ANU on savings track

The university expects to have cut expenditure by $75m by year end

Vice Chancellor Brian Schmidt tells staff ANU is on-track to be cash positive at year-end, with $238m on-hand, compared to the $250m the university council wants. However, cash projections include $77m in international student income, which may not all arrive. Other in-comings, loan funds and payments from insurers are committed.  In June staff voted to defer a scheduled pay rise, which will save the university $6.75m this year.