LOS ANGELES, CA, June 25, 2019 - The audit findings released last week by the California State Auditor's Office show a glaring hole in transparency between the California State University (CSU) and its stakeholders, which include the CA State Legislature, faculty, staff, and students. This is especially worrisome, as it is our understanding that students were victims of tuition increases that directly contributed to a $1.5 billion CSU surplus.
Today the California State Auditor's Office released Report 2018-127, California State University: It Failed to Fully Disclose Its $1.5 Billion Surplus, and It Has Not Adequately Invested in Alternatives to Costly Parking Facilities. The Associated Students, Incorporated at Cal State LA is currently reviewing the 64-page report and will provide an official statement in the coming days.
