Agenda Item No. IV. B. 2. b.

Washburn University Board of Regents





SUBJECT: Fiscal Year 2006 Salary Budget



BACKGROUND:



The Administration wishes to move back to a "modified normal budget schedule," by moving the salary decisions back to Spring, thereby making it possible for the salary and wage recommendations to be approved at the May 2005 Board meeting and go into effect on July 1, 2005.

DESCRIPTION:

The Administration developed guidelines for the FY 2006 budget process in consultation with the Regent's Budget and Finance Committee at its January 6, 2005 meeting. These guidelines included a budget planning calendar, a proposed salary pool for FY 06 of 4% ($1,682,400), and the proposed FY 06 performance pay proposal. These items were approved by the Board of Regents at its meeting of January 14, 2005.

The FY 06 Proposed Salary Increase summary table is attached. This table reflects the total salary budget for each University department for FY 06 including the distribution of performance increases, entry level increases, faculty promotions, and collective bargaining unit wage increases to be effective July 1, 2005.

The total amount of the 4% salary pool distributed, including fringe benefits, is $1,643,915, leaving a contingency of $38,485.

FINANCIAL IMPLICATIONS:



Distributions detailed in the attachment are within the total approved 4% salary pool allocation of $1,682,400. Current projections indicate there will be sufficient new monies available from tuition, sales tax collections, and state operating grant increases to adequately fund the 4% salary pool.



RECOMMENDATION:



President Farley recommends the Board of Regents approve the FY 06 salary pool allocations.



____________________ _______________________

Date Jerry B. Farley, President


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