February 26, 2008
University of the Pacific - IPC
Minutes, February 26, 2008
Taylor Conference Room
Call to Order: 2:06 p.m.
Present: Brodnick, Burk, Dodson, Foster, Frederick, Gilbertson, Griego, King, Klunk, Krise, Perrot, Schmidt, Spreer, Swagerty, Williams
Not Present: Cavanaugh, Lackey, Leland
Special Guest: n/a
Minutes: Minutes of February 19th were approved as distributed.
Announcements:
The Law School Library construction project has proposed the possibility of downsizing the project and doing a remodel with existing funds. The President is reviewing this recommendation and no final decisions have been made and further consultations in the future.
Reports and Current Agenda Items:
Draft Recommendations
The IPC budget recommendations will be presented to the President after review. IPC is requesting that questions or comments be addressed to them before for noon on March 5th. After review and consideration of any such comments IPC will finalize the budget recommendations.
Enrollments: Stockton new student enrollments have fluctuated considerably from year-to-year. Enrollments for the fall 2008 freshman class are projected to be 865, and the budget is set at 845. McGeorge enrollments are projected to decline, but at a slower rate than the decline in law school applications nationwide. Enrollments are projected to decrease by 4% to 1,025 students. Dugoni School of Dentistry enrollments are projected to remain steady. Stockton Tuition and Fees have been proposed at $30,880 (6.7% increase) and an increase in room and board to $10,088 (9.9% increase). McGeorge is proposing a 6% increase for FY09 and Dugoni School recommends a 5.9% increase.
Expenditure Assumptions: Reserves are consistent with the standards found in the planning and budget assumptions. An operating reserve of at least 1% has been budgeted for each campus for FY09. Construction of the new Biology Building and University Center on the Main campus will be completed by August 2008 and in FY09 the budget includes a recurring allocation of $1M for the operation and maintenance of these new facilities. Two new buildings are scheduled to begin construction: The John T. Chambers Technology Center will provide 24,000 square feet of new classroom and office space to support the School of Engineering and Computer Science and the Janssen-Lagorio Multipurpose Sports and Recreation Center will provide 22,000 square feet of practice space for Pacific's intercollegiate sports teams and indoor recreation are for students on the Main Campus. Other expenditures being proposed for the Main campus is the 3.5% merit pool for faculty and staff and $800K for technology projects.
The FY09 budget request, marks the first time that the Main campus will budget a major portion of its salary and operational savings to mitigate the impact on proposed tuition rates. Typically, these savings are used during the budget year to help fund unanticipated expenses. It is anticipated that this budget strategy will reduce the funds available during FY09 for unanticipated expenses. The Budget details included in the appendices were considered. King added that there were no Athletic requests being funded.
Adjourned: 3:13 p.m.
Next meeting: March 4th in the Taylor Conference Room