ERIC Number: EJ791978
Record Type: Journal
Publication Date: 2008-Apr-11
Reference Count: 0
Colleges Curtail Costs but Rarely Count How Much They Have Saved, Report Says
Hermes, J. J.
Chronicle of Higher Education, v54 n31 pA20 Apr 2008
As higher-education institutions across the country struggle with constrained sources of funds, more than 80 percent of state institutions said they rely on energy-management programs to reduce operating costs, according to a report released by the American Association of State Colleges and Universities (Aascu). The report, based on a survey of 114 Aascu members and conducted from November 2007 to January 2008, found that while three in four colleges are satisfied with their cost-containment efforts, few keep track of their progress. A majority of institutions--more than 60 percent of those responding--said they did not regularly quantify their efforts to save money. The 29 institutions that did keep records reported a median savings of approximately $135 per student, or some $1-million a year per college, as a result of cost-containment activities. While many colleges and universities reported cutting costs in energy management, through conservation and energy-efficiency programs, for instance, a sizable number of institutions--61 percent of those responding--indicated that they belonged to purchasing consortia. What those groups most often buy collectively are computer services, liability insurance, office supplies, and library resources, according to respondents.
Descriptors: Higher Education, Operating Expenses, Costs, Facilities Management, Campuses, Energy Management, Money Management, Accountability, Cooperatives, Purchasing, Evaluation Criteria, Educational Finance
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Authoring Institution: N/A