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He said he is taking a "hard line" on discretionary costs like travel and meetings.
Examples of discretionary costs are advertising, machine maintenance, and research & development expenditures.
Older people must come to board meetings to express their opinions and to learn the difference between mandated and discretionary costs.
At the same time, Mr. Renfrew said cost-cutting steps taken last year held down the increase in several categories of discretionary costs.
The trial court dismissed the petition, reinstated Crosby as mayor of the City of Coopertown, and awarded Crosby his discretionary costs.
The company will try to save $250 million by spending less on discretionary costs like employee travel and save another $250 million by cutting spending in its consumer products division.
But Ford continues to look for ways to economize, he said, by examining outlays for travel, consulting and other discretionary costs, as well as productivity and material cost improvements in manufacturing.
H.R. 3590, Patient Protection and Affordable Care Act May 2010 Additional information on the potential discretionary costs of implementing the Patient Protection and Affordable Care Act (PPACA)
Bankers recommend that when planning a foreign visit a traveler calculate how much the trip will cost, breaking the total down into fixed amounts, such as those for essentials like transportation, hotels and food, and discretionary costs, such as side trips, gifts and spending money.