Wisconsin State Journal (subscription required)
Apparently, Kansas has a GOP CPA caucus, too.
A quote from Reserve Judgement. (Inside Higher Ed, 4/26/2013)
A quote from So You Say You're Broke? (Inside Higher Ed, 5/27/2011)
UW not the only state university system investigated for net assets. (Milwaukee Journal Sentinel, 4/26/2013)
Excerpt; The University of California System had $2.5 billion in "unrestricted net assets" in 2010 while requesting a 32% tuition increase. Ohio's public universities and colleges had combined cash reserves nearing $3 billion in 2011. And last spring, Michigan's public universities increased their total "unrestricted net assets" by 24%, from $3.4 billion to $4.2 billion.
In each state, lawmakers questioned requests for tuition increases and additional state aid, suggesting the universities were hoarding funds while demanding more money from students, denying pay increases to faculty and staff, and claiming poverty, according to news reports.
The response by university officials elsewhere also was similar to UW System's response this week: The unrestricted net assets were not piles of cash to be used for whatever they wanted, they said.
The accounting term "unrestricted net assets" refers to any money that doesn't have specific restrictions. That line on state university system financial reports makes them vulnerable to lawmakers looking for cuts in state budgets, the Inside Higher Ed article said.
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