In a scathing report released Tuesday, April 25, 2017, Auditor Elaine Howle says the office of UC President Janet Napolitano created an undisclosed budget over four years to spend the hidden money with little or no oversight.
The University of California squirreled away $175 million in secret, discretionary funds.
In other words, the auditor says UC has a slush fund. Napolitano thinks that’s OK.
The money in question is spent as UC headquarters saw fit, without Board of Regents oversight or public disclosure.
Until now, there was little opportunity for anyone outside Janet Napolitano’s office to question its spending.
The University has become a racketeering operation. Federal intervention is warranted. Crimes may have been committed.
Read the whole story in the San Francisco Chronicle