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UC system audit findings


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"University of California administrators hid $175 million from the public, its governing board and lawmakers in a secret reserve fund even as the UC raised tuition and asked the state for more funding, the state auditor said in a scathing report released Tuesday.


Auditor Elaine Howle said the office of UC President Janet Napolitano also overcharged the system’s 10 campuses to fund its operations, paid its employees significantly more than state employees and interfered in the auditing process."


“Today we learned that after squandering millions of public dollars on bloated management and unaccountable ‘initiatives,’ (the Office of the President) has effectively been operating a slush fund that shields hundreds of millions of public dollars from public scrutiny,†said Kathryn Lybarger, president of UC’s largest employee union, said in a statement.


She criticized the office’s “skyrocketing executive pay,†a reference to audit’s finding that the 10 executives in the office were paid a total of $3.7 million in the 2014-15 fiscal year — over $700,000 more than the combined salaries of their highest paid state employee counterparts.


:svengo: :eek:

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There were money mismanagement news in the local papers over the years since Janet Napolitano became UC President in 2013 but this is the first full article I think.


Unfortunately UCs are a financial safety for top public high school students locally as the CSU system doesn't have something similar to UCB, UCLA to brag about. So the UC system has no real competition for in-state.

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