To ensure that the campus financial information published by the Office of the President can be better evaluated by interested stakeholders, the university should disclose instances in which campuses subsidize auxiliary enterprises with revenues from other funding sources and should disclose the sources of that funding.
This information is posted on the following website: http://www.ucop.edu/financial-accounting/financial-reports/university-auxiliary-support/index.html
The university has posted to its website a report that shows, by campus, the different auxiliary enterprises that have been subsidized and what funding source was used to subsidize each auxiliary enterprise. Currently the website only presents information for fiscal year 2011-12, but we look forward to the university regularly updating this information to reflect subsequent fiscal years.
We developed a model for collecting this data and will be collecting the data for the year ending June 30, 2012. We expect to publish the data by 12/31/2012.
†Response Type refers to the interval in which the auditee is providing the State Auditor with their status in implementing recommendations made in an audit report. Auditees must submit a response regarding their progress in implementing recommendations from our reports at three intervals from the release of the report: 60 days, six months, and one year or subsequent to one year.
*Agency responses received after June 2013 are posted verbatim.