Agenda Item No. V. B. 1. a.

Washburn University Board of Regents

SUBJECT: Continuation of Fiscal Year 2002 Budget into Fiscal Year 2003


Due to the uncertainty of revenue estimates for the State of Kansas, the legislature was delayed in approving funding levels for higher education. Consequently, the Board has not yet approved the budget guidelines to be used by the administration to develop the FY03 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 FY03 budget. The administration and the Committee have not finalized their work to make a recommendation to the Board for approval.


Because of the circumstances outlined above, the administration recommends the Board of Regents approve a continuation of the FY02 budget until such time as the FY03 budget is approved by the Board of Regents.


Continuation of general fund budget for all areas for FY03 at the FY02 level, with the exception of certain necessary salary adjustments which will be brought to the Board of Regents for approval, if appropriate.


President Farley recommends the Board of Regents approve continuation of the FY02 operating budget until such time as the FY03 budget is approved by the Board.

______________________________ _______________________________

Date Jerry B. Farley, President

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