Hidden Parking Revenues: CSU Concealed Millions and Violated State Laws

The California state auditor reported that the CSU has been funneling hundreds of millions to accounts outside of the State Treasury, disregarded state laws, and used millions of dollars in revenue from campus parking permit fees to fund projects unrelated to the CSU parking program. Through the audit, it was discovered that the surplus from these fees were hidden in separate accounts from public and state overview.