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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University of Limerick criticised for ‘governance failure’ that may cost €1.2m

Posted in Governance and administration, Legal issues on June 27th, 2019 by steve

Ireland“The Dáil’s Public Accounts Committee (PAC) has criticised the University of Limerick for what it has says is a ‘governance failure that could have cost the State €1.2 million’. The findings are contained in a document circulated among members of the PAC as they finalise their latest periodic report …” (more)

[Jennifer Bray, Irish Times, 27 June]

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DCU’s ‘major, once off’ accounting issue caused delay in filing financial statements

Posted in Governance and administration, Legal issues on June 20th, 2019 by steve

Ireland“Dublin City University suffered a ‘major, once off’ accounting issue last year which prevented it from filing its financial statements to the State’s spending watchdog on time. The issue arose from the consolidation of different parts of the college, DCU has told the Oireachtas Public Accounts Committee …” (more)

[Jack Horgan-Jones, Irish Times, 20 June]

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Third level institutions to be questioned over links to spin-off companies

Posted in Governance and administration on May 30th, 2019 by steve

Ireland“All colleges and universities are to be questioned over their links to spin-off companies involving members of staff amid concerns over financial issues surrounding some firms. The Dáil’s public accounts committee has agreed to take the step after discussions between it, Cork Institute of Technology, the University of Limerick and Waterford Institute of Technology …” (more)

[BreakingNews.ie, 30 May]

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Colleges log cost overruns of almost €70m for new buildings

Posted in Governance and administration on May 29th, 2019 by steve

Ireland“The capacity of higher-education institutions to manage large-scale construction projects has been called into question by a spending review. The review shows major buildings have consistently been delivered late and with cost overruns of tens of millions of euro. The Comptroller and Auditor General report examined 10 projects delivered over the past decade at a cost of €350 million …” (more)

[Carl O’Brien, Irish Times, 29 May]

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Focus on securing TU HQ ‘undisputed’

Posted in Governance and administration on February 1st, 2019 by steve

Ireland“The focus on creating a ‘university of international standing’ in this region remains high on the agenda of Waterford TD and Oireachtas Public Accounts Committee (PAC) member David Cullinane (SF). Speaking to The Munster Express in the wake of the PAC’s examining a special report by the Comptroller and Auditor General (C&AG) into the sale of Feed Henry, a spin out company of TSSG, to Red Hat for €63.5m, Deputy Cullinane said his eyes remained fixed on the establishment of a Technological University …” (more)

[Dermot Keyes, Munster Express, 31 January]

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UL president asked to write to Garda Commissioner over report findings

Posted in Governance and administration, Legal issues on January 29th, 2019 by steve

Ireland“The president of the University of Limerick has been formally asked to write to the Garda Commissioner to ask if the findings of a report that was highly critical of the university should be investigated for fraud. Last Thursday, Dr Des Fitzgerald, appeared before the Dáil Committee of Public Accounts (PAC) over a number of long-running controversies related to the HR and finance departments at the university …” (more)

[Jess Casey, Limerick Leader, 28 January]

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Public Accounts Committee: Special Report No 103 of the Comptroller and Auditor General: Remuneration of certain senior staff in the University of Limerick and Institute of Technology Sligo

Posted in Governance and administration, Legal issues on January 25th, 2019 by steve

IrelandSeán Fleming (Laois, Fianna Fail): In this session we will examine the Comptroller and Auditor General’s special report No 103 on the handling of remuneration for certain senior staff in the University of Limerick and Institute of Technology Sligo. We have also requested an update on the implementation of Dr Thorn’s Independent Review of Certain Matters and Allegations Relating to the University of Limerick …” (more)

[Public Accounts Committee, 24 January]

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UL students may have got wrong exam results, PAC hears

Posted in Governance and administration on January 24th, 2019 by steve

Ireland“The president of University of Limerick (UL) has played down concerns that hundreds of students may have received incorrect exam results over a period of many years. The Dáil’s Public Accounts Committee (PAC) on Thursday heard of serious concerns over the reliability of UL’s student records system …” (more)

[Carl O’Brien, Irish Times, 24 January]

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Dept of Education examining recoupment of money from institutions

Posted in Governance and administration on January 24th, 2019 by steve

Ireland“Secretary General of the Department of Education has told the Public Accounts Committee that it is examining ways to recoup money from higher education institutions where breaches of governance have been identified. Seán Ó Foghlú was appearing before the committee following a special report by the Comptroller and Auditor General (C&AG) published last November …” (more)

