CSU’s policy to hold between three to six months of uncommitted reserves likely offers sufficient reserves for it to respond to some economic downturns. At one to three months of core reserves, UC’s policies still offer some protection against economic downturns, but the smaller reserve level leaves campuses more vulnerable to unforeseen events… While CSU provides readily available data through a publicly accessible portal, UC does not maintain publicly available reserves data. We recommend the Legislature direct UC to create a plan to develop a financial transparency data platform that includes key information about its reserves.

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by Lisa Qing and Jason Constantouros, The Legislative Analyst's Office.

Posted: November 10th, 2020, by: admin. Categories: . Awaiting Comments.