Universities encouraged to make financial information more visible to students

The Higher Education Funding Council for England (HEFCE) is asking universities and colleges in England to present information about their income and expenditure in a way that is transparent and accessible to students and to the general public. This draws on research undertaken for HEFCE by Sockmonkey Consulting and the National Union of Students (NUS). Continue reading “Universities encouraged to make financial information more visible to students”

Beware of false profits

In these times of austerity, there’s a greater focus than ever on how much things cost. I’m working with several of my public sector clients, for example, to help them to work out the cost of the services they provide and to use this information to make better decisions. The same is true across the commercial sector, where lower costs equal higher profits. Except that they don’t always. Not in the big scheme of things. Continue reading “Beware of false profits”

The cost of things

I am a big fan of the ‘slow’ movement. For those not familiar with the concept, ‘slow’ is about doing things mindfully, taking the time to focus on what we are doing and making a conscious effort to do it well. ‘Slow food’, for example, encourages people to choose fresh, high quality ingredients, to cook them with care and to take the time to enjoy eating them, preferably with family or friends. Continue reading “The cost of things”

Donations, sponsorship and the need for accountability

Donations and sponsorship add up to big money in the public sector. Most hospitals have at least one fundraising campaign. Local authorities have long sought and received corporate funding for roadside planting and summer festivals. You can even sponsor a police car. But as cash flow gets tighter and new sources of income look more appealing, it is important that we think carefully about where the money comes from. Continue reading “Donations, sponsorship and the need for accountability”

All change in local government

As the funding cuts start to bite, things are changing rapidly in local government. But this is only the start. My own local authority, for example, managed to find savings of £17.5m in 2011/12 and needs to identify another £30m by 2015. And if the trend continues, they estimate that they will have to cut expenditure by a further £39m by 2018. This will leave the Council with only half of the resources that it had in 2010/11. Continue reading “All change in local government”