UCSF AUDIT
Show Us The Money

UCSF is having a new audit by PricewaterhouseCoopers, reacting to criticisms from Senator Charles Grassley (R-IA).

David Kessler, Dean of UCSF SOM charges that he was fired for raising questions about an $18 million annual budget discrepancy. "University officials have said that they had dealt honestly with Dr. Kessler and that the school was never in financial trouble, and they have pointed to an audit by the accounting firm KPMG and an internal report as confirming their positions."

See media reports:

• NY TIMES
• East Bay EXPRESS

  CUE
  the FLU
  and YOU

Mandatory flu vaccinations are being instituted at UCSF for select employees.
CUE's position

The Real UC Financial Picture

ECONOMIC ANALYSIS, 3/2010

The University claims poverty. Moody's Investor Service begs to differ, issuing a top bond rating, Aa1.

UC claim they must resort to drastic cost-cutting measures, despite access to $8.3 billion in investment accounts (not including pension funds). The University has a high debt level, but most of the servicing is paid for by the state.

The current balance sheet reflects a federal accounting rule change that under-represents the $12.9 billion at UC's disposal.

With increased medical profits, skyrocketing student fees, cost cutting and as the largest recipient of federal research and development spending, UC is rolling in money. A spike in federal funding is coming from the trillion-dollar spending bill.

Where does the money go? Construction. More construction. Salaries. Not your salary; in 2008, the top 2% of UC's employees received 10% of the total compensation. The total for those making above $200,000 increased 80% in two years, from $640 million to $1 billion.

Bob Samuels: "The combination of increased profits and augmented debt turns the UC into a giant hedge fund that reduces the pay for the majority of the employees as it pushes money to the top."
    MORE     12/14/09

FURLOUGH STALEMATE

Letter from CUE's Chief Negotiator, 11/4/09.

LAYOFF ALERT

Your eyes are not fooling you.

"The cash-strapped University of California," according to SFGATE.com, is lending the state of California $200 million. Even though UC has been "forced" to lay off workers, cut pay, offer fewer classes and increase student fees, they are lending the state millions at 3.2% interest.

    M O R E   L I N K S

• Salaries at UC · the Shocking Truth


• San Diego nurse cries foul on bonuses (January 30, 2010)


• LETTER FROM CUE CHIEF NEGOTIATOR (November 4, 2009)
  MORE UC STALLS · BARGAINING REPORT (October 21, 2009)
  FURLOUGHS · BARGAINING REPORT (October 7-8, 2009)
  BARGAINING REPORT (August 2009)
  
• REACTION TO Yudof on Time's "top-ten best" list


• REGENTS MEETING ARRESTS (September 2009)


• Status Quo
  Your rights when there is no contract
  
  
• Furloughs - Formal propsal to CUE


• Regents Meeting of July 14, 2009
• July 14^th action - photos


• UC's only Wage Proposal, May 2009


• Know Your Regents


• Mark Yudof's generous compensation


• Mark Yudof's work Furlough proposals


• CUE board's reaction to UC's imaginary crisis


• Bargaining sessions, March 2009
  On health care, performance evaluations, layoffs, wages and START
  


• Daily Californian
  Steve Montiel claimed he did not know if Yudof would be informed of the vote of no confidence.
  


• Medical Center equity adjustments, October 2008


• Start 2 Program


• Yudof in Utah UT Watch


• SFBloG
  "It's time to rid UC of the blight we know as ‘Mark Yudof.’” Kevin Rooney — UPTE
  

Recent Media Links — updated 11/16/09

FLYER attacking Yudof's actions in PDF format FEEL FREE TO POST