[RTÉ News, 24 January]

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University of Limerick president faces questions on accuracy of results at PAC

Posted in Governance and administration on January 24th, 2019 by steve

Ireland“The president of the University of Limerick, Dr Des Fitzgerald, is expected to face questions from TDs this Thursday about concerns over whether potentially thousands of students were given incorrect exam records over many years …” (more)

[Alan English and Jess Casey, Limerick Leader, 24 January]

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Government to look at recouping from colleges for ‘governance breaches’

Posted in Governance and administration on January 24th, 2019 by steve

Ireland“The Government is considering recouping monies from institutes of higher education where governance breaches have been found, it has emerged. The Secretary General of the Department of Education Seán Ó Foghlú is due to appear before the Public Accounts Committee on Thursday to discuss the remuneration of senior staff at the University of Limerick and the Institute of Technology Sligo …” (more)

[Jennifer Bray, Irish Times, 24 January]

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Public Accounts Committee to consider universities’ handling of staff pensions and severance

Posted in Governance and administration on January 24th, 2019 by steve

Ireland“On Thursday, Jan 24, the Public Accounts Committee will consider how certain third-level educational institutions have managed remuneration of senior staff and overseen the sale of a campus technology spinoff …” (more)

[Houses of the Oireachtas, 23 January]

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No public funds for University of Limerick pension debacle

Posted in Governance and administration on December 14th, 2018 by steve

Ireland“Taxpayers’ money will not pay for the more than €1 million that was added to the University of Limerick pensions bill referred to in last month’s Comptroller and Auditor General’s (C&AG) report …” (more)

[Andrew Carey, Limerick Post, 14 December]

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UL pledges to pay executives’ €1.2m pensions from private funding

Posted in Governance and administration on December 10th, 2018 by steve

Ireland“University of Limerick has insisted taxpayers’ money will not be used to fund moving two executives from a subsidiary company to its own State-funded pension scheme at a cost of more than €1 million …” (more)

[Carl O’Brien, Irish Times, 10 December]

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University of Limerick criticised for ‘misleading’ PAC over pension top-ups

Posted in Governance and administration, Legal issues on November 29th, 2018 by steve

Ireland“The University of Limerick (UL) has been severely criticised by members of the Public Accounts Committee (PAC) for misleading it over pension top-ups to former staff. The university was the subject of a damning report earlier this week by the Comptroller and Auditor General (C&AG) about top-up pension payments totalling €1.2 million to two senior staff, during the tenure of former President Don Barry who left his post in 2017 …” (more)

[Daniel McConnell, Irish Examiner, 29 November]

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University of Limerick failed to tell the truth about severance deals

Posted in Governance and administration, Legal issues on November 28th, 2018 by steve

Ireland“University of Limerick president, Dr Des Fitzgerald has acknowledged that there were ‘serious failures’ when the university ‘misrepresented’ information given to State bodies about severance packages given to two employees …” (more)

[Andrew Carey, Limerick Post, 28 November]

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University of Limerick added executives to pension scheme

Posted in Governance and administration on November 27th, 2018 by steve

Ireland“Two executives at a University of Limerick subsidiary company were added to the university’s State-funded pension scheme at a cost of more than €1.2 million even though they were not university employees. The finding is contained in a report by the Comptroller and Auditor General into the handling of remuneration for certain senior staff at UL and Institute of Technology Sligo …” (more)

[Carl O’Brien, Irish Times, 27 November]

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Concern over lack of oversight involving sale of spin-out company

Posted in Governance and administration, Legal issues on November 14th, 2018 by steve

Ireland“Waterford Institute of Technology (WIT) retained less than €1 million from the €65 million sale of a spin-out company developed on its campus, according to a special report by the Comptroller and Auditor General (C&AG). The report also raises concerns over the WIT’s governing body’s lack of oversight of the sale, including issues such as changes to the institute’s equity stake and conflicts of interest involving senior staff members …” (more)

[Carl O’Brien, Irish Times, 13 November]

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WIT’s management of company sale criticised in report

Posted in Governance and administration, Legal issues on November 13th, 2018 by steve

Ireland“The State’s financial watchdog has criticised how Waterford Institute of Technology managed the development and subsequent sale of a campus company called FeedHenry Limited for €63.5m. The Comptroller and Auditor General (C&AG) said that due to the potential value of the technology …” (more)

[Ingrid Miley, RTÉ News, 13 November]

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