Agenda Item No. IV.

Washburn University Board of Regents

SUBJECT: FY 2006 PUBLIC BUDGET HEARING

BACKGROUND:

The Board approved publication of the summary public budget document at its June 17, 2005 meeting.

DESCRIPTION:

Attached are the public budget documents required for the public budget hearing. The documents have estimated year end results for FY 2005, as of June 30, 2005. (Actual FY 2005 results will be presented to the Board at a later date.) The mill levy and property valuation amounts are based on updated tax information received on July 1 from the Shawnee County Clerk's office.

FINANCIAL IMPLICATIONS:

As stated in the attachments.

RECOMMENDATION:

President Farley recommends approval of the public budget by the Board of Regents as presented in the attachments.

______________________ ___________________________

(Date) Jerry B. Farley, President