Tuesday, April 25, 2017

The University of California’s headquarters hid $175 million from the public and lawmakers in a secret reserve fund while the Office of the President was asking the state for more money

The office of UC President Janet Napolitano created a secret reservebudget over the course of four years, the audit found. Included in the reserve was $32 million collected from campuses that could have been spent on students.

“These problems indicate that significant change is necessary to strengthen the public’s trust in the University,” Howell wrote in the audit.