Conference Agenda

2020 Annual Meeting
March 23rd – 24th, 2020

All Meetings held at:

University of the Pacific Dugoni Campus
Dorfman Hall

155 5th Street
San Francisco, CA 94103

Our agenda will include a Ratio Analysis by Prager as well as a variety of Finance-related topics including:

Stifel: New Accounting Rules for Housing Deals
Many private colleges are considering P3 student housing options but the new FASB lease accounting rules may affect such “off-balance sheet” options. Stifel has just published a special White Paper on new FASB rules & P3 Student Housing Accounting. This White Paper specifically addresses a recent successful off-balance sheet P3 example for California College of the Arts.

Wells Fargo: Nontraditional Financing Strategies in Higher Education
The tools available to higher education institutions to raise money and address strategic priorities have expanded. On the lower end of the credit spectrum, institutions have pursued nonrated bond sales and limited public offerings on very attractive terms. For higher rated institutions, century bonds have made a comeback with 100-year money secured at less than 3.25%. Other strategies include monetization of assets such as utility systems, and at the farthest extreme, M&A transactions. We will explore these nontraditional alternatives including recent case studies in the sector.

PFM: Preparing for the Future: Making Better Long-term Decisions Today
Past performance is no longer an indicator for future success and sustainability. The higher education market landscape is changing and senior business officers and organization leaders require a complete analysis to assess financial health, risks and opportunities.
A multi-year financial planning process and model - one offering the ability to vary assumptions, and evaluate different scenarios - provides leaders with quick answers inform their discussions and decisions. Rating agencies and other capital market participants are increasingly focused on long-term planning capabilities of universities as they navigate the competitive higher education landscape.

First American: Strategies to Finance Campus Infrastructure
Our education team at First American will review how leveraging strategic finance options can help schools proactively address aging infrastructure. Energy infrastructure upgrades that improve energy efficiency and generate operational savings can often times be used to support funding more traditional facility upgrades. The use of financing options can often times be used to reduce upfront investment and create cash-flow neutral or shared savings scenarios that produce a return for schools. We will discuss these various finance vehicles available to schools and key considerations when implementing.
By the end of this workshop, participants will be able to:

  • Identify potential energy saving assets that are best suited to help deal with aging infrastructure on campus
  • Awareness of the various finance options available and recognizing the key considerations when evaluating
  • Share how other universities are successfully implementing these solutions to address aging infrastructure
  • Also on the agenda, University of the Pacific’s Interim Provost, Michael Hunter Schwartz will talk about McGeorge School of Law’s turnaround and Pacific’s plan to have each school hit enrollment and net revenue targets. And we have an exciting tour lined up of Pacific’s Dugoni School of Dentistry, including their super-cool dental simulation lab!

    We are also finalizing an interactive session led by Jimmy Sarakatsannis from McKinsey about his recent article on Transformation 101: How Universities Can Overcome Financial Headwinds to Focus on their Mission.

    For fun we have planned a dinner cruise aboard the Red & White Fleet’s Harbor Queen, departing Monday evening at 6p and cruising around the San Francisco Bay while enjoying dinner.