University of California administration is paying excessive salaries and mishandling funds, state audit says
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… Auditors said salaries paid to those in the president’s office are much higher than the pay of comparable positions in other state government jobs… For instance, an accounting manager’s maximum annual salary is $169,000 at UC compared to $156,000 for other state employees. An information system manager can make $258,000 with UC, but $150,000 with other state agencies.
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by Patrick McGreevy, The Los Angeles Times.