Nearly a year after a deadline for the University of California to overhaul business practices at its headquarters, UC President Janet Napolitano has made improvements but is still doing business in a way that lets her office amass “virtually an unlimited amount” of money… The state audit two years ago was the first to look solely at UC’s $813.5 million headquarters, which oversees the public university’s 10 campuses, five hospitals and three national laboratories. Howle’s discovery of the president’s reserves — much of it used for university projects but never disclosed to the regents in Napolitano’s annual budget presentation — prompted her to prescribe the overhaul.

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by Nanette Asimov, The San Francisco Chronicle .

Posted: February 6th, 2019, by: admin. Categories: . Awaiting Comments.