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January 28, 2014

Institutional Priorities Committee
Minutes of January 28, 2014
3:00pm - 5:00pm 
DeRosa Center Room 211

Present:  Arnold, Atterbury, Cavanaugh, Day, Eibeck, Fox, Gale, Gutierrez, Hein, Kleinert, Lackey, Luu, Lyon, Meyer (Chair), Murta, Pallavicini, Perrot, Shaw, Staniec

Absent: 
Leland, Martin, Rogers

Guests:
Arlene Cash

Call to Order: 
3:00pm

Minutes: 
Minutes for the January 14, 2014 meeting were approved.  

Yesenia Gutierrez, IPC undergraduate student representative, was introduced to the committee.  

Tuition Remission Policy Update
Meyer shared that the Tuition Remission Policy report will be ready in approximately a week.  

IT
The IT budget review will be postponed until after the FY 15 budget is finalized. The review will include the status of IT, and the gaps of where IT is now and where it needs to go.

FY 14 Budget
Perrot presented confidential information on recommended FY 14 budget adjustments.   

Tuition Rate Increase
Extended discussion occurred around how tuition increases affects current and prospective students. There was a question of whether or not the IPC will have time to engage in the topic deeply given the timeline for finalizing a FY 15 budget recommendation. The committee agreed to set aside time at a future meeting to further discuss institutional financial aid and tuition setting strategy; President Eibeck said that next fall a new recommendation can be taken to the Board.  

A motion to approve the recommended tuition rate increase at a rate of 3.9% was carried at a vote of: 10 (yes); 1 (no); 2 (abstentions).  

Compensation Strategies
It was recommended that in the future the IPC discuss staggering increases for salaries above a certain amount; for instance there could be lower increases for those with higher salaries.   

IPC open campus forum
Open campus forum will occur on March 4 from 3pm-5pm in Grace Covell Hall.  

Future Agenda Items

  • Strategic Investment Fund
  • Financial aid/tuition strategy
    • Scannell and Kurz will be invited to speak to the IPC on March 11
  • IT budget

Adjourned: 4:39pm