UCLA fired its chief financial officer days after he publicly alleged years of financial mismanagement and cited a projected $425 million campus deficit. Stephen Agostini told the Daily Bruin that unaudited campus financial reports were incorrect and that spending had outpaced revenue, but the university moved quickly to dismiss him. Chancellor Julio Frenk announced an immediate departure, raising questions about campus financial transparency, governance safeguards, and whether audited campus-level statements should be made public.