The Buck Stops With California State University Chancellor Charles B. Reed
California Faculty Association
Just under two weeks ago our CFA staff, while searching for financial information on the CSU Chancellor's website, stumbled across minutes of meetings involving the top financial leaders of the California State University.
We were shocked to find that these minutes record comments by top executives of the CSU saying that auditors have found inappropriate co-mingling of taxpayer dollars with private donations and other business revenues inside the university’s 90 affiliated auxiliary organizations.
These auxiliary organizations are connected to the California State University’s 23 campuses and Chancellor’s Office. They hold a great deal of money, about 20 percent of the CSU’s funds equaling about $1.6 billion.
Even though they do business and handle money that has a large impact on the life of the California State University, these so-called auxiliary organizations to the CSU are not subject to our state’s Public Records law.
