ABOR Accountability
Following the money at Arizona's public universities
Public money. Public record.

The University of Arizona took in $3.2 billion last year. Who's watching how it's spent?

Arizona's universities are governed by a Board of Regents appointed by the governor, not elected by voters. We read the audits, board packets and public records, and publish only what the documents show.

Read the findings Get the next report
$3.23B
UA total revenues, fiscal year 2025
+37%
Academic and institutional support spending, $473.9M (FY16) to $650.5M (FY25)
$0
Unrestricted net position at June 30, 2025, per state auditors
FY2022
First year of a purchasing-card finding still open in FY2025
Source: Arizona Auditor General, University of Arizona, Year Ended June 30, 2025, Report Highlights

Our standard

Every claim on this site carries one of three labels and links to its source. We name documents, not motives. We do not use the word "stolen" unless a court has said so.

DOCUMENTED

Stated in an official record: an audit, board packet, contract, budget or court filing. Linked.

REPORTED

Published by credible news outlets. Cited, and upgraded to Documented when we obtain the record.

OPEN QUESTION

Something the record doesn't yet answer. We say what we've requested and when.

Findings

DOCUMENTED No. 01 · State audit, FY2025

Paid for nearly two years after resigning

UA management told state auditors it never removed a former employee from payroll after the employee resigned, and kept paying them for nearly two years. Potential net loss: $78,114. Auditors told UA to keep trying to recover the money and to explore legal action.

Source: Arizona Auditor General, FY2025 highlights
DOCUMENTED No. 02 · State audits, FY2022–FY2025

The purchasing-card finding that won't close

For four straight years, state auditors have flagged UA purchasing-card spending on entertainment, food and drinks that broke the university's own rules, calling it a possible violation of the Arizona Constitution. FY2024: $45,859. FY2025: $8,295. The dollars are small. The pattern is the story.

Source: Arizona Auditor General, FY2024 and FY2025 reports
REPORTED No. 03 · Real estate · [YEAR]

$75,000 over appraisal

UA asked the regents to approve buying a six-bedroom house on E. Drachman St. for $625,000. Its appraised value was $550,000. The stated justification: the home sits inside UA's campus planning boundary. We are requesting the board packet to upgrade this to Documented.

Source: Arizona Daily Star, citing ABOR documents
REPORTED OPEN QUESTION No. 04 · Speedway & Campbell

A $250 million dorm, discussed behind closed doors

The 2.49-acre site passed from Mortenson Development to the nonprofit Collegiate Housing Foundation, which hands it to UA. CHF finances the dorm with tax-exempt bonds repaid by residence-hall fees, under a 50-year ground lease. The regents discussed the plan in private executive session.

Open questions: Who sold the parcel to Mortenson, and for how much? What did each step of the land transfer cost? What do students pay over 40 years? Records requested: [DATE].

Source: Arizona Daily Star; Connect CRE
OPEN QUESTION No. 05 · Helen Street

The Helen Street purchase

A Helen Street property in Tucson appears on a late-2023 Regents committee agenda. We have requested the full board packet: price, appraisal, seller and justification. [STATUS]

Public records request filed: [DATE]
REPORTED No. 08 · Administration

109 vice presidents

When the cash crisis hit, UA had 109 vice-president titles, counting assistant, associate and senior VPs. It cut 13. UA's own CFO later said the university then hired other positions that replaced many of them, and administrative payroll rose $1.5 million to $22.1 million. A faculty committee found VP positions had grown 119%.

Source: Arizona Daily Star; UA General Faculty Financial Recalibration Committee
REPORTED No. 06 · The 2023 cash crisis

The $240 million hole, in Tucson terms

In November 2023, UA told the regents its cash had fallen $240 million below the board's own reserve standard: 97 days of cash on hand against a required 156. Spending had gone up while reserves were drawn down. Once commitments were counted, it became a $177 million budget deficit. Nobody on the board caught it until it was announced.

