Quirk-Silva Challenges Hidden UC Funds
UC hid $175 million from the public eye and from their own governing board, even as they raised tuition on California students.
(Sacramento) â After the state auditor uncovered $175 million reserve held by the administration of the University of California, Assemblywoman Sharon Quirk-Silva (Orange County), Members of the Assembly Budget Subcommittee on Education Finance, the Assembly Higher Education Committee and the Joint Legislative Audit Committee participated in a joint hearing to discuss the recent state audit of the University of California (UC) Office of the President titled, âThe University of California Office of the President: It Failed to Disclose Tens of Millions in Surplus Funds, and Its Budget Practices are Misleading.â