Nearly 90 percent of the $20 billion budget of UC – a public university subject to the Public Records Act – comes from private sources, such as medical center revenue and research grants. Critics have long complained that private foundations on California’s public campuses have been used as a sort of secret checking account, at times allowing officials to spend lavishly and escape public scrutiny. They say the foundations’ books should be as open as the public universities they serve, in part because campuses typically use publicly paid employees to do foundation work. In August, for example, California State University officials admitted they have co-mingled public and private dollars to the extent that they can’t tell the difference and don’t know how much money is involved.

Read full article [here].
by Nanette Asimov, The San Francisco Chronicle.

Posted: October 2nd, 2010, by: admin. Categories: . Awaiting Comments.