"UA has much less cash on hand than the Board of Regents requires. The faculty is accusing the administration of financial mismanagement."
"Since the revelation at the Nov. 2 regents’ meeting, the faculty has criticized senior administrators for mismanagement, accusing them of losing track of more than $240 million through accounting errors and flawed financial projections."
https://www.insidehighered.com/news/business/financial-health/2023/11/16/university-arizona-miscalculated-cash-hand-millions