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September 27 2001

University of the Pacific
Institutional Priorities Committee
Minutes, September 27, 2001
Taylor Conference Room

Attending: Brock, Cavanaugh, Gilbertson (Chair), Hewitt, King, Kramer, KruegerDevine, Sina, Stark

Absent: Benedetti, Jones, Lundergan, Meer, Olson, Oppenheimer

1. Minutes: The September 20, 2001 minutes were reviewed. Gilbertson noted a revision in the minutes in the paragraph describing the proposed change for the Program Review recommendations for the Department of Theatre Arts. The sentence should read—"Adding a position in Theatre and one position in Dance by reallocating funds from other faculty positions." The minutes were approved as amended.

2. Stark announced that the School of Engineering had received an announcement from its accreditation commission that it had been reaccredited for a full six-year term, with no weaknesses noted. This performance exceeds that of many prominent engineering schools in the country. The Committee congratulated the School of Engineering on this major achievement.

3. Cavanaugh distributed a summary of the FY02 budget and an endowment performance report for FY01. Brock asked for clarification on the budget reserve, since the surplus exceeded $2 million for FY01. Cavanaugh noted that the "Plant Reserve Fund" of $1.25 million was "banked" in order to facilitate a cash flow for construction projects and to increase liquid reserves to maintain and strengthen the University's bond rating. The "Current Fund Reserve" of approximately $1 million was spent on one-time needs as outlined for IPC in prior meetings. IPC agreed that it was important to maintain the two reserve funds, but that if the University were to continue to do so in an era of extensive capital expenditures for new facilities, that this reserve fund should be made explicit in University budget assumptions. The Chair noted this change for the coming year's review of budget and planning assumptions.

4. The Committee briefly reviewed the U.S. News and World Report comparative ranking information prepared by the Institutional Research Office, and the Chair distributed an informative article on issues relating to the ratings.

The Chair distributed the President's current profile on Strategic Indicators, to be presented to the Board in October. The Chair indicated that he would distribute the President's Board Report to the Committee in order to provide a narrative context for the list of Strategic Indicators.

5. Summary Reports on FY01 Budget Expenditures—

Student Life Division Report: Sina reviewed the report of expenditures for the Counseling Center, for the ASUOP bike racks, for the SunRay residential component of the SunRay project, and for the Experiential Learning component of the Career and Internship Center.

Academic Division Report: Gilbertson accounted for expenditures of Library materials, completion of the Faculty Salary Plan, an increase in the stipends for graduate teaching assistants and the indexing of that increase to annual tuition increases, Information Technology (equipment, staffing, licensing, consultants, Internet connection, and smart classrooms), the Brubeck Institute, equipment for the new Pharmaceutical and Chemical Sciences graduate program, and a salary pool for faculty promotions and equity adjustments. Gilbertson will distribute the Faculty Salary Plan Final Report to the new members of the Committee.

The meeting was adjourned at 2:05 p.m.