This post was updated Feb. 21 at 9:52 p.m.
University administrators’ financial mismanagement contributed to UCLA’s $425 million annual deficit, UCLA’s chief financial officer alleged.
Stephen Agostini, who has been UCLA’s CFO since May 2024, alleged that the unaudited annual financial reports the university has posted on its website since 2002 are erroneous. Read more...
Photo: UCLA’s annual financial reports, which were posted from 2002 until 2023, are pictured on a laptop. Chief Financial Officer Stephen Agostini alleged that the reports were erroneous and unaudited, though the school made them seem otherwise. (Leydi Cris Cobo Cordon/Daily Bruin senior staff)