Performance Audit of Ohio State Shows Money-Saving Opportunities

Sep 25, 2018

A new state law gives Ohio’s auditor the ability to do audits of the efficiency and operations of state agencies and universities. Ohio State University offered to be first and underwent a performance audit that revealed ways it could save significant dollars. 

Auditor Dave Yost says OSU could save more than $6 million a year if it optimized the use of printers and copiers, changed the way it hires employees and processes payments and moved its computer services. Still that’s small change when you consider the university’s budget is around $7 billion. 

“We looked at a very small portion of the back-office operations. Ohio State University is huge and we’d still be in there if we were trying to do the entire university so you eat the elephant one bite at a time.” 

OSU volunteered to be the first university to undergo a performance audit under the new law, which requires these kind of reviews of at least four state agencies every two years.