Job cuts in areas including information technology, higher fees for international students and reducing the size of the car fleet are all likely to be included in a plan to save $51 million from the ANU's budget over two years.
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The ANU Council will meet on Monday night to approve spending cuts and revenue measures to be introduced in response to a reduction in federal assistance to higher education.
University staff and students will be briefed on details of the savings plan on Tuesday.
The plan was developed using suggestions from staff and students.
Chris Grange, ANU director of administration and planning, posted initial responses to student and staff budget recommendations on a university website last week.
Mr Grange responded positively to suggestions that fees for international students be increased. He said the ANU had the lowest fees of any of the Group of Eight universities.
"There is room for further increases. The next largest fees are those charged for university accommodation but any increase in these fees needs to be treated carefully given the shortages of affordable student housing in Canberra. Raising these fees could result in falling student numbers if not judiciously considered,'' Mr Grange said.
He said a 3 per cent a year increase in student numbers would substantially benefit university revenues.
The administration was also keen to consolidate administrative functions and end duplications.
''Administrative staff expenditure since 2008 has grown 44 per cent while academic staff expenditure has grown only 32 per cent,'' he said.
''Professional staff expenditures at ANU are proportionately higher than any other Go8 university. Further evidence is that we have the smallest central administrative services proportionately of any GO8 university - that is, we have the most decentralised model of administration.
''In another example, ANU has over 300 IT-related staff and, in comparison to the benchmarking data we have, it is clear that we have significantly more IT staff proportionately than other Go8 universities.''
The university would also consider reducing the size of its $7 million car fleet, which included more than 250 cars.
''Savings of 15 per cent on annual operating costs should be possible,'' Mr Grange said.
Ten per cent could be shaved off the travel budget by limiting journeys and restricting access to business class.
The $17 million the university spent on energy could be reduced by 10 per cent, Mr Grange said. ''The university would need to improve metering so that we better understand the use of power and undertake a baseline study of energy savings opportunities. This has successfully been done at other universities.''
Staff and students had made several suggestions on how to reduce energy and water consumption. One idea was to put strict limits on the length of time students at residential colleges could spend showering.