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University Budget

University of the Pacific's budget is intended to fulfill the University's mission of providing a superior, student-centered learning experience integrating liberal arts and professional education and preparing individuals for lifetime achievement and responsible leadership in their communities. This page offers resources for understanding the University budget and the process by which it is set each year. Please send feedback or questions to president@pacific.edu.

Regents Approve Pacific's Fiscal Year 2018 Budget Package 

The Board of Regents approved the university's operating budget for fiscal year 2018 (July 2017-June 2018) at its May 2017 meeting. The $259M budget, developed by the Institutional Priorities Committee (IPC), assumes a projected total revenue of $263M. The majority (79 percent in FY 2016) of the university's revenue is net tuition, which is projected to increase slightly for 2017-18. The Board approved tuition rates at its February 2017 meeting.  

Highlights:  

Moody's Rating Reaffirmed

  • Investor Services recently reaffirmed Pacific's A2 Stable credit rating after reviewing our response to lower-than-projected 2016-17 enrollment and the university's overall finances and strategic plans. This rating compares well to similar private institutions.
  • Moody's also viewed positively Pacific's strategic focus on developing new academic programs in response to high-demand student markets, and Strategic Investment Fund (SIF) investments in Enrollment Management and Marketing and Communications.
  • Further strengthening Pacific's financial outlook are significant efforts such as the Campaign, the university's reinvestment in housing, and expanded international student recruitment.  

Cost Containment

  • Equal in importance to increasing revenues is controlling and reducing costs. The university has already reduced costs through the budgeting process over the past several years, including permanently cutting budgets by 2.5 percent last year.
  • There are additional cost efficiency measures being pursued, such as developing more formalized policies and practices around technology procurement, use of cell phones, catering and travel.  

Read the budget overview and view the consolidated budget here>>

Strategic Investment Fund

University of the Pacific has established a Strategic Investment Fund (SIF) to allow us to invest in critical strategic efforts over the next few years.  The SIF will help Pacific change with the times, without relying on steep tuition increases.  The fund will be used for projects or initiatives that will lead to the accomplishment of Pacific 2020's four strategies: building our academic strength and reputation, pursuing new students in our three cities, preparing our students for success, and developing organizational capacity.  Once accomplished, these strategies will enable the University to fulfill its 2020 vision of a transformative educational experience for all students.

Audited Financial Statements

This page lists the latest University audited financial statements, as filed each year with the IRS. This is a complete accounting of all spending at the University. As with all nonprofit universities, Pacific's latest posted financial statements are for the fiscal year 2016.

Institutional Priorities Committee (IPC)

The Institutional Priorities Committee is made up of faculty, University administrators, staff and students who study the budget each year and make recommendations to the President for changes to the budget.