Days after alleging years of financial mismanagement in an interview with the student newspaper, the chief financial officer of the University of California at Los Angeles is out of a job.
Stephen Agostini, who started at UCLA in 2024 after serving as the associate vice chancellor for finance and budget at the University of North Carolina at Chapel Hill, was fired, according to a university spokesman. Tuesday’s
——-
The abrupt change came days after Agostini gave an interview to the Daily Bruin student newspaper saying the campus had “financial management flaws and failures” predating his arrival, leading to what he said was a $425-million deficit. In the interview, Agostini blamed financial woes on faculty and staff raises, academic departments’ requests for new positions and expanded programs, and UCLA athletics, which has run in the red for multiple years.
Agostini suggested that UCLA’s annual financial reports going back to 2002 were incorrect, saying he saw “very serious errors” — a charge UCLA officials deny. UCLA’s last posted financial report covers the 2022-23 fiscal year.
———
Financial mismanagement contributed to $425 million annual deficit, UCLA CFO says