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October 5 1999

University of the Pacific
Institutional Priorities Committee
October 5, 1999
Taylor Conference Room

Attending: Benedetti, Borlik, Brock, Cavanaugh, Chambers, Fletcher, Fox, Gluskin, KruegerDevine, Oppenheimer, Stein

Absent: Gilbertson and Myers

I. Convening of Meeting and Approval of Minutes: The I.P.C. meeting convened by Vice President Cavanaugh at 3:10 p.m. The minutes of September 28, 1999 were approved as distributed.

II. Announcements

  1. The group welcomed John Stein back to I.P.C.. Mr. Stein was overcome with emotion by the opportunity of returning to this group.
  2. II. Discussion
  3. Program Review of the Eberhardt School of Business.
  • Fox reviewed the last of three reservations from the Academic Council which focused on student quality. Math skills for MBA students are not at the level that they should be.
  • There was a question about the MBA five year program. Are students required to take the GMAT?
  • There was a question about student/faculty ratio. Request that Business School look at "standards in the industry" in developing their ratio.
  • Concern that ESB administration could over rule the decisions made by the ESB Admissions Committee.
  • It is unclear what ESB will do to distinguish its program and make it attractive to students. Accreditation reports states that ESB program needs to be unique.
  • Concern about the recommendation of increasing the number of hours to graduation for students with an accounting emphasis in order to sit for the CPA exam. Unrealistic expectation without an accounting major.
  • Concern that a Career and Internship Center person would be located in the Eberhardt School of Business. Person needs to be heavily connected to the CIC and reside there.
  • Question with regard to whether the Provost has received any reaction to his recommendations.

It was agreed that the items previously mentioned need to be conveyed to the Provost as concerns of I.P.C..

  1. Fiscal Year 1999 Year-end Summary.
  2. Vice President Cavanaugh distributed a copy of the Fiscal Year 99 Year-end Summary (Not three-hole punched. It is the policy of the Finance Center not to punch year-end summaries until they have been audited.) The Stockton campus ended the year with an operating surplus of $1,801,491. Cavanaugh then distributed recommendations for the proposed allocation of this surplus. The remainder will go into the quasi-endowment fund.

  3. Fiscal Year 2000.
  4. Vice President Cavanaugh distributed the budget for the Fiscal Year 2000 which reflects the increases in enrollment. There were recommendations on the operating surplus. (This document was not three-hole punched, either. Obviously an unaudited statement.) These recommendations come from the President, with his desire to have them discussed by I.P.C.. The recommendations call for allocating $1, 258,000 to base-line budget items as distributed by Cavanaugh. One-time costs for allocation are recommended in the amount of $590,000.

    There was discussion about each of the items. The recommendation for the CIC/ESB staff addition was increased to $45,000. There was considerable discussion about the recommendation concerning the structural deficit in Athletics. The final action taken by I.P.C. was to recommend that the $110,000, previously allocated for the Athletic structural deficit, be moved to academic support enhancements and that there be an understanding with I.P.C. that the structural deficit in Athletics would be covered by excess funds in the benefits area, providing that there are sufficient funds to cover the necessary expenses of that department. There was agreement with this recommendation.

  5. Facilities Needs.

Cavanaugh then distributed a list of facilities needs that could be part of a bond issue. Discussion on these items will come at a later date.

III. Adjournment

The meeting was adjourned at 5:14 p.m. Someone then observed that the Provost was absent.

Minutes most graciously submitted by Judith M. Chambers.