September 25, 2012
Institutional Priorities Committee
Minutes of September 25, 2012
3:00pm - 5:00pm DeRosa Center Room 211
Present: Atterbury, Brodnick, Cavanaugh, Ciccolella, Eibeck, Gale, Goff, Griego, Hensley, Kleinert, Lyon, Luu, Meyer, Murta, Pallavicini, Perrot, Shaw, Staniec, Wright
Absent: Lackey, Leland, Martin
Call to Order: 3:05pm
Minutes: Minutes for the September 11, 2012 meeting were approved.
Burnie Atterbury, Pacific's new Vice President for Development, was introduced to committee members.
FY12/13 Budget Updates
Perrot reviewed FY 12 and FY 13 budget summaries, which included revenues, expenses, and operating reserves by campus. The FY 12 budget will be finalized pending a financial audit. Once completed, audited financial statements can be found online through the Controller's Office.
Clarification was given regarding Pacific's shift to the West Coast Conference (WCC), the money is paid from Athletics and a contribution is made to Athletics from the university's educational and general fund.
The Stockton campus FY 13 recommended revisions for the $4 million Cal Grant contingency fund was reviewed, however, an update on the Cal Grant will need to be discussed in greater detail following the November election.
The need to retain students has a direct impact on the university's budget. President Eibeck shared an article and graph created by the Sacramento Bee, which detailed four-year graduation rates for 50 of California's largest colleges. Pacific will need to improve its four-year graduation rate in order to compete with its peers. The percentage of students who are taking remediation courses may be an indicator of graduation rates. More research will be needed to identify practices that Pacific should consider adopting from other institutions.