Institutions have been updating their expenses policies driven, in part, by reflections on need and value for money in a more virtual environment. In recent months, we have completed expenses reviews and included benchmarking analysis.
This note details allowable expenses and summarises relevant policies from nine institutions. The information provided is intended to aid institutions as they consider revising rates and limits, and also act as a prompt on what stipulations should be included in related policies and procedures. It is important to note that benchmarking is not a precise tool as no two organisations have the same business model, shape, size and geographic location. Therefore, benchmarking should only act as an indicator of where potential improvements could be made.
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