Such poor financial management should not be tolerated. Take the ones who are responsible, the top 500 executives, deans, finance managers, department chairs, and budget analysts and fire them all. No severance, no pension. Cause: Gross incompetence. A private company would have done massive executive terminations long ago. It is tragic that this poor performance is tolerated with more analysis and paralysis. I pity the lower level staff and students who will suffer. Even a high school student, balancing a checkbook, could have done a better job !
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It is surprising that a state with a conservative population like Arizona puts up with this kind of fraud. I started "teaching" for UAGC a couple of years ago, and found that administration does not support faculty at all because they want bodies in classes=$$. I was told by two supervisors not to worry about all the student work turned in that was written by ChatGPT. What happens if there is some kind of audit? I think most of the money at this place comes from financial aid. Not really a "college".