CSU officials probe accounting of public, private funds
California State University officials are concerned that they have erroneously mixed public and private funds in accounting for the foundations that support the system's 23 campuses, according to a report the California Faculty Association is releasing today.
The report is based on minutes from a series of closed-door meetings of CSU executives that a political researcher for the professors' union said she discovered online.
Minutes from a May 2010 meeting of the university's top business officials say they were trying to "clean up any mess before it gets to be bigger."
"There continue to be findings from the internal auditors that some campuses have monies held inappropriately by auxiliary organizations. The finding is that funds should be moved to the state