This post was updated April 25 at 7:15 p.m. The University of California Office of the President has misleading budgeting practices, which resulted in accumulating a surplus of $175 million it did not disclose, according to a state audit released Tuesday. Read more...
Photo: University of California President Janet Napolitano defended the practices of the UC Office of the President after a state audit claimed it had amassed $175 million in undisclosed funds. (Grace Zhu/Daily Bruin)