Agenda Item No. Washburn University Board of Regents
SUBJECT: FY01 Budget
At the February 16, 2000 meeting, the Board approved the budget guidelines to be used by the Administration to develop the FY01 operating budget. These guidelines were developed assuming the funding formula for SB345 approved by the Kansas Board of Regents is implemented in full for FY01. Based on approval of this budget, employment contracts can be finalized.
The Board approved the following revenue and expenditure guidelines:
The budget changes are reflected in Exhibit 1. (There are certain revenues and expenditures earmarked from activities of KTWU, Law School and benefit reimbursements, etc.)
Highlights of the proposed FY01 operating budget include:
The Proposed Classified Compensation Schedule is enclosed as Exhibit 5.
The proposed increase in salary levels of family health premiums is enclosed as Exhibit 6.
As described above and on the attached exhibits.
President Farley recommends that the Board of Regents approve the FY01 Operating Budget.
(date) Jerry B. Farley, President
Recommended Tuition and Fees for 2000-2001 (Effective Fall Semester)
|Undergraduate - Distance Education||$135||$140||$5|
|Graduate Distance Education||$175||$175||$0|
|B||Student Activity Fee (As recommended|
|Undergraduate and Graduate||$25||$28||$3|
|Undergraduate and graduate||$13||$14||$1|
|Exception to above: There will be no activity fee charge for students|
|Law students taking in excess of 6 credit hours per semester||$20||$20||$0|
|C||Room and Board for Residence Halls|
|Residence Hall Rate||$1,655||$1,680||$25|
Faculty Salary Policy for 2000-2001 (Effective 7-1-00) applicable to adjunct faculty, summer faculty, emeriti faculty and teaching overload.
|A||Salary Schedule for Adjunct Faculty Salary
Range (all ranks).*
Specific rates will be determined by rank, discipline, and qualifications of individual adjunct faculty member.
|$430-735 per cr.hr.||$430-905 per cr.hr.|
|B||Salary Schedule for Summer Faculty Salary Range (all ranks). Specific rates will be determined by rank, discipline and qualifications of individual summer faculty members||Up to 20% of base salary for full load**||Up to 20% of base salary for full load**|
|C||Emeriti Faculty Salary Schedule||$755 per cr.hr.||$755 per cr.hr.|
Teaching Overload pay is authorized only when additional class sections are needed and a qualified adjunct faculty ember is unavailable. The compensation will be up to 3-1/3% of the base salary per credit hour.
|* Adjunct salaries at the top end of the range is reserved for special situations with approval of the VPAA and the VP for Administration|
|** Generally, summer salaries are 1/30th of base pay for each credit hour. This translates to 10% of base pay for a 3 credit hour course and 20% of pay for a 6 hour course (the limit is 6 hours). However, if class enrollments are small, a lower salary may be negotiated to keep from canceling the class.|
EXHIBIT 42000-2001 Public Budget Hearing
A. The Board of Regents is scheduled for a regular board meeting on July 12, 2000. At this meeting, the Board is to approve the FY01 Public Budget document for publication. The Public Hearing is scheduled for 4:00 p.m., Wednesday, July 26, 2000 in the Kansas Room, Memorial Union, Washburn University.
B. The Administration recommends cancelling the July 12 meeting. The Board will review the Public Hearing Budget documents at its June 21, 2000 meeting. Following the Public Hearing on July 26th the Board will conduct its regular July meeting.