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September 11, 2007

University of the Pacific
Minutes, September 11, 2007
Library Community Room

Call to Order: 2:04 p.m.

Present: Brodnick,  Cavanaugh, Cox, Dodson, Foster, Frederick, Gilbertson, Griego, King, Klunk, Lackey, Perrot, Schmidt, Spreer, Swagerty, Williams

Not Present:  Byl, Leland

Special Guests:

Minutes: Minutes of August 28th approved with minor edits.

Standing Reports:

Current Agenda Items:

FY07 Final and FY08 Outlook Budget Reports
Perrot distributed FY07 Final Budget report and gave a brief review of the details for all three campuses also noting where surplus funds were reallocated.  Questions about WPC updates, earthquake safety, new ventilation systems, etc., were addressed. 

The outlook for FY08 is positive with enrollment deficits on the Stockton campus offset by short term loan income, health plan premium, salary savings, and a reduction of the reserve. The overall budget for three campuses is strong.

Strategic Action Plan
Pacific Rising will be distributed internally to all employees. In late October or November there will be a brochure formatted for external audiences and distributed to alumni, public, etc.  The Strategic Action Plan (SAP) will be finalized within the next few days and will be included in this October’s Board Book.  The Board will not ‘formally’ adopt the SAP, it will remain a dynamic document.  Brodnick briefly explained the format changes in the document. The committee as a whole was impressed. Brodnick then went through line-by-line and received any suggestions/comments.

Adjourned: 3:44 p.m.

Next meeting:  Sept. 25th in the Library Community Room