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January 15 2003

University of the Pacific
Institutional Priorities Committee
Minutes, January 15, 2003
Taylor Conference Room, Library

Members Present: Cavanaugh, Gilbertson, Hewitt, Hoverstad, Jacobson, Jones, King, Lundergan, Meer, Miller, Oppenheimer, Sina, Spreer, Stark
Guests Present: Brodnick, Perro

Meeting called to order at 2:13pm
First Intermission began at 4:20pm ended at 4:37pm
Second Intermission began at 6:20pm ended at 6:55pm
Meeting adjourned at 7:20pm

Next meeting on 1/22/03 may end before 7:00pm.

Minutes of the Meeting on December 18th
The Minutes were accepted with clarification by Cavanaugh about the amount of continuing resources ($155k) required to service the debt on $1M @ 5% for 8 years. The debt would be used to fund a set of equipment with an average useful life of 8 years.

Old Business
Gilbertson briefed IPC on the Board of Regents action on the fundraising campaign. The Board approved the public announcement of the campaign in early April 2003. Meer encouraged IPC members to contribute $10 million collectively from personal resources.

Cavanaugh briefed IPC on the Board of Regents action on the Tuition/Fees and Room/Board rate proposal for FY2004. The Board adopted the proposed rates in record time.

Gilbertson confirmed that regular meetings are scheduled to occur on Wednesdays from 2:00 pm - 4:00 pm.

New Business
Perro presented an exhibit showing the tally of IPC votes for unit requested budget adjustments in FY04. Meer requested clarification of voting weights. Perro and Jacobsen provided clarification satisfactory to Meer. King requested clarification of the ranking in each vote category. Perro attempted to clarify but the issue was later clarified in an observation by Miller: each item in the vote category was ranked equally. Consequently, the IPC decided to evaluate the items receiving four or more votes.

Discussion of items ensued.

A second vote to determine funding priorities on items was taken. Continued discussion on these items will take place after the budget has been reviewed.