Napolitano and UCOP called out for $175 million in hidden slush fund and tampering with audit reports to hide facts
SAN FRANCISCO (AP) — 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.
"Taken as a whole, these problems indicate that significant change is necessary to strengthen the public's trust in the University of California," Howle wrote in the report.
The audit found that over the course of four years, the UC's central bureaucracy amassed more than $175 million in reserve funds by spending significantly less than it budgeted for and asking for increases in future funding based on its previous years' over-estimated budgets rather than its actual expenditures.
"In effect, the Office of the President received more funds than it needed each year, and it amassed millions of dollars in reserves that it spent with little or no oversight," the report said
https://www.usnews.com/news/best-states/california/articles/2017-04-25/audit-university-of-california-hid-175m-in-secret-fund
SAN FRANCISCO (AP) — 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.
"Taken as a whole, these problems indicate that significant change is necessary to strengthen the public's trust in the University of California," Howle wrote in the report.
The audit found that over the course of four years, the UC's central bureaucracy amassed more than $175 million in reserve funds by spending significantly less than it budgeted for and asking for increases in future funding based on its previous years' over-estimated budgets rather than its actual expenditures.
"In effect, the Office of the President received more funds than it needed each year, and it amassed millions of dollars in reserves that it spent with little or no oversight," the report said
https://www.usnews.com/news/best-states/california/articles/2017-04-25/audit-university-of-california-hid-175m-in-secret-fund
Comments
Have you ever considered the possibility that your son was not qualified? UCLA and UCB are that way since they take the best students. What are they going to do with 175 million, bring in more students? Harvard has billions in endowment should it bring millions of students? One thing is clear the UC systems is not very beholden to the state of California and actually receives very little money from it. This started since the Wilson days and now most of money comes from Fed grants, industry and private donors. UCB and UCLA are more like private institutions now in terms of funding so they have little to no obligation to state residents. There was serious talk on just making these schools private in 90s. I am not saying that there are not problems at the UC but I just do not see how UC has to give special preference to California residents when California does not even fund them nor have they funded them for some time. If you look at U Mich and U Virginia it is very similar in that they take 20-25 percent out of state students as they receive very little fraction of their funding from the state.
I do not mean to be cruel but these are just the facts. UCB and UCLA are going to reject many California residents every year. By the way it must be much higher than the 1500 number you stated, I would guess more like 25000 40000 California residents per year at least. Almost all of these students will meet the bare minimum requirement to attend a UC however that does not mean they all can get into the top schools in the systems.
What a genius.