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It's Cow-Hunting Season Again
8/20/2003
These are just a few examples, but you should be surveying the sacred cows and taking advantage of the opportunity to carve up a few. Take a look for some on your campus as you think of savings in the following general ways:
- Reducing staff costs- Reducing workload
- Reducing purchase or maintenance costs
- Deferring or delaying plan implementations
- Simplifying systems
- Increasing productivity
- Learning to say "no"
One final sacred cow is "budget dust." If you take a close monthly look at expenses, budget line by budget line, you might be able to identify areas where the major expenditures occur toward the end of your fiscal year. In some cases, those are seasonal expenditures. Occasionally you will find a plump sacred cow sitting there – a budget line that is really not needed but which is spent as budget dust in the last weeks of the budget calendar. Turn that sacred cow into steak!
About the author: Terry Calhoun is Director of Communications and Publications for the Society
for College and University Planning (SCUP). You can contact him through CT's IT Trends forum by clicking here. View more articles by Terry Calhoun.
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