Today the Australian National University’s Expenditure Taskforce provided an update to our community on consultancy engagements and expenditure.
Key points from the update include:
* ANU will update the way we report consultancy expenditure, so the data better reflects actual spending on these services.
*Up until now, our budget categorisation of “consultancy” spending has been very broad. It’s included activities such as:
* This broad categorisation can result in misinterpretation and lack of clarity.
* Improving how we define and classify spending on consultancies will enhance the accuracy of our budget analysis and forecasting.
* It will also support the University to identify potential cost saving opportunities and enable more meaningful comparisons with similar organisations.
* It will improve clarity and transparency for our community.
* Consultancy reporting in the Annual Report will now be distributed across the following categories:
* The $53.9 million in consultancy reported in the 2023 Annual Report, breaks down into the new categories as follows:
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