Audit: City College of San Francisco Near Bankruptcy

City College of San Francisco is very close to bankruptcy, in part because of its spending and personnel decisions, a state audit has found, The San Francisco Chronicle reported. The study found that the college has almost twice the number of tenured faculty members per 1,000 students (24) as comparable community colleges in California. Further, the audit questioned some of the benefits employees receive, such as 23 paid holidays on top of vacation time.