$326
for every man, woman and child in Tucson
$177M ÷ 542,629 residents (2020 Census)
13,600
years of in-state tuition and fees
$177M ÷ $12,937 per year [confirm current rate]
3,400
free four-year degrees for Arizona kids
13,600 tuition-years ÷ 4
$86M
loaned by the university to its own athletics department
As confirmed by UA's president, per the Arizona Daily Star

Our math, shown. Sources: Bond Buyer; State Press; Daily Wildcat; Arizona Daily Star; College Data (tuition).

DOCUMENTED REPORTED No. 07 · Acquisitions

Same Board of Regents. Two rescues. Two very different endings.

Both universities took over a struggling school. ASU took a respected graduate school and rebuilt it under its own name. UA took a for-profit online college already fighting a state fraud lawsuit. The regents approved both.

UA · 2020

Ashford University → UA Global Campus

THE DEAL
$1, through a newly formed nonprofit, which also took on liabilities. Seller Zovio added $54M in cash.
THE BAGGAGE
A 2017 California Attorney General fraud suit, decided against Ashford and Zovio in 2022.
THE CONTRACT
Zovio's costs plus 19.5% of tuition and fee revenue. Terminated in 2022.
ENROLLMENT
About 107,000 (FY2015) down to 51,000 (FY2023)
GRADUATION RATE
15–20% after the takeover
COST TO ENROLL ONE STUDENT
$11,521 in paid ads. Over $34,000 via Facebook.
ASU · 2014

Thunderbird School of Global Management

THE DEAL
ASU assumed $22M of Thunderbird's debt.
THE BAGGAGE
Years of falling enrollment. ASU dropped the declining flagship MBA.
THE PARTNERS
City of Phoenix put $13.5M toward a new downtown headquarters, opened 2021.
ENROLLMENT
461 (fall 2015) up to 954 (fall 2019)
REPUTATION
Wall Street Journal ranked its Master of Global Management best in the world.
THE BRAND
Kept its name and its alumni.

Fair to say: These aren't the same size. Thunderbird was a small graduate school; Ashford was a 50,000-student online college whose enrollment was falling before UA took it. UA's interim CFO told the regents the Global Campus did not cause the 2023 cash crisis.

Open question: What has Global Campus cost Arizona since 2020, including marketing? We've requested its audited financial statements. [DATE]

Sources: Zovio SEC filings; EY assessment via New America; Poets & Quants; ASU News; Arizona Daily Star.

The sunset

Arizona is famous for its sunsets. The Board of Regents has one: July 1, 2027.

Every state agency has a sunset date, and ABOR's arrives July 1, 2027, unless the Legislature renews it. Lawmakers decide what kind of board rises the next morning. The Constitution says regents are appointed "in the manner prescribed by law." Lawmakers can set that manner without asking voters to amend the Constitution.

1

Regional seats

Guarantee regents from Northern, Southern and Central Arizona, so Tucson and Flagstaff aren't governed from one boardroom.

2

A public property ledger

Every purchase, appraisal, seller and procurement exception posted online, searchable, before the vote.

3

Explain the closed doors

A plain-English summary and recorded vote for every deal discussed in executive session, once it closes.

Electing regents outright would require a constitutional amendment. We're starting with what the 2027 Legislature can do on its own.

Take a break

The Sorting Mortarboard

UA has had as many as 109 vice presidents. There's always room for one more. Pick up to three traits and find out which vice presidency you were born for.

0 of 3 picked

Satire. Every title here is invented. The count is real: 109 VP titles before 13 were cut, then backfilled (Arizona Daily Star, 2024).

Red, blue or purple: it's your money.

Get each new finding when it's released. Your zip code tells us which region you're in, so we can show you what your legislators can do.

Have a document?

Board packets, contracts, appraisals, emails obtained through public records. Send them to [TIP EMAIL].

Found an error?

We correct publicly and date every correction. [CORRECTIONS EMAIL]

Who we are

[FOUNDER BIO]