UCC posts €2.8m net deficit despite boost from IMI acquisition

Posted in Governance and administration on June 28th, 2019 by steve

Ireland“UCC’s acquisition of the Irish Management Institute (IMI) was a major driver of a 7.7% increase in the university’s income to €371.7m in 2017, according to its latest accounts. However, UCC still reported a net deficit of almost €2.8m for the year ending September 2017 after a sharp rise in staff costs and other operating expenses. It followed a surplus of €562,000 the previous year …” (more)

[Seán McCárthaigh, Irish Examiner, 28 June]

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Miscreant Universities reveal the Emperor’s New Clothes

Posted in Legal issues on March 24th, 2009 by steve

Ireland“In his daily contribution to the blogosphere, the President of Dublin City University (DCU), Ferdinand Von Prondzynski reacts strongly to an article in the Irish Independent penned by Marc Coleman (a radio economist) that blasts the public service and in particular, the third level sector, as ridden with cronyism and wasteful of public monies. In his post, the President responds to Coleman’s implicit criticism of University management in Ireland. Coleman boldly asks whether Irish universities will be forced to publish accounts. The President’s response is interesting. ‘As far as I am aware, all universities do publish their accounts. Certainly DCU does.’ As of last August, it was widely reported in the media that Dublin City University had not published it accounts since 2002 …” (more)

[University Blog on Academic Tenure, 23 March]

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UCC and DCU fail to publish accounts since 2002

Posted in Fees, access and admissions on August 31st, 2008 by steve

“Two universities seeking the return of third-level fees, Dublin City University and University College Cork, have not published accounts since 2002 due to problems meeting financial transparency rules. The revelation comes as it emerged that the government’s financial watchdog, the Comptroller and Auditor General (C&AG), has banned the signing-off of university accounts until it finishes investigating unauthorised payments to managers at some colleges. This will halt the publication of accounts for all seven universities as the C&AG must approve them first … ” (more)

[Ken Griffin, Tribune, 31 August]

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