Agenda Item No. V. B. 1.
Washburn University Board of Regents
SUBJECT: Continuation of Fiscal Year 2004 Budget into Fiscal Year 2005
Due to the uncertainty of revenue estimates for the State of Kansas, the Board has not yet approved the budget guidelines to be used by the administration to develop the FY05 operating budget. The Board of Regents Budget and Finance Committee has been working with the administration in the development of preliminary estimates and assumptions for the FY05 budget.
In order to begin the new fiscal year and meet the requirements to file a public budget no later than August, the administration recommends the Board of Regents approve a continuation of the FY04 budget until such time as the FY05 budget is approved by the Board of Regents.
Continuation of general fund budget for all areas for FY05 at the FY04 level, with the exception of certain necessary salary adjustments or new positions which will be brought to the Board of Regents for approval, if appropriate.
President Farley recommends the Board of Regents approve continuation of the FY04 operating budget until such time as the FY05 budget is approved by the Board.
(date) Jerry B. Farley, President