Also serving the communities of De Luz, Rainbow, Camp Pendleton, Pala and Pauma
Assemblymember Marie Waldron
AD-75 (R)
Recently, the California State Auditor revealed that the Office of the President of the University of California did not disclose to the UC Board of Regents, the Legislature or the public that it was holding $175 million in reserve funds for fiscal year 2015-16.
The report reveals that the Office of the President asked the Board of Regents for funding increases based on the previous years’ over-estimated budgets rather than on actual expenditures. Furthermore, an undisclosed budget was created to spend the reserve funds, including $32 million in unspent f...
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