UC system

ASSEMBLYMAN VOEPEL HAS REQUESTED SUBPOENA AND FORENSIC AUDIT OF UC FUND RECORDS

 

Source: Assemblyman Randy Voepel

May 6, 2017 (Sacramento) - Assemblyman Randy Voepel requested a legislative subpoena for all financial records and correspondence related to the secret $175 million fund maintained by the Office of the President of the University of California on Tuesday. Additionally, Voepel requested an independent forensic audit to determine if UC administrators engaged in criminal activity.                                             

STATE AUDIT FINDS UNIV. OF CALIF. HID “SECRET RESERVES” WHILE RAISING TUITIONS

 

“I disagree with all of these assertions.” -- UC President Janet Napolitano

By Miriam Raftery

April 25, 2017 (Sacramento) – A report by California’s state auditor claims that the University of California hid $175 million in secret reserves while it raised administrative spending by 28 percent.  The hidden reserves were not disclosed to the board or regents over the past several years, meaning regents were voting to hike tuitions without knowing about significant funds that might have alleviated the need to force students to pay more.