In case you can't get in. Telling statement.

“The fault lies with governing boards,” said Marty Kotis, a trustee at the University of North Carolina at Chapel Hill since 2021 who previously served on the oversight board for the UNC system. When he first started seeking financial information about the system a number of years ago, he said, he struck out with university administrators. Instead, he had to track the figures down with the state auditor.

“They’d just never been asked this before,” he said, adding that without that pressure, universities’ finance offices are less likely to produce detailed, digestible reports.

“Prior boards were merely ceremonial. If you’ve got a board that never asks about financials and just wants to talk about winning the next game or when the cocktail party is, they are not going to get a lot done,” he said.