BERKELEY – An independent audit into how the University of California system pays its leaders found that administrators kept some details of compensation packages from the public and its own governing board. The report, released Monday, also found that officials didn’t always give the full picture to tax officials, omitting taxable compensation on some employees’ W-2 forms. UC administrators and the system’s governing Board of Regents, who met in special session by teleconference to discuss the audit Monday, said the breakdowns are a problem that has to be solved. “Time is of the absolute essence if we are to restore the public’s trust,” said board Chairman Gerald Parsky, who noted that Monday’s meeting was the board’s second special session on pay in two weeks. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREOregon Ducks football players get stuck on Disney ride during Rose Bowl eventThe audit, conducted by PricewaterhouseCoopers at the request of UC regents, follows published reports that UC quietly paid millions in bonuses and other benefits beyond executives’ publicly reported salaries at a time when student fees were going up due to state funding cuts. The revelations, first reported by the San Francisco Chronicle, have prompted legislative hearings and a number of investigations. In general, the independent audit found that administrators sought approval from the regents for items such as salaries and incentive pay. But officials didn’t tend to get regents’ approval for such things as automobile and relocation allowances. And in some cases, officials paid or promised benefits that were exceptions to UC policy – set more than a decade ago after a previous uproar over executive pay – without informing regents. UC leaders say their executives’ salaries are in many cases below what comparable institutions are paying and contend that they have to stay competitive. However, they acknowledge they haven’t been clear about explaining who’s getting what and why.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!
ManagementLast updated on July 3rd, 2019 at 01:37 pmThe U.S. Small Business Administration approved the following loan guarantees in April:Milwaukee County Al Hafez Enterprises LLC, 6800 W. Capitol Drive, Milwaukee, $598,000, First-Citizens Bank & Trust Co.; Buzz & Suds Corp., 120 W. Town Square Way, Oak Creek, $337,000, The Huntington National Bank;Buzz & Suds Corp., 120 W. Town Square Way, Oak Creek, $30,000, The Huntington National Bank;D&M Heating and Air Conditioning SSG LLC, 4227 S. 13th St., Milwaukee, $350,000, Sunset Bank & Savings;H & S Enterprises LLC, 6001 N. Teutonia Ave., Milwaukee, $1 million, Byline Bank; MKE MindBody Wellness Inc., 3174 S. Howell Ave., Milwaukee, $50,000, Celtic Bank Corp.;MKE Tuk Tuk LLC, 6650 W. State St., Unit #2, Milwaukee, $48,700, Associated Bank;New Paradise Realty Inc., 7625 W. Appleton Ave., Milwaukee, $722,000, First Chatham Bank;Old Hwy. 70 LLC, 9287 N. Broadmoor Road, Bayside, $150,000, United Midwest Savings Bank;Poiema Automation Inc., 8331 W. Calumet Road, Milwaukee, $100,000, Wells Fargo Bank;Self Storage LLC, 6003-6045 Teutonia Ave., Milwaukee, $987,500, Byline Bank;The Chef’s Table LLC, 500 S. Third St, Milwaukee, $341,600, Wisconsin Bank & Trust;Ozaukee County RW Shaw Construction Services, 1306 Sixth Ave., Grafton, $150,000, First Home Bank;RW Shaw Construction Services LLC, W75 N846 Tower Ave., Cedarburg, $150,000, First Home Bank;SP Mart LLC, 223 W. Grand Ave., Port Washington, $1.3 million, Byline Bank;Racine CountyCheddarHead Holdings-2 LLC, 2860 S. Green Bay Road, Suite 300, Mount Pleasant, $150,000, Old Plank Trail Community Bank;Kessler Irrigation and Lawn, 34622 63rd St., Burlington, $162,800, Associated Bank;Ross Holdings LLC, 8420 County Highway V, Caledonia, $208,000, WBD Inc.; Tanin Auto LLC, 7012 State Road 31, Suite 100, Racine, $125,000, Educators Credit Union;Sheboygan CountyOdd Jobs Plumbing LLC, W. 8006 Highway SS, Adell, $54,500, Landmark Credit Union;Walworth CountyAqua Revival LLC, 1417 Racine St. Unit D, Delavan, $350,000, Falcon National Bank; Aqua Revival LLC, 1417 Racine St. Unit D, Delavan, $2.1 million, Falcon National Bank;PolyPail Inc., 1615 Grebby St., Delavan, $194,600, BMO Harris Bank;Washington CountyElite Tool & Manufacturing LLC, N171 W21048 Industrial Drive, Jackson, $450,000, Cornerstone Community Bank;Elite Tool & Manufacturing LLC, N171 W21048 Industrial Drive, Jackson, $100,000, Cornerstone Community Bank; Legacy Subs LLC, N96 W15360 County Line Road, Germantown, $260,000, BMO Harris Bank;Maxmar LLC, 2325 Richfield Parkway, Richfield, $977,000, WBD Inc.;Techplex LLC, N115 W19150 Edison Drive, Germantown, $286,000, WBD Inc.;Waukesha CountyBG Holdings II LLC, 2350 Corporate Drive, Waukesha, $1.5 million, WBD Inc.;Blocker LLC, 200 W. Summit Ave., Wales, $226,700, Waukesha State Bank; Board Together LLC, W189 S7773 Racine Ave., Muskego, $78,600, Wisconsin Women’s Business Initiative Corp.;Centec Security Systems Inc., W33 N727 Westmound Drive, Waukesha, $100,000, First Bank Financial Centre;Cranker Real Estate LLC, W226 N735 Eastmound Drive, Waukesha, $570,000, Waukesha State Bank; DeMore’s Innovative Design Inc., N56 W19868 Silver Spring Drive, Menomonee Falls, $50,000, Associated Bank;Go Pak LLC, 206 Enterprise Road, Suite Five, Delafield, $1.3 million, WBD Inc.;Hometowne Windows & Doors Inc., 2911 South 160th St., New Berlin, $19,800, Landmark Credit Union; Irrigation Works Inc., W244 S8440 Industrial Drive, Big Bend, $340,000, The Huntington National Bank;Irrigation Works Inc., W244 S8440 Industrial Drive, Big Bend, $25,000, The Huntington National Bank; Jahnke & Jahnke Assoc. LLC, 711 W. Moreland Boulevard, Waukesha, $168,000, Fifth Third Bank;Little John Property LLC, S34 W29942 Little John Drive, Genesee, $214,000, WBD Inc.;Marcomatic Industrial Controls Inc., W134 N5345 Campbell Drive, Menomonee Falls, $4.4 million, Byline Bank;OFP Ingredients LLC, 140 S. Concord St., Oconomowoc, $1 million, Capitol Bank; R2 Properties LLC, 1904 MacArthur Road, Waukesha, $262,000, WBD Inc.;Saave Organization LLC, 1005 Richards Road, Suite E, Hartland, $100,000, Wisconsin Women’s Business Initiative Corp.; Silver Summit Inc., 921 Friedman Drive, Waukesha, $35,000, U.S. Bank;The Anxiety Center Acquisition LLC, 15850 W. Bluemound Road, Suite 208, Brookfield, $250,000, Wisconsin Women’s Business Initiative Corp.;Village Primary Care Providers LLC, 1111 Delafield St., Suite 219, Waukesha, $20,000, U.S. Bank. Get our email updatesBizTimes DailyManufacturing WeeklyNonprofit WeeklyReal Estate WeeklySaturday Top 10Wisconsin Morning Headlines Subscribe