November 12, 2013
Institutional Priorities Committee
Minutes of November 12, 2013
3:00pm - 5:00pm
DeRosa Center Room 211
Present: Cavanaugh, Day, Fox, Gale, Kleinert, Lackey, Luu, Lyon, Meyer (Chair), Murta, Pallavicini, Perrot, Rogers, Shaw, Staniec
Absent: Arnold, Atterbury, Cayton, Eibeck, Leland, Martin
Call to Order: 3:00pm
Minutes for the October 22, 2013 meeting were approved.
FY 15 budget considerations and enrollment
Perrot presented information on FY 15 budget considerations that included projected incremental expenses (obligatory expenses and other expenses) and revenue. Rogers discussed enrollments for FY 15. Compared to last year, new freshmen applications are down considerably. The decrease in applications was planned; approximately a 40% reduction in applications was expected. This means Pacific will have to admit fewer students and the yield rate is expected to be higher. The current yield rate is less than 10%. Enrollment data is being looked at daily (Rogers will provide the IPC with a link to a freshmen applications trends chart that is updated bi-weekly by Institutional Research).
Arlene Cash, Pacific's new Vice Provost for Enrollment, will start on December 1.
Tuition rate options
Perrot presented a graph that illustrated the incremental net tuition revenue that would be generated from a change in enrollment and a change in tuition rate. There are two sources of revenue: new students and retaining current students. Extended discussion occurred around the topic of tuition increases. Last year, tuition was increased by 3.8%. A tuition increase of a similar percentage may not be feasible this year as enrollments may be down. A tuition decision should be made soon, ideally before the students agree to enroll at Pacific. After considering faculty and staff salaries and FY 15 budget considerations and enrollment, the IPC will be able to make an informed decision on the tuition rate.
Dugoni and McGeorge updates
Lyon provided a brief update on Dugoni and confirmed that applications remain stable. Murta said that McGeorge applications are down 32% compared to last year. Law schools all over the country are facing a similar problem. A shortage of attorneys in 2016/2017 has been projected which may cause more demand for law schools.
Future Agenda Items
- Salaries (The Chair of FCC has been invited to attend) (December 10)
- Budget recommendations (end of January/early February)
- San Francisco and Sacramento budgets and financial plans
- Course fees
- Report from tuition remission committee
- IT (March)