AMES, Iowa A consulting company estimates it can save Iowa’s public universities $30-80 million dollars annually. Deloitte Consulting started an efficiency study in February. The Board of Regents hired the firm on a $2.5 million contract.
Tuesday morning, Deloitte representatives told the crowd at Howe Hall at Iowa State they’ve completed phase one of the study and outlined their plans for phase two.
It’s a great opportunity, because ultimately any resources we recover and find during the process, we get to keep right here on this campus and reinvest in ways that will improve our operation, said Steven Leath, ISU president.
Deloitte representatives said in phase two they will focus on 12 areas where money can be saved, like cutting energy costs on campuses and consolidating departments.