Audit: University of California hid $175M in budget reserves from state and 10 executives analyzed had combined salaries of $3.7 million, or $700,000 more than those of their highest-paid counterparts statewide, after adjusting for cost of living.

https://www.usatoday.com/story/news/2017/04/25/audit-university-california-administration/100894202/

The administration of the University of California (UC) system hid $175 million in budget reserve funds from state officials, a new review found, prompting the state’s auditor to call for “significant change” at the top to strengthen public trust in the system.
In the audit, released Tuesday, State Auditor Elaine Howle urged California Gov. Jerry Brown and other lawmakers to increase oversight of the office of President Janet Napolitano.
In a letter accompanying the audit, Napolitano, a former U.S. Secretary of Homeland Security, said the report “fundamentally and unfairly mischaracterizes” her office’s budget “in a way that does not accurately capture our current operations nor our efforts and plans for continued improvement.”


“In fact,” Napolitano wrote, her budget and financial approaches “reflect strategic, deliberate, and transparent spending and investment” in the system’s priorities.
She said, for instance, that nearly half of the amount cited, $83 million, supports “groundbreaking research” in healthcare, as well as investments in public policy and sustainable energy, among other areas.


And let’s not forget that this is the same university that outsourced its IT department and replaced them with h1b visa workers.