From the Daily Cal:
"UC officials have denied that funds have been mismanaged, adding that a financial audit of the 10-campus university's approximately $20 billion operating budget would not be plausible."
but then after the JLAC unanimously voted to audit UC
UC made this statement:
"We have nothing to hide, and embrace with enthusiasm this opportunity to illuminate once more the work and finances of the University of California," said Nathan Brostrom, a UC executive vice president, in a statement. "Transparency is this institution's best defense against misinformation."
and then there is this ... Chron of Higher Ed:
Mark G. Yudof, the university's president, said on Twitter, "We have nothing to hide, and embrace opportunity to illuminate once more the work and finances of UC."
and then we recall the Grassley letters and former Dean David Kessler (see stories via links on the right) etc etc
-so UC, which one is it? ah, the transparency...
State to audit UC finances
By Matt Krupnick
Contra Costa Times
Posted: 02/18/2010 03:25:07 PM PST
Updated: 02/18/2010 03:25:07 PM PST
The state will audit the University of California's finances at the request of a state senator who has criticized UC's spending decisions.
A legislative committee voted unanimously this week to approve the request by Sen. Leland Yee, D-San Francisco, who had asked that the state auditor examine the university's use of public funds and money raised from rapidly increasing student fees. Yee has often chastised UC administrators for their secrecy and compensation decisions.
"The UC administration expects taxpayers and students to foot the bill without asking any questions," he said in a written statement. "It is long overdue for the UC administration to start acting like a public institution and not a private country club."
UC responded by saying the 10-campus system welcomes the audit and already opens its books to state and federal agencies several times per year.
more info: State to Audit UC After Years of Financial Controversy
SACRAMENTO (KCBS) -- State lawmakers have voted unanimously to require The University of California to open its books for an audit of how it spends the people's money.
ListenKCBS' Doug Sovern reports
The Joint Legislative Audit Committee voted 10-0, to have the state auditor examine U-C's finances. The audit was approved after years of controversy over U-C's financial practices. Many have questioned why student fees keep going up, while U-C executives get pay raises.
State Senator Leland Yee of San Francisco has been pushing for this for years.
“This audit is long overdue,” he said. “UC has never had this kind of an audit, and it’s just high time.”
Yee told KCBS he to know exactly where the university gets its money and how it spends every dollar. He suspects the audit will uncover significant waste and abuse.
“UC continues to increase our student fees to the point where we are pushing our students out of the state to get a college education. Yet, at the same time, they are giving these extraordinary salaries and benefits to their top executives,” he said. “We’ve got to get to the bottom of exactly how these dollars are being obtained by the UC and where they’re being spent.”
The audit will take about eight months.
UC officials say they do not think it is necessary, but they say they will cooperate.
KCBS covers this story audio
- Richard Blum (AGAIN!)
- Gareth Elliott
- George Kieffer
- Sherry Lansing (AGAIN!)
- Hadi Makarechian
- Eloy Ortiz Oakley
- John A. Pérez
- Bonnie Reiss
- Richard Sherman
- Charlene Zettel
- VACANT (M Anguiano?)
- VACANT (L Park?)
- UC Regents Committees
- Staff Advisors, Faculty Reps, Designates
- Ex Officio UC Regents
- UC Alumni Regents
- VACANT (E Tauscher?)
- VACANT (H Guber?)
- Paul Monge
- VACANT (by Lozano)
- VACANT ( by Pattiz)
"If the University were a business, it would likely be the largest corporation in California."
"If The University Were A Business, It Would Likely Be The Largest Corporation In California"-Regents Minutes (2010)