2002 if we end up with a surplus based on spring tuition and financial aid discounts. FY 2004 only included increases in benefits and utility costs.
- It was noted that discussion is needed in the future as to whether a cost of operations and a cost of living increase should be built into future budgets before new requests are made.
- Continuing Issues: Budget recommendations: Perro provided us with an updated list of the rankings from IPC for one-time expenses and on-going budget requests. At this time, there is approximately $378,212.00 available for requests for FY 2003. Discussion continued on the top priorities being funded at this time and what might be funded in FY 2004. Meer also reported that the parent program would not be making its anticipated donation to smart classroom upgrades but to a scholarship fund. This results in an additional $70,000.00 request. Discussion will continue at the next meeting.
The meeting adjourned at approximately 1:00pm