University of California administration is paying excessive salaries and mishandling funds, state audit says

Patrick McGeevey:

The administration of the University of California system pays top workers salaries and benefits significantly higher than that of similar state employees, and failed to disclose to the Board of Regents and the public that it had $175 million in budget reserve funds while it was seeking to raise tuition, a state audit found Tuesday.

The audit triggered a dispute with UC President Janet Napolitano, who said charges of hidden funds were false, while two members of the UC Board of Regents charged recommendations to give the Legislature budget authority over the Office of the President encroached on UC’s constitutional powers.